Government offers few concessions to protesters in televised dialogue
2014-10-21
Morgan Stanley Private Equity Asia (MSPEA) has invested an undisclosed amount in Hong Kong-based financial services firm AMTD Group Company Limited, according to a company announcement. No other details of the deal are disclosed. MSPEA will work with AMTD's existing shareholder, the Cheung Kong Group, to expand the company's financial planning and asset management businesses […]
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2014-10-21
Venture-backed online group-buying service provider LaShou.com has agreed to sell a controlling stake to Jiangsu province-based conglomerate the Sanpower Group for an undisclosed amount, according to an announcement issued on Lashou's official Weibo account. In August, the Beijing-based LaShou.com reportedly received an undisclosed amount of series D financing from Milestone Capital and GSR Ventures. The […]
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2014-10-21
China's growth and appetite for foreign direct investment (FDI) has made Africa its largest investment destination, according to a new report written by the Economist Intelligence Unit (EIU) for global law firm Mayer Brown. The report finds that whilst energy and mineral resources have attracted the most Chinese FDI, investments and activities that support Africa's […]
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2014-10-21
Beijing-based P2P (Peer-to-Peer) lending platform Yinker has received series A financing worth tens of millions U.S. dollars led by Chinese angel and venture firm Source Code Capital, according to Chinese media reports. Last month, Source Code Capital, founded in the summer by former vice president of Sequoia Capital China Charlie Cao, reportedly raised US$100 million […]
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2014-10-21
China's September economic data suggests that the Chinese government's easing policies have succeeded in stabilizing growth. More policy stimulus is needed to lift GDP growth in the fourth quarter, says a report by Nomura Research. China's real GDP growth slowed to 7.3% in the third quarter, a little stronger than expected 7.2%, but is the […]
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2014-10-21
Dynamism comes at the price of the widest income gap in the developed world
2014-10-21
China's RMB will become one of the three most important international currencies in the next five years, together with the U.S. dollar and the Euro, says David Daokui Li, a professor at Tsinghua University's School of Economics and Management. The Japanese Yen and the British Pound will gradually be replaced by the RMB in international […]
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2014-10-21
21Vianet and Foxconn have signed a strategic cooperation agreement to establish a joint venture named Smart Time Technologies Limited. The two parties will jointly build and develop a global supply chain for the Internet data center and cloud computing infrastructure markets. In addition, the companies announced they plan to open a 21Vianet-Foxconn Internet infrastructure and […]