Critics fear the erosion of civic freedoms is denying space for grievances to be aired
2016-07-27
China's largest express delivery firm S.F. Express, backed by CITIC Capital Holdings Ltd., Oriza Holdings and China Merchants Group, is to spin off its financial services units before it proceeds with a back-door listing in Shenzhen. S.F. Express will sell its holdings in its micro-credit, custodian and financial leasing unit to third parties, in a […]
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.
2016-07-27
Fate of a state-owned zombie could set precedent for debt disputes
2016-07-27
Chinese online financial intermediary 91Jinrong has acquired DemoHour, once the largest crowdfunding platform in China, according to Chinese media reports. Financial details were not disclosed. 91Jinrong, which received around RMB200 million (US$32 million) investment from Haitong Capital, CBC Capital and Matrix Partners in 2014, plans to integrate DemoHour into its own crowdfunding platform. Launched in […]
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2016-07-27
Chinese Internet firm LeEco has agreed to acquire American television maker Vizio for US$2 billion, in an important step of the company's strong push in the U.S. market. LeEco's founder and CEO Jia Yueting said the companies started negotiations two years ago, and accelerated talks earlier this year to reach final agreements. The ambitious Chinese […]
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2016-07-27
SBCVC has participated in a RMB200 million (US$30 million) venture round in Gongzi Qianbao, a mobile Internet financial services product helping companies and staffers manage salary payment and other personal financial services needs. According to an announcement, Shanghai-based Gongzi Qianbao previously raised an undisclosed strategic investment from SBCVC in September 2015. "The company has become […]
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.
2016-07-27
The city of Chengdu in Western China has launched a financial industry innovation center with an aim to become China's fourth financial pillar, after Beijing, Shanghai, Guangzhou and Shenzhen. The Financial Dreamworks Chengdu, which claims to be the first space dedicated to innovation in the financial industry in China, began recruitment in Chengdu yesterday, says […]
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2016-07-27
Chinese investors pumped US$17 billion into overseas real estate investment during the first five months of 2016, becoming the world's second largest source of outbound property investment capital after the U.S. at US$19 billion, says a report from real estate service firm DTZ/Cushman & Wakefield. Office led the way at a 50% share of all […]
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2016-07-27
A Chinese investor consortium including lighting firm MLS Co., Ltd., IDG Capital Partners and Yiwu State-Owned Assets Operation Center has agreed to acquire the general lighting lamps business from Germany's Osram for over €400 million (US$439 million). As part of the deal, Osram will receive payments for license agreements of trademark rights, says an announcement […]
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.
2016-07-27
China-based LeEco says it is spending USD2 billion to buy California-based Vizio, Inc's services, hardware, and intellectual property. LeEco says …
2016-07-27
Chinese electronics and home appliances group TCL will invest CNY500 million to establish an equity investment fund. TCL Group will …
2016-07-27
It is time to forget the UK referendum effect and look at the big picture, writes Stephanie Flanders