The risk of Sino-American conflict has been growing recently, as China reinforces its claim to sovereignty over the Spratly Islands by dredging sand to fill in reefs and build islands. Despite rising tensions and posturing by both sides, properly manag…
2015-06-03
Alibaba Group Holdings has agreed to acquire a minority stake in Chinese business media firm, Shanghai China Business Network Co. Ltd. (CBN), according to Chinese media reports. The deal is reported to be worth as much as RMB3 billion (US$484 million), in which Alibaba would obtain a 30% stake of CBN via purchasing interests from […]
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2015-06-03
New York Stock Exchange-listed Chinese children's entertainment and media firm Taomee Holdings Limited says it has received a non-binding take-private proposal from the company's management team and a subsidiary of Orient Securities, according to a company announcement. The proposal letter, dated May 30, 2015, say that the company's chief executive officer Benson Haibing Wang, president […]
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2015-06-03
Beijing-based Chinese online travel search engine Qunar has received a strategic investment of US$500 million from private equity firm Silver Lake and another undisclosed investor, according to a joint announcement. The investment is in the form of 2% senior unsecured convertible notes with an inital conversion price of US$55 per American Depository Shares (ADS). Silver […]
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.
2015-06-03
Mass death sentences are usually associated with regimes like those of Adolf Hitler’s Nazis or Pol Pot’s Khmer Rouge. But Egypt’s military rulers have now joined the ranks of such regimes, staging circus-like trials in which the outcome is foreordained.
2015-06-03
Valley Forge, Pennsylvania-based index fund giant Vanguard says that it will include China A-shares to one of its emerging market funds, according to a company announcement. China A-shares will represent 5.6% of the new benchmark for the US$69 billion Vanguard Emerging Markets Stock Index Fund, which together with its ETF shares will be the first […]
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2015-06-03
Only 27 of vessel’s 458 passengers and crew accounted for after sinking in Yangtze river
2015-06-03
Shenzhen-listed Wanda Cinema Line Co., Ltd. has agreed to acquire 100% of Australia's second largest cinema chain, the Hoyts Group, for an undisclosed amount, according to a regulatory filing published today. Beijing-based Wanda Cinema Line, a subsidiary of Dalian Wanda Group Co., Ltd., did not say from whom it is to purchase the Hoyts Group. […]
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.
2015-06-03
Gone will soon be the joys of walking to a curbside stall in a Chinese city to squeeze and select fruits. Chinese fresh fruit and vegetable e-commerce provider Fruitday.com announced that the company has completed its series C financing of USD70 million. The investment will be used for the company's basic construction, team development, nationwide […]
2015-06-03
Chinese fresh fruit e-commerce provider Fruitday.com announced that the company has completed its series C financing of USD70 million. The B2C e-commerce giant JD.com led the investment, and SIG and Clearvue participated. According to Fruitday.com, the new investment will be used for its basic construction, team construction, nationwide business expansion, and upstream supply chain construction. […]
2015-06-03
The Internet of Things is expanding quickly in China, as Chinese Internet security provider Qihoo 360 and real estate developer Huayuan Group have now formed a strategic partnership to promote secure smart home services. Financial terms and organizational details of the new arrangement have not been released by either company. The firms will design and […]