Blue Whale Energy Limited, a Beijing-based investment firm focused on the acquisition of upstream oil and gas properties in the United States and Canada, says its subsidiary has closed a transaction to acquire oil assets in Texas from Tall City Exploration LLC for US$1.08 billion, according to a company announcement. Tall City Exploration was a […]

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.

China Mobile Games & Entertainment Group Ltd. (CMGE), a Guangzhou-based mobile game developer taken private by a group of investors in August, is planning to list in Shenzhen via a reverse merger. Shenzhen-listed auto parts maker Zhejiang Century Huatong Group Co. revealed in a stock exchange disclosure that it plans to purchase China Mobile Games […]

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.

‘Orphaned’ kin of only children seek more monetary support

Six months after Qihoo 360 Technology Co. Ltd. received a preliminary non-binding proposal from its founder and a group of investors to take the New York Stock Exchange-listed company private, the parties are close reaching a definitive agreement, moving one step closer toward the finishing line. Even though there were rumors during the summer that […]

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.

Beijing-based fresh produce e-commerce start-up 1Mxian has completed US$15 million pre-B round of financing from Beijing Kunlun Technology o., Ltd., a Shenzhen-listed Chinese Internet services firm, says Chinese media reports. Beijing Kunlun will take 15% of the company after the completion of the round, and will join the company's board. Founded in 2014, 1Mxian currently […]

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.

Shanghai, China, December 2, 2015 /ChinaNewswire.com/ – The world’s leading hotel company, InterContinental Hotels Group (IHG), and the Shanghai EXPO Co., Ltd (SEC), announced the development of the InterContinental Shanghai National Exhibition and Convention Center today. The hotel will be an integral part of the National Exhibition and Convention Center (Shanghai) (NECC) — the world’s … >>>

Chinese Internet and mobile Internet security company Cheetah Mobile announced a strategic deal with Yahoo for mobile search and native advertising platform partnerships. With the cooperation, Cheetah Mobile will integrate Yahoo's "search in Apps" function into its various products, which will allow its users to enjoy Yahoo's latest Buzz search tool as well as other […]

Weak manufacturing is no need to panic because services are growing

Attacks said to continue despite pledge to stop economic hacking

If US imports fall, its interest in a stable Middle East will shrink as that of China and India rises