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

A key component of the sectarian competition between Shia and Sunni Islam in the Middle East is geopolitical, with Iran facing off against Saudi Arabia and its Gulf allies in a struggle for regional dominance. And yet, messy as it is, the long-term out…

Move to bring onshore and offshore renminbi rates closer may be linked to SDR requirements

Planned line to disputed isles only accepts Chinese passengers with no history of subversion

Planned line to disputed isles only accepts Chinese passengers with no history of subversion

travelAs if the Chinese on-demand ride market is not crowded enough, Qunar.com is eyeing to carve out a piece of the action for itself after expanding its new on-demand ride unit to cover 68 cities in China and 89 international locations. Only five months old, Qunar's owns and operates the several hundred thousand cars and […]

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TeslaTesla Motors has reportedly signed a non-binding memo of understanding with Jinqiao Group, a government-owned entity in Shanghai's Pudong district, on a US$9 billion joint venture to build its first production facility in China. The 50-50 joint venture will likely include a nationwide dealership network, Superchargers, research and development center and potentially a second Gigafactory, […]

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healthcare0094eerBeijing-based CASH Capital (Beijing) Investment Management Co, Ltd., an investment arm of the Chinese Academy of Science Holdings, and Legend Capital have led a series B round worth tens of millions RMB in a medical device supply chain service provider. According to Chinese media reports, Northern Light Venture Capital, Aeon Life, Frontline Bioventures and Blue […]

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urworkUrWork, a start-up providing co-working space to individuals and small companies, has completed a RMB300 million (US$46 million) pre-B round from Chinese commercial property developer Yintai Land and Zhongrong International Trust Co., Ltd. The latest financing came about three months after the young start-up's series A+ round of RMB200 million (US$31 million) from Gopher Asset […]

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There are signs Beijing is making Chinese regulators adopt a joined-up approach to corporate debts

angel-investorShenzhen Bay Super Angel Fund, an angel investment vehicle initiated by state-owned Shenzhen Investment Holding Co., Ltd and led by Shenzhen Bay Technology Co., Ltd, has been established with TopoScend Capital, Fortune Venture Capital and Green Pine Innovation as venture backers. The market-oriented investment fund will make direct early stage investments including angel and Pre-A […]

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Attitudes shift amid warmer views of China and fears of Trump presidency

healthcarepp0o00The Carlyle Group has appointed Jesse Wu, former chairman of Johnson & Johnson China and former worldwide chairman of the Johnson & Johnson Consumer Group, as a senior advisor to the group’s Asia buyout team. "Having been in the healthcare industry for almost three decades, I see fundamental changes happening in this space, ranging from […]

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fundraisingfesfesAsian direct secondaries private equity firm NewQuest Capital Partners has completed the final close of its third dedicated secondary fund, NewQuest Asia Fund III, L.P., at over US$540 million in total commitments, according to a company announcement. A diverse group of pension funds, sovereign funds, insurers and financial institutions backed the fund, which had an […]

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WMT+JDWalmart has agreed to sell its fully owned Chinese e-commerce player Yihaodian to JD.com Inc. In return, the U.S. retail giant will receive a 5% stake in JD.com, which is recently valued at roughly US$1.5 billion. The deal is part of a wide ranging strategic alliance between Walmart and JD.com. China Money Network first reported […]

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World’s top turbine manufacturer faces saturated market at home

Turbine manufacturer Goldwind faces a saturated market

Smoking habit stubbed out as Beijing’s health drive and tax rises take effect

China and IndiaOver the past few months, China-based Alibaba has closed four enterprise e-commerce platform offices in India. According to reports in …