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

Chinese iron ore miner Hainan Mining Co., Ltd., 60% owned by Chinese conglomerate Fosun Group, is set to raise RMB1.9 billion ($310 million) in an initial public offering on the Shanghai Stock Exchange tomorrow, according to a regulatory filing. The company plans to sell 187 million shares at RMB10.34 per share. Its shares will begin […]

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American electronics retailer Best Buy finally bids farewell to its failed China experiment as it sells some of its assets to a Chinese firm. Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter. Best Buy said the […]

China's exports expanded 4.7% to US$211.7 billion in November, significantly lower than an 11.6% increase in October, according to data released by China's General Administration of Customs. Imports also missed market expectations, declining 6.7% in November to US$157.2 billion, indicating weak domestic demand for commodities. This led to another significant trade surplus of US$54.5 billion, […]

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Shenzhen-based installment payment e-commerce platform Fenqile has completed undisclosed series B round of financing led by DST Global, an investment firm founded by Russian businessman Yuri Milner, according to Chinese media reports. Existing investors China Renaissance K2 Ventures, Matrix Partners China, and Bertelsmann Asia Investments also participated. The financing round amounts to as much as […]

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The three most senior figures caught up in corruption scandals

Some 266,000 party members have been arrested or punished in an anti-corruption campaign

Beijing-based Chinese security software firm Kingsoft Corporation Limited says it plans to establish a RMB200 million (US$33 million) fund to invest in intellectual properties in China, according to a regulatory filing. The fund will be jointly established by a subsidiary of Kingsoft, a subsidiary of Chinese smartphone maker Xiaomi Inc., and another entity connected with […]

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China’s golden tale of toilets

In a prolonged bidding war to acquire French holiday firm Club Méditerranée that has lasted for a year and half, Global Resorts SAS, a subsidiary of Investindustrial Group run by Italy's Bonomi family, has raised its offer to €24 a share, valuing the French holiday firm at around €915 million. The sweetened proposal came just […]

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Beijing-based Chinese business wifi service provider WiWide Inc. has completed RMB300 million (US$49 million) series C financing from Tencent Holdings Limited and Shanghai-based Yelp-like review website Dianping.com, according to an announcement posted on the company's official Weibo account. The company's management team will remain the largest shareholder after this round of financing, says the statement. […]

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San Diego-headquartered genome mapping firm BioNano Genomics, Inc. says it has completed US$53 million series C financing led by Legend Capital and Novartis Venture Fund, according to a company announcement. Federated Kaufmann Fund and Monashee Investment Management participated in the round as new investors. Existing investors Domain Associates, Battelle Ventures and Gund Investment Corporation also […]

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China's Central Economic Working Conference (CEWC), a key meeting held once a year to set the tone for next year's economic development, may begin sometimes this week. During the meeting, the government is likely to lower its 2015 economic targets for GDP growth to 7.0% from 7.5% in 2014, and consumer price index (CPI) inflation […]

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Lower export growth damps hopes that domestic economic slowdown will be cushioned

China's exports rose 4.7% in November from a year earlier, much slower than an 11.6% rise in October and below expectations for an 8.2% increase in a Reuters poll. The country's imports fell 6.7% in November, well below October's 4.6% rise, and below expectations for a 3.9% increase. That left the country with a trade […]

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China has cut its 2020 shale gas production targets by more than half to 30 billion cubic meters, reflecting the difficult geology of its shale basins, higher drilling costs, water scarcity and the limited success domestic operators have had so far with shale blocks since 2011, says a Fitch Ratings report. Production has been low […]

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The author is Byron Wien, vice chairman of Blackstone Advisory Partners LP As we enter the final month of the year most of us can look back on 2014 and say it has worked out better than we had expected in January. Back then we were worried about the sluggish economy, the narrowness of a […]

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The next time travelers board an airline in China, they may expect more than just the Chinese government and airline companies to have access to private information as a recently discovered exploit may give flyers more indigestion than an inflight meal. Wooyun.org, a Chinese loophole reporting platform for security manufacturers and researchers, published a loophole […]

Gina McCarthy, EPA chief, rejects Republican criticism