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Hon Hai, Tencent partner in electric car business

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Taiwan's Hon Hai Precision Industry Co Ltd on Monday said it has partnered Chinese social networker Tencent Holdings Ltd to develop opportunities related to electric vehicles, marking the latest tech foray into “smart” cars. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding Ltd and Baidu Inc, which have already moved into the nascent market for Internet-connected cars vie tie-ups with major auto makers

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China to reap Alibaba windfall as tightens up on tax

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By Michelle Price HONG KONG (Reuters) – China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. On Wednesday, a six-month lock-up period for the recently New York-listed stock expired, allowing insiders who bought 437 million shares prior to the IPO to sell their stock, though 100 million of them are subject to trading restrictions that apply to employees until the company reports results in May

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Software developer Apigee Corp files for IPO

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(Reuters) – Apigee Corp, a developer of software to manage Web applications, has filed with U.S. regulators for an initial public offering, looking to take advantage of interest in companies that offer Internet-related services. Apigee’s filing on Friday comes nearly two months after the successful listing of online storage company Box Inc and a day after Web-hosting company GoDaddy Inc’s proposed IPO valued it at up to $2.87 billion

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Chinese military denies role in reported U.S. hacking

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China's Defense Ministry on Friday denied that it had anything to do with a cyber attack on Register.com, a unit of Web.com, following a report in the Financial Times that the FBI was looking into the Chinese military's involvement. “The relevant criticism that China's military participated in Internet hacking is to play the same old tune, and is totally baseless,” the ministry said in a fax to Reuters in response to a question about the story. It is not clear what the Chinese military would be looking for or what it would gain from Register.com's data

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Paper planes, parents help Indian pupils outsmart state exams

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On Thursday, the Hindustan Times published a photo of dozens of men clambering up the wall of a four-floor test center in Bihar state, perched on window ledges as they folded answer sheets into paper planes flown into classrooms. “Should we shoot them?” asked Prashant Kumar Shahi, Bihar's education minister, addressing a news conference after television news channels aired the incriminating photo and raked up the scandal. Exams held by the Bihar School Examination Board (BSEB) are viewed as make-or-break tests that could transform the lives of millions growing up in poverty.

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Vietnam capital U-turns on tree felling after public outcry

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Political leaders of Vietnam’s capital halted the felling of thousands of Hanoi’s trees on Friday after the plan sparked public outrage and fears it would damage the image of one of the world’s most picturesque cities. Social media criticism went into overdrive this week after authorities started cutting down some 500 of the 6,700 trees it considered dangerous in the leafy metropolis often dubbed the “Paris of Asia”

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