Beijing foiled by booksellers’ centuries-old trade
2016-06-20
Healthcare-focused investment firm OrbiMed Advisors LLC has teamed up with Shanghai Runda Medical Technology to take Canada-listed clinical equipment producer Response Biomedical Corp. private in a deal valued at C$11.1 million (US$8.6 million). The buyers will acquire all of the issued and outstanding common shares of Response Biomedical for C$1.12 apiece in cash, which represents […]
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.
2016-06-20
A more cautious tone among big lenders could reflect growing concern about credit risk
2016-06-20
Latest dispute comes as The Hague set to rule on case over China’s maritime claims
2016-06-20
Years of opposition and growing ranks of pet owners prompt groundswell of public opposition
2016-06-20
At least some Britons, and many other EU citizens, still want future generations to come to think of themselves as Europeans. And they are right to think that the world would be a far better place with a united, democratic Europe as a major force for b…
2016-06-20
JD.com Inc. is rumored to have agreed to acquire Yihaodian, a Chinese e-commerce platform owned by Wal-Mart Stores, Inc., in a deal structured to establish a JD.com-and-Wal-Mart alliance to compete with rival Alibaba Group Holdings Ltd. According to Chinese media reports, JD.com emerged as the final taker of Yihaodian, for a reported price tag of […]
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.
2016-06-20
China has selected certain financial institutions to participate in a trial program to buy and sell banks' non-performing loans, in an effort to streamline the process of handling commercial banks' ballooning bad debt. The China Securities Regulatory Commission revealed the trial program in January, aiming to use securitization and transfers of non-performing assets to help […]
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.
2016-06-20
Baidu Inc. has poached a former executive Huang Shuang from Lufax, the Internet finance arm of Ping An Insurance Company of China, Ltd., to lead its consumer finance business in its newly established financial services group, according to Chinese media reports. Huang Shuang will become the vice president in charge of consumer finance businesses and […]
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.
2016-06-20
Shenzhen has become the world's capital of drones, taking up a 70% market share of the global consumer drone market with over 300 drone companies located in the coastal city with combined annual sales of RMB20 billion (US$3 billion). According to a report by National Business Daily, there were over 400 drone makers and research […]
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.
2016-06-20
NewMargin Ventures has led a RMB70 million (US$10.7 million) series A round of financing in Flowerplus, a Shanghai-based start-up that provides regular flower delivery service directly to consumers' homes. Guanghe Venture, Telescope Investment and Harmony Invest also participated, says a company announcement (in Chinese). Founded in 2015, Flowerplus previously raised pre-A round from Telescope Investment, […]
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.
2016-06-20
Case brought by the Philippines challenges some of China’s maritime claims
2016-06-20
Chinese drug maker Shenzhen Hepalink Pharmaceutical plans to invest US$60 million in TPG Biotechnology Partners V, L.P., which mainly targets biomedical technology and life science companies, the company announced in a statement (in Chinese). In December 2014, Shenzhen Hepalink Pharmaceutical committed US$22 million to TPG Capital's previous biotech fund, TPG Biotechnology Partners IV, L.P. TPG […]
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.
2016-06-20
Chinese Internet company Tencent has launched a customer relationship management product named Tencent Qidian that integrates the company's various social …
2016-06-20
But the US must ratify international rules if it is to exert pressure
2016-06-20
Chinese search engine company Baidu announced that they have reached a strategic deal with the Tourism Authority of Thailand. The …