CRI听力:Discussion on corporate news of the week

Story 1:

China's largest e-commerce giant Alibaba has sued a "brushing" firm for 216 million yuan in compensation.

This marks Alibaba's first court case against a business that allegedly helps online merchants artificially boost their transaction volumes and customer ratings by using people posing as buyers.

Shatui, which has four employees, helped to create over 26 million yuan worth of false transactions in two years for 3,000 shops on Alibaba's two most popular online shopping malls: Taobao and Tmall.

Alibaba declined to say where the lawsuit was filed, but said the action was accepted by the court and therefore will go to trial.

Story 2:

Beijing-based chip giant Tsinghua Unigroup says it is planning to launch a 50 billion yuan fund to promote cross-Straits economic ties.

Details about when the fund will be set up and how the capital will be used, remain unknown.

The move comes after the company's proposal to buy stakes worth nearly 1 billion U.S. dollars in two chip firms in Taiwan ran into trouble.

Tsinghua Unigroup also said last year it was investing around 600 million dollars in Powertech Technology Inc, for a 25 percent stake.

Currently, the deal is still waiting approval from the Taiwan local government.

That was Doug Young, company news chief for the English edition of Caixin.