Shenzhen-based Chinese video service provider Xunlei Limited has raised US$88 million by offering 7.3 million shares at US$12 apiece on the NASDAQ. The company is trading under stock symbol XNET. The IPO size is slightly lower than the US$100 million the company estimated in a securities filing submitted in May, but both the final share […]

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.

Yantai, Shandong Province-based Chinese drug-maker Luye Pharma Group has priced its Hong Kong IPO, planning to sell 999.6 million shares at HK$5.38 to HK$5.92 each, according to media reports. This means the IPO will raise as much as US$764 million, slightly higher than previously estimated US$750 million. The IPO has already secured six cornerstone investors, […]

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.

Beijing-based private equity and venture capital firm CDH Investments has teamed up with Chinese pharmaceutical firm China Grand Pharmaceutical and Healthcare Holdings to acquire 71.25% of Shanghai Weicon Optical Co., Ltd. for a total of US$78.75 million, according to an announcement. China Grand Pharmaceutical has agreed to purchase a 52.25% stake at US$57.75 million. CDH […]

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.

The conventional wisdom is that economic growth has led Latin America into a trap, with citizens’ expectations rising faster than governments’ ability to fulfill them. But few expected discontent to threaten the region's most competent leader, Colombia's Juan Manuel Santos, or one of its most revered traditions, Brazilian soccer.

Shia and other non-Sunnis in the path of the marauding Islamic State in Iraq and Syria have plenty of reason to fear mass atrocities. But it would be premature to conclude that violence against the defenseless has already occurred – or is imminent – on the scale necessary to justify outside military intervention.

The Transatlantic Trade and Investment Partnership, currently the subject of intense negotiations between the EU and the US, is making big waves. In order to ensure that the TTIP benefits consumers on both sides of the Atlantic, those negotiating it mu…

Shanghai-based Chinese venture capital firm Lightspeed China Partners says that it has completed the first and final closing of Lightspeed China Partners II, L.P. with total committed capital of US$260 million, exceeding the firm's target of US$220 million, according to a company announcement. The firm's second fund plans to invest exclusively in China-based businesses with […]

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.

The HSBC Flash China Manufacturing Purchasing Managers' Index (PMI) came in at 50.8 in June, showing the highest reading since November. It was the first time this year the reading reached above the 50-point level that separates expansion in economic activity from contraction. "This month's improvement is consistent with data suggesting that the authorities' mini-stimulus […]

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.

The flip side of a reputation for ostentatious opulence is a taste for thrift, which is just what the phenomenon needs

American faucet maker Pfister held its brand launch event in Shanghai to mark the entry of this classic bathroom supplies brand into the Chinese market. Founded in 1910, Pfister is a leading brand in the bathroom and kitchen supplies industry. It claims to be the first company to use ceramic cartridge technology on all of […]

Because Chinese manufacturers have a poor overseas reputation for creating shoddy goods and the Chinese government has been criticized for not doing enough to halt fake products, Chinese e-commerce giant Alibaba is now trying to cull counterfeit goods from its own websites. Alibaba announced on its English blog that the group's international B2B website Alibaba.com […]