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

Distraught relative disrupts press conference as local officials detain journalists

NASDAQ-listed outdoor advertising and transit wifi provider VisionChina Media Inc. has agreed to received US$11.5 million investment from Baidu Inc. and two Chinese private equity investors, according to a company announcement. The investment will be done through share subscriptions by the investors, which also includes Guangdong Zhongke Baiyun New Industry Venture Investment and Dongguan Zhongke […]

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Guangzhou-based Iwode Tailor, an online and offline platform providing custom clothing for men, has completed RMB150 million (US$24 million) series B round of financing led by Legend Capital, according to Chinese media reports. IDG Capital Partners also participated in the round. No information is available for the company's previous funding rounds. Iwode Tailer currently provides […]

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.

Didi Kuaidi, a company that combines two leading Chinese taxi-hailing app makers Didi Dache and Kuaidi Dache, has established a strategic partnership with Beijing Automotive Industry Group Co., Ltd. (BAIC) to cooperate on areas including self-driving cars and new energy vehicles, the two companies announced during a press conference in Beijing yesterday. The companies will […]

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.

If you are ever going to take stock tips, make sure to attend the Sohn Conference. Now in its 20th year, the Sohn Conference has featured some of history's most successful hedge fund managers, including Carl Icahn, David Einhorn, and Paul Tudor Jones. These billionaire investors share real, actionable investment ideas with the audience 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.

Net 1 UEPS Technologies Inc. has acquired a 43.88% interest in Transact24 Limited, a specialist Hong Kong-based payment services company. T24's primary business activities include Chinese debit card acquiring, and the company has processing relationships with China UnionPay, AliPay and five other Chinese gateways. "We are delighted to have Net1 as a significant shareholder in […]

U.S.-based Celanese Corporation is facing a hard decision because of mounting methanol prices. The company says it will increase list and off-list selling prices for acetic acid and acetic anhydride in view of the recent rapid increase and continued volatility in China methanol prices. The price increases below will be effective immediately. The company's acetic […]

Chinese e-commerce behemoth Alibaba Group Holding Limited is investing nearly USD194 million into a Chinese financial news media company. Alibaba Group signed a strategic agreement with Shanghai Media Group to leverage both companies' Internet technology and media resources to penetrate China's financial information services industry. Alibaba Group intends to invest CNY1.2 billion into China Business […]

Chinese Internet video company Letv.com, which established its Asia Pacific headquarters in Hong Kong in August 2014, now plans to invest HKD6 billion in Hong Kong in the next three years to build the largest Internet movie and TV entertainment platform in Asia. The company will produce TV series in Hong Kong and plans to […]

Yang Yuanqing, chairman and chief executive officer of Lenovo Group, announced via an internal email that Liu Jun, executive vice president of Lenovo Group, president of mobile business group, and president of Motorola Mobility management committee, will depart the company. Meanwhile, Chen Xudong will replace Liu's roles, effective immediately. The email did not disclose Liu's […]