Extra police called in to control grief-stricken relatives massed at a Shanghai government office
2015-06-02
Former Fed chief criticises US lawmakers’ refusal to give Beijing more clout in institutions
2015-06-02
Hangzhou-based mobile app maker Mishi, which allows users to eat at people's homes, has completed US$15 million series B financing round led by Sequoia Capital, according to Chinese media reports. Existing investor Morningside Ventures also participated. Launched in March 2015, Mishi currently has 15,000 registered chef users in 300 Chinese cities. Its app are similar […]
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2015-06-02
Mandarin Capital Partners, a private equity firm focused on China-Europe cross-border deals, has teamed up with Hong Kong-listed Zoomlion Heavy Industry Science and Technology Co., Ltd to acquire 75% of Italian waste treatment firm Ladurner Ambiente S.p.A for €75 million (US$82 million), according to a securities filing. Changsha-based construction machinery and sanitation equipment maker Zoomlion […]
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2015-06-02
Xie Zhichun, executive director and president of Central Huijin Investment Limited, has left the firm, according to an announcement. Ding Xuedong, who was appointed as China Investment Corporation (CIC)'s chairman and CEO in July 2013, says the firm appreciates Xie's contributions during his tenure, including pushing forward Central Huijin's reform and enhancing the work of […]
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2015-06-02
China’s manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, picked up modestly to 50.2 in May, from 50.1 in the prior month. In the meantime, the HSBC China flash PMI also edged up to 49.1 in May from 48.9 in April. "The improvement of both PMIs is due to the recent pro-growth […]
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2015-06-02
As China's stock market continue its seemingly unstoppable rally, investors should become more cautious and watch out for excessive risks in the market, says a research report by BofA Merrill Lynch Global Research. The bank has favored Chinese stocks since August 2014 when investor angst about corporate defaults and the property market was high, while […]
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2015-06-02
Hong Kong-based real estate private equity firm Gaw Capital Partners has bought a portfolio of real estate projects in Vietnam from a company named Indochina Land Holdings 2 Limited for US$106 million, according to a company announcement. The portfolio is comprised of Indochina Plaza in Hanoi, Hyatt Regency Danang, and two additional land development projects […]
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2015-06-02
Eastern Star capsized with 458 on board after crew reported a sudden storm
2015-06-02
Tianjin Changda Advertising Co., Ltd., an advertising agency with exclusive rights to sell ads on China's high-speed rail system, has received RMB100 million (US$16 million) series A+ round of financing from Shenzhen Huijinquan Capital, according to an announcement posted on its Weibo account. The investment follows an undisclosed amount of series A round led by […]
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2015-06-02
Following China's import tariff rate reduction, two international cosmetics brands L'Oreal and Estee Lauder announced that they will lower their product prices in the Chinese market. On May 25, 2015, China's Ministry of Finance announced that starting from June 1, the country will lower import tariff rates of daily consumer products, including clothing, shoes, skin […]
2015-06-02
Chinese P2P (peer to peer) lending platform Touna has completed RMB150 million (US$24 million) series B round of financing from Liaoning Dajin Steel Structure Engineering (Group) Co., Ltd., according to a company announcement. In June 2014, Touna completed series A round of financing worth up to RMB100 million from the direct investment arm of GF […]
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2015-06-02
China's X86 server market scale reached USD1.6 billion, a year-on-year increase of 23%, according to a report from market research firm Gartner. Inspur, Dell, and Lenovo ranked the top three in this market. Statistics from Gartner show that during the first quarter of 2015, the global server market saw obvious growth with shipments of 2.67 […]