A Chinese fund company averts default after reaching a last-minute agreement to repay investors in a soured $500m high-yield investment trust
2014-01-27
Shenzhen-listed Shanghai Kehua Bio-engineering Co., Ltd. says that FountainVest Partners has acquired a 19.44% stake in the company for RMB1.6 billion ($264 million), according to a securities filing dated January 26. FountainVest is to buy 75.57 million shares from four existing shareholders of Shanghai Kehua. The private equity firm will also acquire an additional 25 […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-01-27
Beijing-based Chinese after-school tutoring services firm TAL Education Group says it has acquired a minority stake of Chinese pregnancy and parenting portal operator Babytree Inc. for $23.5 million, according to a joint announcement. Founded in 2007, Beijing-based Babytree operates Babytree.com and related mobile apps. "(Babytree) will help us gain insight into early childhood development and […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-01-27
Mainland Chinese tourists in Hong Kong can tote their mobile phones to make point-of-sale retail purchases at hundreds of retail outlets. Chinese third-party Internet payment company Alipay.com announced that the company has launched its Alipay Wallet service, mobile payment with QR codes, in 336 OK convenience stores, 90 Bonjour cosmetics stores and 10 Giordano apparel […]
2014-01-27
News about U.S.-based electric vehicle designer and maker Tesla and its China plans have been coming in fast the past few months as the company revs up for China growth. The company announced the retail price of its Model S for the Chinese market, which starts from CNY734,000 for a 85kWh electric car. Tesla said […]
2014-01-27
Hostilities rise with Chinese missive over latest US moves to prevent sale of low-priced panels
2014-01-27
Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, "nuomi" means "sticky rice". Launched on June […]