The redistribution of global power has produced a situation in which the US is no longer the sole hegemon. The US has to acknowledge the fact that the world is now much more complex, and that, though it must understand the national interests of key pla…
2015-01-21
Timing questioned after Citic Securities’ parent sold shares before regulatory crackdown
2015-01-21
Chinese conglomerate Dalian Wanda Group has invested €45 million (US$52 million) to acquire a 20% equity stake in Club Atlético de Madrid, a Spanish football club, to help shore up its balance sheet and support its expansion in China, according to a company announcement. This is the first time a Chinese company has invested in […]
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2015-01-21
Asia-focused private equity firm RRJ Capital and International Finance Corporation (IFC) have agreed to invest S$113.5 million (US$85 million) in China Everbright Water Limited, a Singapore-listed subsidiary of China Everbright International Limited, according to a company announcement. Everbright Water, a water treatment business formerly named Hankore Environment Tech Group, will issue an aggregate of 120.7 million […]
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2015-01-21
Asia-focused alternative investment management firm Hillhouse Capital Management has raised a US$2 billion new fund, according to media reports. Representatives of Hillhouse could not be reached to verify the news. The firm's asset-under-management has increased to around US$18 billion from last summer's US$14 billion, due to the new fund and investment gains of its existing […]
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2015-01-21
Beijing-based steel trading website Zhaogang.com has completed US$100 million series D financing led by IDG Capital and Huasheng Capital, according to an announcement on the company's Weibo account. Existing investors Bull Capital Partners, Sequoia Capital, Matrix Partners China also participated in the round. In January 2014, the company received US$34.8 million series C financing led […]
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2015-01-21
New York Stock Exchange-listed Chinese social networking firm Renren Inc. has invested US$40 million in California-based stock trading website Motif Investing to assist the company in its international expansion, according to a company announcement. Joe Chen, Renren's founder, will join Motif's board of directors. Founded in 2010, Motif is backed investors including Goldman Sachs, JPMorgan […]
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2015-01-21
Two also disciplined for feasting on sushi at public expense on the night of the disaster
2015-01-21
The author is Brett Tucker, partner at private equity firm Baird Capital China continues to be a rising power in the global economy, but accessing private equity opportunities in this evolving market has become more complex in the recent past. After years of high growth, China’s GDP growth grate hit its lowest mark in five […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2015-01-21
China's housing sector showed sign of recovery as prices of new commodity residential properties for 70 medium-to-large-sized cities surveyed by the National Bureau of Statistics declined by 0.42% month-on-month in December, after falling 0.59% in November and compares with average monthly decline of 1% during the third quarter. At the same time, Soufun's 100-city average […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2015-01-21
Chinese retail chain China Resources Vanguard announced plans to build a new warehousing distribution center in Zhouwangmiao, Haining, which is reportedly the largest of its kind in East China. CR Vanguard plans to invest CNY980 million in this new project, which will cover an area of 213 mu. With registered capital of CNY200 million, the […]
2015-01-21
Japanese electronics company Panasonic reportedly plans to move its digital camera manufacturing from Japan to China in spring of 2015. The company's production lines in Fukushima, Japan, will stop operation. The Fukushima plant has an annual output of 1.5 million digital cameras, which is about half of the global sales of Panasonic. Due to the […]