Congress should back the TPP trade pact as way to engage with Asia

Congress should back the TPP trade pact as way to engage with Asia

Controversial plant triggered mass environmental protests when it was built in

China's decision to launch local government debt swap is the right step in restructuring its massive local debt problem, and should be done on a much larger scale to help manage the country's rising debt pile, says a research report by UBS AG. China's Ministry of Finance (MoF) has given local governments permission to issue […]

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.

Chinese online food ordering platform Meican has completed RMB140 million (US$23 million) series C financing led by Shanghai-based Yelp-like review website Dianping.com, according to Chinese media reports. Existing investors KPCB China, Nokia Growth Partners, and Trustbridge Partners also participated. Meican's management team remains to be the largest shareholder of the business, and continue to own […]

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.

Chinese marketing firm Guangdong Advertising Co., Ltd. plans to acquire 15% of Lomark, a venture-backed mobile advertising firm based in Shenzhen, for RMB112.5 million (US$18 million), according to a regulatory filing. The strategic investment in Lomark will expand Guangdong Advertising's mobile advertising offerings, and the two companies will cooperate on improving their existing advertising products. […]

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.

Chinese Internet giant Tencent Holdings Limited and Taiwanese electronics contract manufacturer Hon Hai Precision Industry Co., Ltd. has committed capital to Playground Global LLC, a technology incubator newly launched by the creator of Android, Andy Rubin, according to media reports. Other investors including Google, Hewlett-Packard, Redpoint Ventures, and Seagate Technology PLC., also backed the new […]

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.

British department store brand House of Fraser will officially enter the Chinese market and its first batch of stores will be located in Nanjing, Xuzhou, and Chongqing. In April 2014, HOF was acquired by Nanjing Cenbest, a subsidiary of China Sanpower Group. With the transaction, Cenbest gained a 89% stake in this U.K. department store […]

Chinese electronics retailer Gome will increase its retail outlets this year. According to Wang Junzhou, president of Gome, the company plans to open 100,000 mobile micro stores in China in 2015. At present, this project is undergoing trials in Xiamen and Xi'an with about 10,000 micro stores. Actually, the stores appear to be more like […]

Chinese telecom device maker ZTE published its performance report for 2014, stating that its operating revenue reached CNY81.47 billion, a year-on-year increase of 8.3%; its net profit attributable to shareholders was CNY2.63 billion, a year-on-year increase of 94%; and its basic earnings per share were CNY0.77. ZTE said that the company realized operating revenue of […]

Nokia Networks, previously known as Nokia Siemens Networks, announced its adjustments to its global customer operation structure. The new customer operation were formed by seven major regional markets, including Greater China, effective on April 1, 2015. With the adjustments, Mike Wang has been appointed new Greater China president of Nokia Networks; meanwhile, former Greater China […]

Spanish telecom company Telefonica announced that the company has reached a final agreement to sell its U.K. mobile business unit O2 to Hong Kong's Hutchison Whampoa for GBP10.25 billion, which is about USD15.2 billion. Telefonica and Hutchison Whampoa previously entered an exclusive negotiation on January 23, 2015, and the two parties reached a final agreement. […]

China's Cheetah Mobile recently announced a strategic investment in social mobile advertising software provider Nanigans. Cheetah Mobile led the second round financing, and Nanigans will reportedly gain USD24 million from its financing. With the investment Cheetah Mobile realized another important deployment in the mobile sector. Fu Sheng, chief executive officer of Cheetah Mobile, said that […]