Last week, South Korean President Park Geun-hye stood together with Chinese President Xi Jinping to watch the parade commemorating the 70th anniversary of the end of WWII in Asia. Although Park's decision to attend drew the ire of the US and Japan, it …
2015-09-09
If the worst-case scenario holds the index may be attractive
2015-09-09
Greater China-focused hedge funds was down 6.55% in August, having managed to reduce their losses as the CSI 300, Shanghai and Shenzhen composite indices declined 11.23%, 12.49% and 15.18% respectively during the same period, according to industry data tracker Eurekahedge. Greater China hedge funds preserved their gains from early 2015 and are up 3.22% for […]
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.
2015-09-09
China's biggest ride share company Didi Kuaidi says it has raised US$3 billion in its latest funding round, which is a record for unlisted companies globally. In an announcement, the company reveals that China Investment Corp and Ping An Insurance Company of China are among the round's investors, but did not provide more details. In […]
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.
2015-09-09
Hong Kong-based professional on-demand delivery service Lalamove has completed US$10 million series A round of financing from MindWorks Venture, AppWorks, Crystal Stream and other unnamed individuals investors. In a company announcement, Lalamove says it plans to use the proceeds to expand to 12 additional cities throughout China, from the eight cities it currently operates in. […]
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.
2015-09-09
Beijing-based big data technology developer and service provider Baifendian Corporation has completed RMB400 million (US$63 million) series D financing led by Everbright Securities. The company announced at a news conference, which was reported by Chinese media. The company is in the process of dismantling its variable interest entity (VIE) structure, a method commonly used when […]
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.
2015-09-09
Alibaba Group Holding Limited has teamed up with Sina Corporation and Yunfeng Capital to establish Alibaba Sports Group, which will launch new businesses in sports copyrights, sports media, events, and ticketing. According to a company announcement, Alibaba Sports Group will be majority-owned by Alibaba Group. Yunfeng Capital is co-founded by Jack Ma, Alibaba's founder and […]
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.
2015-09-09
A British firm is aiming to enhance the integration of technology with manufactured goods in China via a new development platform. Britain's ARM is starting an Internet of Things accelerator in Beijing with Chinese smart…
2015-09-09
Recent media reports in Hong Kong have highlighted fraudsters from China phoning and cajoling Hong Kong residents in parting with large sums of cash. So now the Hong Kong government is taking action. Hong Kong's Office of the Communications Authority has now forced the territory's telephone operators to insert a specific "+" sign in the […]
2015-09-09
Chinese B2C e-commerce website JD.com announced a strategic alliance with 17 home improvement brands, including NVC Lighting, Nippon Paint, Dongpeng, and Power Dekor. JD will provide those alliance brands with better support, covering warehousing, dist…