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

Regulators ‘open the front door, close the back door’ to avoid choking off liquidity

The turmoil on China’s stock markets threatens to spread to the property sector

Chinese mobile marketing platform Mobvista has raised RMB200 million (US$32.21 million) from a media fund launched by Shanghai Media Group and Chinese online video platform Mango TV, according to Chinese media reports. The company says it will use the proceeds to expand internationally and to strengthen its mobile marketing and game distribution channels. Founded in […]

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Chinese conglomerate steps up efforts to diversify from real estate

Equities rise for third straight session despite regulator clampdown on margin lending

Positive second quarter provides boost amid stock market turmoil

China-focused distressed debt investment firm Shoreline Capital Management has teamed up with Los Angeles-headquartered Oaktree Capital Group to acquire Chinese non-performing loan (NPL) for US$168 million, according to media reports. Shoreline Capital is reportedly contributing 51% of the deal value, while Oaktree will commit the remaining 49%. Representatives at both firms did not respond to […]

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China's exports in rose 2.1% year-on-year in June, compared with a decline of 2.8% the prior month, according to data published by the General Administration of Customs. Export numbers are above market consensus of a 1.2% gain. During the first six months of the year, exports rose about 0.9% year-on-year in RMB terms. Imports dropped […]

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Chinese contract research and development services provider for the pharmaceutical industry WuXi PharmaTech (Cayman) Inc. says its small-molecule drugs manufacturing subsidiary is in the process to raise RMB499 (US$80 million) from 33 unnamed Chinese institutional investors, according to a company announcement. The unit, SynTheAll Pharmaceutical Co. Ltd., has agreed to issue 7.16 million new common […]

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Data suggest mom-and-pop share of total market cap is small

China's ZTE Corporation signed a memorandum of understanding with SoftBank Corporation to collaborate on research and development on Pre5G mobile communications networks technology. Under the MOU, the two companies will cooperate on R&D, evaluation and…

U.S.-based GE will build a new wind education center in Shenyang to offer a variety of training courses intended for GE field personnel, customer technicians, subcontractors and other external stakeholders. Total financial investment figures for the project were not released. The approximately 500-square-meter facility will be built on the same campus as GE's current manufacturing […]

SuperGroup, the parent company of British fashion brand Superdry, will soon reach an agreement with its Chinese partner to develop retail options for the Chinese market. At present, SuperGroup only has one flagship store locating…

Alibaba Health Information Technology Limited says it saw no profit as it published its annual performance report ended March 31, 2015, and revealed its future business direction. Alibaba Health made losses of HKD101 million, which was about CNY80 million, during the reporting period. Several sectors saw the largest expense increases, including sales and market promotions […]

Chinese online travel service provider eLong.com has appointed Jiang Hao as its new chief executive officer. The company also appointed Zhou Rong as chief strategy officer; and promoted vice president Gao Yan to senior vice president. Meanwhile, Cui Guangfu, former chief executive officer of eLong will continue to serve the company as a consultant. Jiang […]