Contrary to popular belief, Israeli Prime Minister Binyamin Netanyahu is not just a cynical politician attempting to deflect attention away from domestic issues and the conflict with Palestine. His relentless effort to derail Western rapprochement with…
Having arrested stock market decline how do policymakers take a step back?
Singapore-based Global Logistic Properties (GLP) has launched a second China-focused logistics infrastructure fund to develop modern logistics facilities in China, according to a company announcement. The new fund, named CLF II, has secured US$3.7 billion in capital commits. With leverage, it will have total investment capacity of US$7 billion, which can be used to develop […]
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Beijing-based home cleaning service booking app 1JiaJie has completed its series C round of financing from CDH Investments, DT Capital Partners, Tencent Industry Win-Win Fund, DFJ, an unnamed Chinese brokerage firm, and other investors, according to Chinese media reports. The company plans to use the proceeds, which reportedly amounts to hundreds of millions RMB, on […]
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Chinese rental car company eHi Car Services Ltd. has reached an agreement to receive loans, investment and other resources worth RMB1.5 billion (US$242 million) from the Export-Import Bank of China during the next five years, according to a company announcement posted on its Weibo account. The New York Stock Exchange-listed eHi says it plans 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.
Former Hu Jintao staffer Ling Jihua accused of bribery and ‘trading his power for sex’
The National Bureau of Statistics of China says that during the first half of 2015, China's Internet retail sales reached CNY1.646 trillion, representing a year-on-year increase of 39.1%. Of the total Internet retail sales, physical…
How an obscure toy maker was transformed into Hanergy Thin Film, a solar group whose value touched $40bn before a dramatic fall back to earth
After two years and three months of operation, NetEase cloud music announced that their number of users had exceeded 100 million. By July 2015, NetEase cloud music has reached seven major platforms, covering the iPhone, Android phones, Web browsers, and PC-based software. NetEase cloud music currently has included 1,200 stars and five million songs, and […]