Alibaba Group Holding Ltd, China’s largest e-commerce company, has agreed to repurchase a 20% stake in itself from US web portal Yahoo for €5.6m ahead of a potential initial public offering.

CHINA will shut down or punish dozens of video-sharing websites for carrying content deemed pornographic, violent or a threat to national security under rules that tighten internet controls, a regulator said yesterday.

Google today launched the latest version of its famous search engine in China, and defended its decision to self-censor some content as a trade-off that will grant Chinese greater access to other kinds of information.