Defence minister responds to reports that NSA snooped on Chinese telecommunications company by saying China will increase its cyber security
2014-03-27
NewQuest Capital Partners and Singapore's GIC Private Ltd. will make a partial exit from Beijing-based private medical services provider iKang Guobin Healthcare Group as the company seeks to raise as much as $175 million through a U.S. IPO, according to a regulatory filing of iKang. IKang filed earlier this month to sell approximately 10.9 million […]
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.
2014-03-27
Assets under management in Asia-Pacific are expected to rise to around $16.2 trillion by 2020, from a total of $7.7 trillion in 2012, according to a report released by global consultancy PricewaterhouseCoopers. The growth in the region's asset management sector will be driven by the rise in high-net-worth individuals and sovereign wealth funds. The likely […]
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.
2014-03-27
HSBC chief says possible default could ‘impose discipline' on the country’s shadow banking system as China seeks to slow the runaway growth in credit
2014-03-27
Guangzhou-based children online game developer and operator BAIOO Family Interactive Ltd. is planning an IPO in Hong Kong to raise as much as $237 million, according to a prospectus filed by the company. The company will issue 706 million new shares at HK$2.0 to HK$2.6 per share. BAIOO says it will use the proceeds to […]
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.
2014-03-27
Saudi Arabia’s recent decision to withdraw its ambassador from Qatar has revealed the gravity of the crisis in the Gulf Cooperation Council, composed of the Kingdom’s most immediate neighbors. Indeed, Gulf politics is shifting toward a new balance in the wake of the Saudi-UAE rapprochement and the recent attempt to isolate Qatar.
2014-03-27
Chinese security software provider Qihoo 360 and home appliances maker TCL announced that the two companies will help Chinese consumers fight the horrible pollution in many cities. The companies will cooperate in the launch of a smart Internet air purifier product named T3 Air Guard. This new product will reportedly be released on April 9, […]
2014-03-27
Zhang Dongchen, vice president of Baidu, announced at the 9th Global Mobile Game and Channels Conference that Baidu will integrate its Duokoo mobile game business with its 91 Wireless game business to formally establish a Baidu-branded mobile game division. Zhang said that following the integration, Baidu will assign staff to take charge of mobile game […]
2014-03-27
Shenzhen-based Internet company Tencent Holdings Ltd. has reached a strategic investment agreement with South Korea's gaming company CJ Games to acquire a 28% stake in the company for $500 million, according to a company announcement. Tencent will be the third largest shareholder in CJ Games after the transaction. CJ Games says it will use the […]
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.
2014-03-27
Three-day bank run was seen as a fresh sign of stress in the economy after China’s first true bond default and amid anxiety over the property market
2014-03-27
A group of investors led by Tsinghua Tongfang Co. Ltd. has acquired a 52.28% stake in Hong Kong-listed LED lighting manufacturer Neo-Neon Holdings for a total of HK$900 million ($116 million), according to a regulatory filing. Neo-Neon is to issue 1 billion new shares to Tsinghua Tongfang and other investors at HK$0.90 per share, representing […]
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.
2014-03-27
The risks within China's shadow banking sector can be controlled, says Stuart Gulliver, CEO and chairman of HSBC Holdings Plc, at a forum today in Hong Kong. "China faces other difficult choice, not the least from shadow banking," Gulliver says. "(But) we believe it's ultimately manageable." The total assets in the Chinese shadow banking sector […]
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.
2014-03-27
Chinese e-commerce website JD.com and top smartphone maker Coolpad announced that the two parties have reached a strategic cooperation agreement and signed a CNY10 billion procurement contract. Li Bin, executive vice president of Coolpad, said that the company previously sought opportunities to sell more directly to the Internet sector and tried the pre-sale model by […]
2014-03-27
GM dealt deftly with a fatal fault while Malaysia Airlines’ crisis has become a diplomatic disaster