Alibaba and Didi Kuaidi passed big milestones last week but some analysts question the statistics
2016-03-28
Nearly 50 years after Israel captured East Jerusalem, the city remains as divided as ever. Settling the status of Jerusalem – as two cities, one for Israelis and one for Palestinians – must be made a priority if peace between the two sides is ever to be achieved.
2016-03-28
Youzu.com announced that its wholly-owned subsidiary Yousu GmbH signed a share purchase agreement with Germany's Bigpoint Investments GmbH, aiming to …
2016-03-28
Shanghai, China, March 28, 2016 /ChinaNewswire.com/ – Fintech in China is booming, and nowhere is the drive greater than in Shanghai. The upcoming China Financial Trading Technology Congress 2016 will see hundreds of financial institutions, over 300 senior executives, and more than 40 professional speakers participating. The event takes place June 30 – July 1 … Continue reading "Financial Trading Tech Luminaries Will Soon Converge In Shanghai"
2016-03-28
Hong Kong-listed Chinese property developers including Shui On Land Ltd., Country Garden Holdings and R&F Properties have seen their financial results hit by the devaluation of the RMB. Despite core earnings jumping 438% in 2015 to RMB2.4 billion, Shui On Land reported that earnings dropped RMB718 million to RMB1.77 billion last year and profits attributable […]
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2016-03-28
Shenzhen Capital Group Co., Ltd. has led a RMB150 million (US$23 million) new round of financing in Shenzhen-based drone maker Flypro Aerospace Technology Co., Ltd., according to Chinese media reports. The round follows a RMB80 million (US$12.5 million) series A completed in November 2015 led by an investment arm of Chinese conglomerate Yihua Enterprise (Group) […]
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2016-03-28
Andrew Yan, SAIF Partners' managing partner, warns that it is dangerous that some local governments in China are encouraging innovation and start-ups in the same way as they do in political campaigns, the veteran investor said during the China Shenzhen IT Summit over the weekend. China's leadership has called "mass entrepreneurship and innovation" as a […]
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2016-03-28
Doubts raised on feasibility of plan to ‘resettle’ millions of laid-off labourers in new industries
2016-03-28
Zhuang Chenchao, co-founder and former chief executive at China's Qunar Cayman Islands Ltd., has started up his own venture capital fund to invest in Chinese start-ups, according to Tencent Technology. Zhuang will seek to invest in search-based verticals, says the reports, without revealing any financial details of the fund. "Curiosity, especially curiosity about technology innovation, […]
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2016-03-28
It probably hurts to be a manager at Lenovo today. Nearly all of the company's business groups face upheaval in …
2016-03-28
Alibaba president J. Michael Evans recently told Indian local media that the group plans to enter the Indian e-commerce market …
2016-03-28
Warburg Pincus LLC is planning to raise US$2 billion for a new China private equity fund to invest alongside its latest US$12 billion global fund, according to media reports citing people familiar with the matter. The global private equity giant will launch the fundraising formally on June 1, and aims to close the fund 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.
2016-03-28
Chinese home appliances group Midea has signed a memorandum of understanding with Toshiba to acquire the white goods business of the Japanese company. With this acquisition, Midea will gain the controlling interest of Toshiba's white…
2016-03-28
Chinese drone maker DJI is expanding its retail strength across Asia. DJI officially opened a flagship store in Seoul, capital of South Korea, this month. This is reportedly DJI's second flagship store, following the one…
2016-03-28
Greater transparency from companies and more scrutiny are crucial