China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

A kilogramme of shark fins can still fetch about $960 in some wholesale markets in China, but even that is half the price reported two years ago

Chengdu, Sichuan province-based intelligent micro-projector developer XGimi Technology Co. Ltd. has received RMB100 million (US$16.2 million) series A financing led by Chinese private equity and venture capital firm Shenzhen CDF-Capital, according to XGimi's official announcement. Chengdu Technology Transfer Group Co., Ltd. also participated in the round. The proceeds will be used for product and supply […]

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I’m a sucker for any form of team building that involves company-sanctioned aggression against workmates

Arrest of couple who ran a coffee shop overlooking the Friendship bridge to North Korea comes a week after Ottawa’s claim of a Chinese cyber attack

The problem with strategic bombing, in which civilians are regarded as legitimate targets, is that it seems never to have worked. The Palestinians, whether they are ruled by Hamas or not, will not stop fighting Israel, if only because the destruction o…

Chinese pork producer WH Group has completed an IPO today in Hong Kong, selling 2.567 billion shares at HK$6.20 per share, raising a total of HK$15.9 billion (US$2 billion). Despite a significantly smaller IPO size and a previous cancellation due to unaccommodating market conditions, the float attracted 54 times of over-subscription for its shares, and […]

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Beijing-based carpooling app HahaPinche has received tens of millions U.S. dollar series B financing from Sequoia Capital and Innovation Works, according to Chinese media reports. The company previously received millions of U.S. dollar series A financing from Innovation Works in 2012. Chinese smartphone maker Xiaomi’s CEO Lei Jun invested millions of RMB angel investment in […]

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Bejing-based memory card producer and solution provider Memblaze has completed US$20 million series C financing led by  Bertelsmann Asia Investments, according to Chinese news report. Israel’s cross-border investment group Infinity Group (click here to listen Infinity's founder Amir Gal-Or on China Money Podcast) and Ding Xing Fund managed by Chinese telecommunications firm ZTE Corporation, as well […]

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UBS Futures Co., Limited, which is 95.42%-owned by UBS Securities Co. Limited, has been officially established to provide futures brokerage services in China, targeting institutional investors, according to a company announcement. Following the granting of approval by the Chinese regulator for UBS Securities to acquire a majority shareholding in Shanghai Pumin Futures Brokerage Co., Ltd, […]

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Singapore-listed Global Logistic Properties (GLP) has agreed to form a strategic partnership with China’s largest state-owned warehouse logistics provider China Materials Storage and Transportation Development Company (CMSTD) by investing US$324 million for a 15.3% stake of CMSTD, according to an official announcement. GLP plans to acquire CMSTD's shares at RMB11.82 per share in cash, representing […]

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Three out of five European institutional investors say the alternative investment funds they invested in over the last 10 years only partially met their return expectations, or failed to do so entirely, according to a new study by Hamburg-based investment firm Aquila Capital. The survey, which was carried out among 101 institutional investors across Europe […]

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Wang Qishan will need all the resolve he can muster as he confronts implacable enemies in Beijing’s war against graft

Xiaomi took a 14% market share in China during the second quarter of 2014, overtaking Samsung in volume during the period. According to a report from Canalys, Xiaomi had 240% year-on-year growth. Xiaomi joined Chinese phone brands Lenovo, Yulong, Huawei, BBK, ZTE, OPPO and K-Touch, to account for a total of 70.7 million units and […]

The way justice is dispensed in China undermines the claim that this is an even-handed exercise and undermines Xi Jinping’s corruption drive

Wang Jianlin, chairman of Wanda Group, announced during the company's semi-annual work conference that the company will focus CNY5 billion to enhance the group's online commerce efforts. Wang revealed that Wanda will cooperate with China's largest e-commerce providers to establish Wanda e-commerce and the first-phase investment will be estimated at CNY5 billion. Wanda e-commerce aims […]