Chinese conglomerate Fosun International and global private equity firm Ardian have withdrawn plans to acquire French holiday firm Club Méditerranée because of a much higher competing bid, according to an official announcement made by Fosun. French financial markets regulator l'Autorité des marchés financiers (AMF) confirmed on Aug 14 in a statement about a rival bid submitted […]

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.

Beijing-based AVIC Capital Co., Ltd., a subsidiary of state-owned aircraft manufacturer Aviation Industry Corporation of China, has confirmed that it is in negotiations for a takeover deal for Dublin-based aircraft leasing and management services provider Avolon, according to an official announcement made by AVIC Capital. In another statement, the company says there is no guarantee […]

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.

Sunday’s march has drawn accusations of paying participants, questions over its size and suggestions of an over-representation of mainlanders

Four subsidiary investment funds under Chinese conglomerate Fosun has agreed to acquire 105 million shares of Shenzhen-listed CNFC Overseas Fishery Co., Ltd for RMB681 million (US$111 million) at RMB6.46 per share in a private share placement, according to a regulatory filing. After the completion of the transaction, the four funds including Fosun Industrial Investment Fund […]

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.

Hong Kong-listed Chinese conglomerate Fosun International Limited has entered into a definitive agreement to acquire 20% of global insurer Ironshore Inc. on a fully diluted basis, according to an announcement made by Fosun. Deal terms were not disclosed. Ironshore will use the proceeds to repurchases outstanding shares from existing shareholders, including existing long-term private equity […]

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.

German group is latest multinational carmaker to face Chinese scrutiny and threat of fines over pricing of spare parts, repair and maintenance

Beijing-based Chinese security software maker Cheetah Mobile Inc. has acquired an additional 22.2% stake in Chinese mobile Internet firm Moxiu Technology (Beijing) Co., Ltd. for a total of RMB30 million (US$4.9 million) in cash, according to Cheetah’s official announcement. Upon completion of the transaction, Cheetah will become the majority shareholder of Moxiu Technology with a stake […]

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.

Inmarsat, a global satellite network operator that offers mobile and fixed communications services, marked its formal entry into the Chinese market with a new Beijing office. Founded in 1979, Inmarsat is an industry leader and pioneer of mobile satellite communications. It provides mobile and fixed communications services for maritime, enterprise, government and aviation. China is […]

China’s property slump worsened in July as prices fell for the third straight month and developers scaled back investments, slowing economic growth

As the Hong Kong government revises down its annual GDP growth range to 2% to 3% from its original forecast of 3% to 4% for 2014, BofA Merrill Lynch is also downgrading its growth forecast for the special administrative region to 2.3% from 2.6% this year, much lower than market consensus of 3.2%, according 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.

Chinese boats on front line of dispute threatening freedom of navigation in the South China Sea have been emboldened by Beijing’s assertiveness

The author is founder and CEO of T.H. Capital Tian X. Hou Sina Corp. reported second quarter results that were better than consensus expectations driven by Sina's Weibo growth, but third quarter guidance was weaker than expected. Even though Weibo is making solid progress on the monetization front, the portal business is not growing, which […]

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.

Following its latest financing of CNY4.5 billion, the Chinese video website Letv.com announced a large-scale investment project for launching a partnership program named LePar. Under this program, Letv plans to open 1,000 to 1,500 offline experience retail stores across China before the end of 2014 to accelerate its online channel expansion. Zhang Zhiwei, vice president […]

iPhone camera supplier OmniVision Technologies said that the company has received a cash acquisition proposal from a Chinese investment consortium led by Hua Capital Management Ltd. According to media reports, the consortium offered to buy OmniVision for USD29 per share in cash for a total value of USD167 million, which represents a premium of 17.9% […]