Capital outflows stabilise as renminbi gradually gains against the dollar
2016-04-07
Self-consciously cool, happy to pay a premium for fun or to join entrepreneurial community
2016-04-07
Shanghai, China, April 7, 2016 /ChinaNewswire.com/ – 2016 sees AccorHotels continue the Stay for Brightness programme, a three-year corporate social responsibility (CSR) initiative, in partnership with Orbis. Launched in 2014, the programme helps to prevent blindness and saving eyesight of children in rural China. The objective of the programme is to build a comprehensive pediatric … Continue reading "AccorHotels Raises Awareness in Fighting for Darkness for the Third Year"
2016-04-07
Shanghai, China, April 7, 2016 /ChinaNewswire.com/ – Hilton Worldwide today announced the appointment of Rudy Oretti as general manager of the Waldorf Astoria Shanghai on the Bund. Rudy Oretti reports to Daniel Welk, vice president luxury – Asia Pacific, Greater China & Mongolia, and he is responsible for managing the overall operations of the hotel. … Continue reading "Hilton Worldwide Appoints Rudy Oretti as General Manager of Waldorf Astoria Shanghai on the Bund"
2016-04-07
China is reportedly considering merging several financial supervisory bodies with its central bank, in line with global trend and may help the country better manage financial systemic risks, according to a research report by ANZ AG. The proposal to merge the country's banking, insurance and securities regulatory entities with the People's Bank of China will […]
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2016-04-07
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by former partner at Emerald Hill Capital Partners Tommy Yip, has closed its debut fund at about US$210 million. Yip left Emerald Hill Capital Partners in January 2015 to start Unicorn Capital Partners, hoping to back emerging venture capital fund managers investing in technology start-ups with […]
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2016-04-07
Faced with a challenging investment environment, central banks, sovereign wealth funds (SWFs) and government pensions are adapting their investment models to be more agile, according to a new research report by State Street Corporation. After surveying over 100 central banks, sovereign wealth funds and government pensions globally, State Street says these official institutions are diversifying […]
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2016-04-07
Sino-Europe private equity firm Cathay Capital has made an undisclosed investment in Chinese home furnishing product retailer ABS through its Sino French SME Fund, says a company announcement. "ABS stands out among the numerous other domestic home furnishing companies in China because it has established an innovative data-based development model and an omni-channel retail system," […]
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2016-04-07
China.com, the first big tech IPO from China and one-time darling of netizens of Beijing in the late 1990s before …
2016-04-07
Yuri Milner, Russian entrepreneur, venture capitalist and founder of investment firm Digital Sky Technologies (DST), has made an undisclosed venture investment in Chinese start-up Horizon Robotics, according to Chinese media reports. Founded in July 2015 by a former executive at Baidu Inc's Institute of Deep Learning, Horizon Robotics previously received seed funding from Morningside Ventures, […]
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2016-04-07
A unit of Alibaba Group Holding Ltd. has joined an investor group including Matrix Partners and Sequoia Capital China to take U.S.-listed Chinese dating app maker Momo Inc. private. Alibaba's participation greatly boosts investor confidence that the deal will get completed, after the transaction's fate appeared in question due to a volatile Chinese stock market […]
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2016-04-07
Chinese telecoms group said it may face litigation over export violations
2016-04-07
Relatives of three out of seven standing committee members tied to law firm
2016-04-07
Huasheng Capital, a private equity fund established by China Renaissance Partners, has led a RMB6 billion (US$926 million) series B round in Lianjia, a Chinese O2O (online-to-offline) real estate agency service provider. Baidu Inc and Tencent Holdings Ltd. also joined the funding round as strategic investors, according to Chinese media reports. The fundraising process began […]
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2016-04-07
Singapore's Oversea-Chinese Banking Corp (OCBC) has agreed to acquire the wealth and investment Management business of Barclays Bank PLC in Singapore and Hong Kong for approximately US$320 million in cash. The deal, which is done through OCBC's wholly-owned private banking subsidiary Bank of Singapore, is priced at 1.75% of the total assets under management by […]
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