Co-founder Jack Ma wanted to stuff his board with supporters after going public, but his scheme was rejected by the city’s guardians of governance
2013-10-01
After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index (PMI) posted at 50.2 in September, slightly up from 50.1 in August. Previously, the HSBC flash PMI was estimated at 51.2 in September. The revised September number still signals a further improvement from July’s 11-month low. Visit ChinaMoneyNetwork.com for more great China Money Podcast audio […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-10-01
Chinese home appliance manufacturer Qingdao Haier Co., Ltd ("Qingdao Haier") and global private equity giant KKR says the two parties have signed a definitive agreement, in which KKR will acquire a 10% stake in Qingdao Haier and establish a long-term strategic partnership. KKR is to purchase the stake with cash. No further details of the […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-10-01
China’s official manufacturing purchasing managers’ index (PMI) reached 51.1 in September, up 0.5 point compared to August. The September PMI number is the highest since April 2012, according to China's National Bureau of Statistics. The official PMI has been improving since July, indicating that growth in large-scale industries in China is picking up. Domestic demand […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-10-01
Era of the ‘factory girl’ is ending as a tight labour market forces employers to recruit male workers to churn out products for export
2013-10-01
IDG Capital Partners and Beijing-based Chinese microcredit firm CreditEase Leasing have set up a financial innovation fund, targeting a first close of $100 million. IDG CreditEase Financial Innovation Fund will invest in Chinese financial technology start-ups with a focus on microcredit, risk management and online payment. The fund plans to invest up to RMB1 million […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-10-01
Baidu is looking for a payoff via its controlling stake in its unprofitable online travel search company Qunar Cayman Islands Ltd., which just filed for its initial public offering on the New York Stock Exchange under the symbol QUNR. In its prospectus, the company says revenue from its website at Qunar.com was USD58.5 million for […]
2013-10-01
Hong Kong-listed Chinese waste water treatment company Beijing Enterprises Water Group says that a subsidiary of Malaysian sovereign wealth fund Khazanah Nasional plans to invest HK$1.18 billion ($152 million) in the company. The subsidiary, Mount Reskit Investments Ltd., agreed to buy 400 million subscription shares of Beijing Enterprises Water Group at HK$2.95 per share, which […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-10-01
Partially ending a 13-year ban, the State Council of China has issued word that foreign companies are allowed to engage in gaming device production and sales in the Shanghai Pilot Free-Trade Zone. Those gaming products can then be sold to the Chinese market with the approval of the related culture administrative departments. According to the […]
2013-10-01
Alibaba Group announced that they have acquired the Chinese cloud storage software provider Kanbox to enter the personal wireless cloud storage sector. With the acquisition, Gu Zhicheng, chief executive officer of Kanbox, and the Kanbox team will all join Alibaba Group. Gu will still be responsible for ongoing businesses at Kanbox. Alibaba did not reveal […]