Beijing-based Fenbi.com says the company has completed series B financing worth several million U.S. dollars, according to Chinese media reports. The details of the investment and the investor's identity is not disclosed. Fenbi means chalk in Chinese. The online education website was launched in August, 2012. IDG Capital invested about RMB10 million in the company's […]

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Headquartered in Chengdu, Sichuan province, Pinguo Technology says the company has completed series B financing of $18 million. SIG Asia Investments led the round. Existing investors Gobi Partners and Matrix Partners China also participated in the investment. Founded in 2010, Pinguo Technology obtained angel investment of around several million Yuan from Matrix Partners in 2011. […]

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Baird Capital says its China growth equity team has invested in Kedu Healthcare (Kedu), one of China's largest independent medical equipment service providers. The details of the investment is not disclosed. Kedu was founded in 2006 by former GE Healthcare executive James Ni to provide medical equipment service in China. The company has installed more […]

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Beijing-based property developer Xinyuan Real Estate Co., Ltd. says the company has entered into an agreement with TPG Capital, in which TPG will invest $108.6 million through the purchase of Xinyuan's convertible notes and common shares. After the deal, TPG will hold approximately 20% of Xinyuan Real Estate on a fully diluted basis. TPG will […]

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The author is Bernstein Research senior analyst Mike Werner Since the peak of the SHIBOR (Shanghai Interbank Offered Rate) crisis in late June, the Chinese banks have staged a mini-rally as their shares are up 13%, on a weighted-average basis, outperforming the regional MXAPJ Index by 840bp over this period. Despite this, the Chinese banks […]

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The authors are the former senior and current deputy resident representative in the IMF’s China office Il Houng Lee and Murtaza Syed Since its reform and opening up period, China has made remarkable strides in lifting people’s incomes and reducing absolute poverty. However, it has come at the cost of rising inequality. To be sure, […]

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With Apple's success in boosting sales in China via retail channels, why doesn't a Chinese company follow suit? Lenovo Group recently held a media communications conference in its newly opened flagship store at Beijing's Oriental Plaza and Yang Jun, Lenovo China's senior director for 3C store development, said that the company hopes to directly contact […]

China Telecom published its semi-annual financial report, stating that by June 30, 2013, the company's operating revenue increased by 14.1% year-on-year to CNY157.52 billion; and its net profit increased by 15.9% year-on-year to CNY10.213 billion. According to the report, China Telecom realized double-digit growth for both operating revenue and net profit. At the same time, […]

China's growth slowdown has serious implications for the convergence of developed and developing countries’ per capita income levels. Just as China’s economic boom benefited commodity-dependent developing countries, its slowdown – and the concomitant commodity-price downswing – is undermining their economic growth and development.

Unitary countries may not be culturally disposed to language acquisition but they have the ability, structurally speaking, to move quickly if they want to

Beijing faces a looming debt problem and the question that needs to be asked is whether the country has the money to make that problem go away

Second in a three-part series investigating China’s mounting credit burden. Companies expanded too quickly to feed markets that never developed