Israel has been quick to criticize the Palestinian Authority's application to join the International Criminal Court as a provocation undermining any hope for peace. The truth is that it may be the PA, not Israel, that will come to regret the maneuver.
2015-01-15
The resurgence of non-bank-loan financing in December might suggest Chinese financial regulators have eased their grip on shadow banking activities in an effort to support growth, according to a BofA Merrill Lynch Global Research report. In December, new loans surprised on the downside while total social financing (TSF) surprised on the upside. The RMB697 billion […]
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.
2015-01-15
Shanghai-based P2P (peer to peer) lending platform DianRong says it has received a new round of financing from New York-based investment firm Tiger Global Management LLC, according to a company announcement. No details of the financing round are disclosed, but media reports say it could be worth tens of hundreds of million U.S. dollars. Founded […]
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.
2015-01-15
China’s largest state-owned asset management firm China Huarong Asset Management Co., Ltd. is planning to raise as much as US$3 billion in a Hong Kong initial public offering, according to media reports. The move came after regulators approved in August 2014 to let China Huarong to sell a 20.98% stake to a consortium of eight investor […]
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.
2015-01-15
China's new RMB loans reached RMB697.3 billion in December, lower than market consensus of RMB880 billion, according to data released by the People’s Bank of China. The total social financing aggregate number came in higher than expected in December, at RMB1.69 trillion, compared with RMB1.15 trillion in November. Outstanding total social financing rose to 15.8% […]
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.
2015-01-15
Chinese e-commerce giant Alibaba Group Holdings is planning to acquire a controlling stake in integrated Internet advertising platform AdChina Limited to expand its footprint in the digital advertising space, according to an official announcement AdChina posted on its Weibo account. No transaction details are disclosed. In 2012, AdChina filed for an IPO on the NASDAQ […]
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.
2015-01-15
Beijing to seed companies in part of wider effort to change the country’s economic model
2015-01-15
French Prime Minister Manuel Valls was not speaking metaphorically when he said that France is at war with radical Islam. Yet, like most wars, this one is about more than religion, fanaticism, and ideology; it is also about geopolitics, and its ultimat…
2015-01-15
Country’s 40m public sector employees no longer exempt from contributions
2015-01-15
Xiaomi today launched new devices including the Xiaomi Mi Note, an Android-powered phablet sporting 3D curved Gorilla Glass, a Snapdragon 801 2.5GHz processor, and a form factor that looks like an iPhone 6 clone. In fact, rumors in the past week that Facebook's planned investment in the Chinese phone maker were scuttled partly because of […]
2015-01-15
Shanghai-based hotel group Jin Jiang International Holdings Co., Ltd.'s planned acquisition of France-based Groupe du Louvre and its 100% indirect subsidiary Louvre Hotels Group from Starwood Capital Group has won the approval of Jin Jiang's board of directors, according to a regulatory filing. The deal, valued at €1.2 billion (US$1.49 billion), was first announced in […]
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.
2015-01-15
Beijing-based online education platform XueXiBao has completed US$20 million series B financing led by SoftBank China Venture Capital, according to Chinese media reports. Existing investors GSR Ventures also participated. The company says it will use the proceeds on product development and expansion. Launched in May 2014, XueXiBao provides test preparation database for middle and high […]
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.
2015-01-15
China's State Council has decided to establish a state venture capital fund with as much as RMB40 billion (US$6.5 billion) in capital to help support innovation and to upgrade its industrial sectors, according to a statement posted on the Chinese government's official website. The fund will utilize capital from the central government's fiscal budget and […]
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.
2015-01-15
Hangzhou, Zhejiang province-based Chinese taxi and private car hailing app maker Kuaidi Dache has completed US$600 million series D round of financing led by SoftBank Group, with participation from existing shareholders, Alibaba Group Holdings and Tiger Global Management LLC, according to a joint announcement. The financing round, which was speculated to be US$800 million, was […]
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.
2015-01-15
With growth now slipping across the region and rapidly falling oil prices pushing inflation lower, most policy makers are thinking about easing
2015-01-15
Chinese Internet portal NetEase.com announced the public testing of its cross-border e-commerce platform Kaola.com, which currently provides maternal and child products, food and health care products, cosmetics and personal care products, and overseas direct mail service. New users can directly login to the website with their NetEase accounts. The definite date for emergence from the […]