The US and its allies are to be congratulated for getting to yes with Iran on reining in its nuclear program. But the deal is less good than the one that could have been reached a decade ago – a point worth keeping in mind as the likes of former Vice Present Dick Cheney and Israeli Prime Minister Binyamin Netanyahu sound off.
2015-07-16
First-half profit alert is about more than the oil price
2015-07-16
For the iron ore market to improve, production cuts must hold and demand recover or stabilise
2015-07-16
China Investment Corp. has partnered with European real estate investment manager AEW Europe to acquire ten shopping centers in France and Belgium from CBRE Global Investors for €1.3 billion (US$1.42 billion), according to a company announcement. The portfolio includes two dominant prime shopping centers in Belgium, Waasland and Wijnegem, which are both located near the […]
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.
2015-07-16
The freshly-minted Hong Kong-based mobile operating system company Acadine Technologies is hoping to make room for itself among the ubiquitous of Android and iOS devices. The company says it received USD100 million in its first round financing from China-based Tsinghua Unigroup International. Acadine is so new, that only yesterday, July 15, did it register and […]
2015-07-16
Beijing-based online recipe and cooking platform Xiachufang has completed series B round of financing led China Growth Capital, according to Chinese media reports. JD.com Inc., as well as existing investors TBP Capital and Ceyuan Ventures also participated in the round, which reportedly totaled US$30 million. Launched in 2011, Xiachufang, which means go to the kitchen […]
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.
2015-07-16
Shenzhen-listed clothing brand Fujian SeptWolves Industry Co., Ltd. plans to launch a RMB1 billion (US$160 million) investment fund to acquire emerging fashion brands and integrate its online and offline retail channels, according to a regulatory filing. The capital for the new investment vehicle comes from the proceeds of the company's initial public offering, which raised […]
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.
2015-07-16
Nanjing city-headquartered youth fashion publishing and e-commerce company Yoho! has raised US$100 million series D financing led by Shenzhen Fortune Venture Capital, according to Chinese media reports. China Media Capital, Telescope Capital, as well as existing investor CDH Investments and Vertex Venture Holdings also participated. No information is available on the company's previous funding rounds, […]
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.
2015-07-16
Shanghai-based exercise mobile app maker Ran has raised US$15 million series A round of financing from BlueRun Ventures and Redpoint Ventures, according to Chinese media reports. Launched one months ago, Ran provides users flexible gym membership plans, workout lessons, private instructors, and built-in exercise programs. The company says it currently has partnerships with over 1,500 […]
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.
2015-07-16
Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received US$80 million series B+ financing round led by New Horizon Capital, according to an announcement posted on the company's Weibo account. Ally Bridge Group, GX Capital, as well as existing investors China Broadband Capital, China International Capital Corporation (CICC), IDG Capital, CDH Investments […]
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.
2015-07-16
China's GDP growth stayed flat at 7% year-on-year in the second quarter, helped by a notable pickup in the services sector, according to data released by the National Bureau of Statistics. Property sales grew strongly in June and the second quarter, but a sizable inventory overhang in most cities led to the continued double-digit contraction […]
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.
2015-07-16
Shanghai-based wealth management firm Jupai Holdings Limited has priced its initial public offering on the New York Stock Exchange at US$10 per American Depositary Shares (ADS), according to a company announcement. The company is to sell 5.3 million ADSs to receive total gross proceeds of US$44 million, as around 900,000 ADSs are being sold by […]
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.
2015-07-16
Chinese web game and mobile game developer Ourpalm announced plans to invest USD2.3 million in Animoca Brands, which is known for developing Garfield-themed mobile game. According to the agreement signed between Ourpalm and Animoca Brands, Ourpalm invested USD2.3 million in Animoca Brands and Animoca Brands will issue 11.11% shares to Ourpalm. With this transaction, Animoca […]
2015-07-16
Tsinghua Unigroup Co., Ltd., controlled by China's Tsinghua University, has agreed to invest US$100 million in a mobile operating system start-up founded by Mozilla Corp.'s former China head, according to a company announcement. Acadine Technologies, founded in May by former chairman and CEO of Mozilla's China operations Gong Li, who is also a Tsinghua alumnus, […]
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.
2015-07-16
An official from the government of Vietnam revealed that their related department has cancelled the investment license issued to Taiwan's Foxconn Group for the construction of a USD200 million mobile phone plant in Vietnam. Nguyen…
2015-07-16
Propping up stock market has hurt country’s reputation, says Larry Fink