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

An undercover investigation of unhygienic practices and relabelling of expired meat has led to the closure of a giant meat processing plant near Shanghai that supplied KFC, McDonald’s and Starbucks

Northern Europe private equity firm EQT Partners has acquired a majority stake in Hong Kong-based immigration compliance and credential verification service provider Dataflow from its founders, according to an announcement made by EQT. Specific terms of the investment were not disclosed. But the founders and management team of Dataflow will remain significant minority shareholders after […]

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.

San Diego-based wireless telecommunications firm Qualcomm Incorporated says it has made a commitment to invest up to US$150 million in Chinese start-up companies across all stages, according to a company announcement. Qualcomm will invest in Chinese companies that further the development of mobile technologies in the Internet, e-commerce, semi-conductor, education and health. Qualcomm Ventures, the […]

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.

Hong Kong-based Chinese pork producer WH Group Ltd. has priced its Hong Kong initial public offering, planning to sell 2.6 billion shares at HK$6.20 apiece to raise a total of HK$15.9 billion (US$2 billion), according to a securities filing of the company. The IPO size is significantly lower than its original target of over US$5 […]

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.

San Francisco-based cloud and mobile commerce firm Deem says it has completed a US$50 million new round of financing led by China-focused middle-market private equity firm Hony Capital, according to an announcement made by Deem. Deem says it will use the funds to accelerate its network growth, expand its businesses globally and make acquisitions. The […]

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.

China’s rise has made the world increasingly disinclined to tolerate the instability caused by a US dollar-denominated system. The solution, however, lies not in replacing the dollar with the renminbi, but in strengthening the role of the world’s only truly global currency: the IMF’s Special Drawing Rights.

Summer is normally a time to take a break from the risks and worries of everyday life, and perhaps to take stock of where we are and where we are heading. But this is increasingly difficult, because our everyday lives are becoming so much riskier and m…

Five Star Appliance, Best Buy's subsidiary in China, is launching a strategic transformation and plans to add 11 new flagship stores before the end of 2014. The news of the company's expansion is reportedly a response to the recent rumor that Best Buy would sell its assets and withdrew from the Chinese market. Prior to […]

Chinese Internet payment service provide Alipay has reached a deal with American online payment company Stripe to provide enhanced overseas shopping payment experience to Chinese users. With the cooperation, Alipay's Chinese users will be able to complete payment at overseas vendors who can accept payment via Stripe. Patrick Collison, co-founder and chief executive officer of […]

Chinese electronics and home appliances maker Haier Group gained an order of 100,000 laptops for Pakistan's Prime Minister Youth Programme. Haier Group's contract with the Pakistani government to provide 100,000 laptops for the country's Prime Minister Youth Programme is valued at about CNY250 million. This program reportedly covers a period of five years. The Prime […]