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

Strict rules on party figures’ families do not appear to address some common abuses of power

Chinese private equity firm JD Capital plans to invest RMB2 billion (US$322 million) to set up its own P2P (peer to peer) lending platform named Jiuxin Finance, joining the already red hot Chinese Internet finance sector, according to Chinese media reports. The move follows JD Capital's announcement in April to establish a commercial bank. The […]

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Beijing-based online video firm Leshi Internet Information & Technology Corp.’s sports affiliate has completed over US$100 million new round of financing from undisclosed investors, according to media reports. The round values the affiliate, Letv Sports Culture Develop (Beijing) Co., at approximately US$450 million. The company plans to use the proceeds to purchase more content for […]

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Hangzhou-based Chinese online and mobile advertising firm Panshi has completed US$200 million series B round of financing led by Shanghai-based NewMargin Ventures, according to Chinese media reports. WI Harper Group, JD Capital, Fang Fund Partners, and Shanghai Lefeng Investment also participated in the round. The round reportedly values the company at US$1 billion, according to […]

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.

Entry into IMF’s SDR basket would boost country’s geopolitical ambitions

Entry into IMF’s SDR basket would boost country’s geopolitical ambitions

Global mobile games revenue will grow from US$29 billion in 2015 to US$45 billion by 2018, and Asia is likely to take over 50% of the industry's revenue worldwide in three years, says a research report by investment advisory firm Digi-Capital. The industry's 15% annual growth means great opportunity for mobile game leaders, but will […]

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Private equity firm KKR & Co. is selling down its stake in Hong Kong-listed equipment leasing firm Far East Horizon to raise approximately US$200 million in a share placement, according to media reports. KKR is selling 195 million shares, lowering its stake to 12% from 17.9% previously. After the sale, KKR is subject to a […]

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.

American sportswear provider Under Armour has opened a new experience store in western China at the Chongqing Longfor Paradise Walk. This is Under Armour's third experience store in the Chinese market. In October 2013, the company opened its first Chinese experience store in Jing An Kerry Centre, Shanghai; and at the end of 2014, the […]

Allegations against Chinese anti-virus company Qihoo 360 are doing little to quell fears about using Chinese security software. At least three of the world's top testing laboratories — Virus Bulletin, AV-Comparatives and AV-Test Institute — have revoked certifications for Qihoo 360's products because of the cheating. The bodies stated that Qihoo 360 provided one set […]

Chinese anti-virus and security company Qihoo 360 has been falsifying test results for its critical software. At least three of the world's top testing laboratories — Virus Bulletin, AV-Comparatives and AV-Test Institute — have revoked certifications for Qihoo 360's products because of the cheating. The bodies stated that Qihoo 360 provided one set of results […]

Report on HK-based business network adds to calls for offshore front companies ban

Taiwan's Hon Hai and Japan's NEC have reached a cloud computing deal covering China and other Asian countries. Hon Hai and NEC's cloud computing centers for big data are located in Taiwan's Kaohsiung and mainland China's Guiyang, respectively. The two parties' cloud computing business will be reportedly launched at the end of 2015, targeting corporate […]

Government reform of the unloved hukou system proves difficult