The real lunacy of the UKi’s vote to leave the European Union was not that British leaders dared to ask their populace to weigh the benefits of membership against the immigration pressures it presents. Rather, it was the absurdly low bar for exit, requiring only a simple majority.
2016-06-24
Lam Wing-kee says China police were seeking sources of information in works on president
2016-06-24
China’s first multilateral development bank to approve maiden loans
2016-06-24
A well-known start-up with venture backing from Alibaba Group Holdings and New Horizon Capital is in the process of liquidation, potentially signaling the beginning of a wave of bankruptcies for venture-backed start-ups in China. Tao.117go.com, a two-year-old online customized travel package platform with founders from Alibaba and Ctrip, hoped to create a 24-hour online convenience […]
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.
2016-06-24
The Chinese securities regulator's tightening on back-door listings now has a major casualty. Shanghai-listed Tibet Tourism has canceled a proposed merger with Beijing-based offline third-party payment firm Lakala, backed by Legend Holdings. The company says changes in market conditions and policy environment are the key drivers behind its decision, which means its long list of […]
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.
2016-06-24
Chinese state-owned real estate conglomerate Poly Group has invested US$400 million in Didi Chuxing as the country's largest ride share company's latest US$7.3 billion financing round announced last week. Poly, which invested through two vehicles managed by Poly Capital Management, will in turn obtain a 1.45% of Didi Chuxing at a valuation of over US$27.6 […]
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.
2016-06-24
China's largest classified ads site 58.com Inc. says it has completed a swap of its shares in Mighty Talent Ltd., a China-based short-term and vacation rental platform owned by Ganji, with bigger rival Tujia.com International. As a result, 58.com has divested all its 65.7% stake in Mighty Talent Ltd., also known as Mayi, in exchange […]
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.
2016-06-24
An investment vehicle owned by Zheng Nanyan, a Chinese hospitality tycoon and co-founder of Chinese budget hotel chain 7 Days Group Holdings, has proposed to take Qunar Cayman Islands Ltd. private. Ocean Management Ltd., an entity solely owned by Zheng, offered US$30.39 for each of Qunar's American Depositary Receipt (ADR), representing a 15% premium to […]
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.
2016-06-24
Alibaba's financial subsidiary Ant Financial reportedly plans to acquire a 20% stake in Ascend Money, an electronic payment and small …
2016-06-24
Analysts detect increasingly common strategy as Moscow and Beijing intensify co-operation