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

President Barack Obama’s recent call to ease the austerity imposed on Greece is remarkable – and not only for his endorsement of the newly elected Greek government’s stance in the face of its creditors. His comments represent a break with the long-standing tradition of American silence on European monetary affairs, and they should be heeded.

Hangzhou, Zhejiang province-based credit card management mobile app maker 51Zhangdan has received US$50 million series B financing led by GGV Capital, according to the company's Weibo account. The round, which was closed six months ago, values the company at US$300 million. 51Zhangdan previously received series A+ and series A financing totaling US$15 million from SIG […]

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The People’s Bank of China (PBoC) has decided to cut banks' reserve requirement ratio (RRR) by 50 basis points, effective today. The move is necessary to arrest further economic slowdown, and it is just the beginning of a series of monetary easing actions down the road, says a research report by Nomura. The reports says […]

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Beijing-based Chinese insurance firm Anbang Insurance Group Co., Ltd. has shown interest in acquiring a controlling stake in South Korea's Tong Yang Life Insurance Co., Ltd. for about 1.1 trillion Korean Won (US$1.01 billion), according to media reports. Anbang has reportedly signed a memorandum of understanding to acquire the 57.5% stake in the Korean insurer […]

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Beijing-based Wowo Limited, which operates Chinese group-buying site 55tuan.com, plans to issue six million American Depositary Shares (ADS) at an indicative price range between US$9 to US$11 per share, raising up to US$66 million in an initial public offering on the NASDAQ, according to an updated security filing. Earlier this week, Wowo increased its planned […]

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Online retail spending in China will exceed US$1 trillion by 2019, up from US$307 billion in 2013, according to a new forecast from research and advisory firm Forrester Research, Inc. Mobile retail spending will also grow at 44.2% compound annual growth rate (CAGR) from 2014 to 2019, twice as rapid as online sales, which is […]

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Synergy China Funds, a China-Israel fund targeting Israeli technology companies that seek to enter the Chinese market, has appointed Eran Lasser as senior advisor for Israeli hi-tech investments, according to a company announcement. With more than 20 years of experience in the hi-tech industry, Lasser was the founder and joint CEO of Israeli hi-tech training […]

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Europe's energy policy is being shaped by short-term geopolitical consideration, to the detriment of long-term stability and security. It is time for a new approach that leverages the interconnectedness of energy systems, economies, and strategic relat…

Ukraine is a victim of Russian military aggression, and, like it or not, its fate will essentially determine that of Europe's, because the current crisis will define the rules and principles that Europeans live by in the twenty-first century. That is w…

Once again, Europe seems to have reached a fork in the road, either about to slide into oblivion or to demonstrate its ability to weather the strongest storms. The future will ultimately be determined by Europeans themselves, but they would be wise to …

In modern hybrid wars, conventional and unconventional forces, combatants and civilians, physical destruction and information manipulation are deeply intertwined. How can a country prepare for such multifaceted and unpredictable conflicts?

The size of China's shadow banking sector may have expanded by 58% to RMB51.2 trillion (US$8.19 trillion) in 2014, a sharp acceleration from 2013's RMB32.4 trillion (US$5.18 trillion), potentially making China's financial system much more fragile, says a research report by BofA Merrill Lynch Global Research. There are many ways to gauge the size of […]

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Chinese e-commerce giant Alibaba Group Holdings says its Taobao Marketplace shopping site has partnered with Shanghai YTO Express Logistics Co. to begin a three-day trial of drone delivery technology in Beijing, Shanghai, and Guangzhou today, according to a company announcement. During the test, parcel-packing quad-copters will be used to ferry boxed sets of products high […]

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New York Stock Exchange-listed Chinese social networking firm Renren Inc. has led a US$10 million series B financing in Washington, D.C.-based big data legislation forecast start-up FiscalNote, Inc., according to a company announcement. Existing investors Visionnaire Ventures, New Enterprise Associates, Yahoo co-founder Jerry Yang's AME Cloud Ventures, former CEO of America Online Steve Case, and […]

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Angela Ahrendts, Apple's senior vice president of retail, reportedly recently sent out a video message to Apple retail store employees in America, stating that they have been recruiting employees from United States-based Apple retail stores to relocate to China to help the company accelerate the retail business expansion in the country. Ahrendts said that the […]

Following the establishment of offices in Ottawa and Markham, the Chinese telecom device maker Huawei recently expressed intention to set up a new research and development office in Waterloo, Canada. The new office will be committed to solving mobile phone security issues. However, the establishment of the new R&D office is still subject to Huawei's […]