Move comes after Kunming knife massacre spawns false reports posted on Weibo, the Chinese equivalent of Twitter, about similar incidents or threats
2014-03-07
Birmingham City FC’s main shareholder, who enjoyed meteoric rise to fortune, has dramatic fall from grace after being found guilty of money laundering
2014-03-07
UN Secretary-General Ban Ki-moon has sent an urgent letter to government leaders around the world asking them to attend a climate summit in New York in September. Though recent history suggests that the summit’s chances of success are slim, there are several reasons to be optimistic.
2014-03-07
Japanese Prime Minister Shinzo Abe has instructed a committee of historians to reevaluate the government’s 1993 apology to the military's World War II-era sex slaves. At a time when Japan’s relations with China and South Korea already strained, rescinding the apology would make matters many times worse.
2014-03-07
Russia's invasion and occupation of Ukraine is a blatant attack on the principles of state sovereignty, inviolability of negotiated borders, and adherence to multilateral agreements that underpin today’s rule-based international system. Countering Russia’s aggression is thus the responsibility of all who would uphold that system.
2014-03-07
Shanghai-based digital advertising solution provider Avazu Inc. has raised $48 million in series A financing, according to Chinese media reports. Gaorong Capital led the round. An undisclosed U.S.-based Internet-focused private equity fund and a group of unnamed Internet companies also participated. The company says it will use the proceeds to accelerate research and development activities, […]
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.
2014-03-07
Beijing-based social ticketing platform Huodongxing.com has raised tens of millions of U.S. dollars in series B financing, according to Chinese media reports. SAIF Partners led the round. Existing investors Qualcomm and DCM also participated. The company previously received several millions U.S. dollars series A funding from Qualcomm and DCM in 2011. Founded in 2011, Huodongxing […]
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.
2014-03-07
China Mobile and South Korea's KT formally announced the launch of 4G international roaming services covering data roaming and voice roaming. The international data roaming service can provide 4G high-speed data experience to users of both parties when they visit each other's country. The international voice roaming service currently adopts the mainstream CSFB technology and […]
2014-03-07
Shanghai Chaori Solar, a small Chinese solar power company, defaults on a $14.6m bond with no sign of a government-led bailout
2014-03-07
Chinese dairy company Yili announced that the company is cooperating with Wageningen University and Research Center in the establishment of a research and development center in the Netherlands, aiming to expand its global food cooperation results. It is reportedly the first time for a Chinese dairy company to establish an overseas R&D center in the […]
2014-03-07
Chinese mainland smartphone maker Xiaomi has started selling its latest-generation product Mi3 in Taiwan by cooperating with Chunghwa Telecom and Far EasTone Telecommunications. The suggested retail price for Mi3 is NTD9,999, which is about CNY2,000, and this product has been available on Xiaomi's Taiwanese official website from late February 2014. Meanwhile, the contracted products binding […]
2014-03-07
Chinese telecom device maker Huawei has launched the world's smallest operation-level router named the Atom Router. About the size of a finger, Atom Router can be deployed on any cloud server nodes or devices on an existing network which do not need any transformation. It can help realize visualization and management of an IP network, […]
2014-03-07
The leverage levels of some Chinese property developers will increase in the next 12 months after they made aggressive land acquisitions last year, but massive liquidity problems are unlikely, says Standard & Poor's Ratings Services in a report. "Our ratings on these developers may face downward pressure as their debt increases may have outpaced property […]
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.
2014-03-07
Beijing-based private medical services provider iKang Goubin Healthcare Group has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) on NASDAQ to raise as much as $150 million, according to a regulatory filing of the company. Ikang previously received several millions U.S. dollars investment from WI Harper Group and Shanghai […]
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.
2014-03-07
The fundraising environment is becoming increasingly challenging for Fund of Funds (FoF). In 2013, only 72 FoFs were able to raise a total of $12 billion, compared to 87 funds collecting a total of $16 billion in 2012, according to private equity research firm Preqin. These numbers are a stark contrast to the fundraising record […]
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.
2014-03-07
Kohlberg Kravis Roberts & Co. (KKR) is expanding its energy & infrastructure team in Asia with the addition of two senior executives to the region. Tony Schultz, former managing director at Australian energy investment firm EIG in Sydney, has been named KKR's managing director. Schultz previously focused on energy, metals and mining investments in Asia […]
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.