Asian lenders give way to Asian techs
2016-06-22
Ant Financial Services Group, the financial services arm of Alibaba Group Holdings Ltd., has joined other investors to back a newly approved mutual insurance association, according to state media reports. The Xinmei Life Mutual Insurance Association, one of the three mutual insurance associations ever to win approval by the Chinese insurance regulator, plans to focus […]
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2016-06-22
Beijing, China, June 22, 2016 /ChinaNewswire.com/ – The Westin Beijing Chaoyang announced the introduction of Crafted at Westin, a new signature cocktail menu that invites guests to choose well behind the bar. Taking inspiration from fresh natural ingredients, local flavors and craftsmanship, Crafted at Westin is the Westin brand’s newest food and beverage program. Specifically … Continue reading "Choose Well Behind The Bar: The Westin Beijing Chaoyang Introduces Crafted At Westin"
2016-06-22
Asia hosts five of world’s 10 most costly places for expatriates
2016-06-22
A newly launched RMB private equity fund Jiawo Capital said it had reached first closing of its debut vehicle with capital commitment of RMB500 million (US$76 million), or half of its RMB1 billion target. The Jiawo Capital Smart Technology Fund I will focus on Internet technology including big data, cloud computing, information security and smart […]
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2016-06-22
Legend Capital and other unnamed investors have invested RMB170 million (US$26 million) in Kaola FM, an audio program network run by China's AutoRadio Group, according to Chinese media reports. "We admire the ability of Kaola FM's team to create content for users to listen to while driving or doing other chores. We believe their growth […]
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2016-06-22
An investor consortium led by Tencent Holdings Ltd. has agreed to acquire up to 84% of Supercell Oy, the Finnish maker of "Clash of Clans", from SoftBank Group Corp. and the company's employees for US$8.6 billion. The deal, which is Tencent’s biggest acquisition ever, values the mobile games company at an equity value of approximately […]
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.
2016-06-22
JD.com, the smaller rival to Chinese e-commerce behemoth Alibaba, has made people notice it again with the announcement that it …
2016-06-22
Emerging market stockpickers spurn state-controlled companies