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

BOC International Holdings Limited, Bank of China's investment banking flagship, has launched Europe's first RMB-denominated A Share Exchange-traded Fund (ETF) on the inauguration of the China Europe International Exchange, says an announcement. The launch of the ETF is another move to broaden the spectrum of Europe's RMB equity fund market, creating a conduit for European […]

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The attacks in Paris have opened the possibility of a rapprochement between Russia and the West. If Russian President Vladimir Putin is willing to cooperate with the West in Ukraine and Syria, the West should not rule out offering some concessions in r…

Prices appear to have stabilised, but not across the board

Beijing-based Weiying Technology Co. Ltd., a ticket booking mobile app, has completed RMB1.5 billion (US$235 million) series C round of financing led by an obscure Beijing film investment fund, according to Chinese media reports. GGV Capital, existing investors Tencent Holdings Limited, Dalian Wanda Group and others also participated. China eCapital Corporation served as financial adviser. […]

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Standard & Poor's Ratings Services has cut its forecast for Macau's gaming sector, projecting annual revenue drop to be 30% to 35%, down from a previous expectation of a 25% to 35% decline, according to a research report. The gross gaming revenue in Macau has declined 35.5% during the first ten months, due to a […]

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Le Sports has partnered with the operator of Beijing National Stadium, or the Bird's Nest, to jointly establish a Bird Nest Le Sports investment fund with RMB5 billion (US$783 million) to invest in the sports sector in China, according to a press conference reported by Chinese media. The report did not specify where it plans […]

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Chinese consumption is poised to surge from US$3.7 trillion in 2014 to US$6.4 trillion in 2025, resulting in US$56 trillion of cumulative spending over the next decade, according to a new report from The Demand Institute, a think tank jointly operated by The Conference Board and Nielsen. In an announcement, the report argues that the […]

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Shenzhen-based Tiantu Capital, a private equity investment firm focused on the Chinese consumer sector, has raised RMB2.68 billion (US$420 million) in a listing on the National Equities Exchange and Quotation (NEEQ), or China's New Third Board, according to a regulatory filing. Tiantu issued 117 million shares at RMB22.86 apiece to 100 investors, including two shareholders […]

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The National Bureau of Statistics of China revealed that in October 2015, China's total social consumer retail sales reached CNY2.828 trillion, a year-on-year increase of 11%. Compared with September, the retail sales in October was…

Yirendai Limited, a P2P (peer-to-peer) consumer lending platform carved out from Chinese online finance firm CreditEase, has filed with the U.S. Securities and Exchange Commission seeking to raise US$100 million in an initial public offering on the New York Stock Exchange, according to a public filing. No pricing details are disclosed in the current filing. […]

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The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service. Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016. Paipai.com […]

Shanghai-based Chinese warehousing developer e-Shang has partnered with Dutch pension asset manager APG Asset Management N.V. and Canada Pension Plan Investment Board (CPPIB) to establish a joint venture to develop logistics real estate across South Korea with an initial capital commitment of US$500 million, according to a joint announcement. The joint venture, established through e-Shang's […]

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Last week’s terrorist attacks in Paris are likely to compound Europe’s deep divisions over how to respond to its refugee and migrant crisis. But calls for a new “Fortress Europe” risk making it harder than ever to convey the economic case for integrating more newcomers into the EU’s workforce.