Beijing-based Chinese film production firm Huayi Brothers Media Corp. has agreed to increase its shareholdings in digital cinema solution provider GDC Technology Limited to 29% from the current 12%, for a total price of as much as US$84.4 million, according to a regulatory filing. The investment will enable GDC Technology's financial backers, The Carlyle Group […]

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Beijing-based online food ordering and delivering service provider Etaoshi has received US$20 million series B financing from Beijing New Hope Industry Investment Center L.P., according to Chinese media reports. Beijing New Hope Industry Investment Center is managed by Hosen Capital, which is the investment arm of Chinese agribusiness conglomerate New Hope Group. Launched in February […]

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Himalayan border troop confrontation threatens to be one of the most serious for years as the Chinese president Xi Jinping visits New Delhi

Export Now, run by a Chinese-speaking former top US commerce department official, helps shepherd foreign brands on to Alibaba’s booming Tmall site

Prices of China's new commodity residential properties for 70 medium to large sized cities surveyed by the National Bureau of Statistics (NBS) declined by 1.15% month-on-month in August, down from a decline of 0.93% in July. At the same time, Soufun's 100 city average new home price index edged up to -0.59% month-on-month in August […]

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China's largest commercial property developer Dalian Wanda Group has acquired a piece of Beverly Hills real estate from Hong Kong-based private equity real estate firm Joint Treasure International, according to a company announcement. Terms of the deal were not disclosed. Wanda plans to develop the eight-acre site located at 9900 Wilshire Boulevard into a luxury […]

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Mistic, maker of electronic cigarettes and vapor products has begun sourcing its e-liquid production in the United States from North Carolina-based Purilum, LLC. Earlier this year, Mistic announced plans to move production from China to Purilum's manufacturing facility in Greenville, N.C., which develops and manufactures high-quality e-liquids and provides high-speed, fully automated bottling and cartomizer […]

Beijing-based car rental service provider Yongche has established a strategic partnership with Haier Financial Services China Co., Ltd. to provide financial leasing services to Chinese small and medium sized car rental firms, according to Chinese media reports. Haier Financial Services China, a financial leasing arm established by Chinese consumer electronics maker Haier Group in Shanghai's […]

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Twenty-four domestic and international investors and institutions plan to sign an agreement next Monday with the government of Shenzhen, to invest a total of RMB8 billion (US$1.3B) to build private and public hospitals in the city, according to Chinese media reports. The planned investment is part of the drive initiated by the Chinese government since […]

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Wal-Mart announced that they will invest about CNY600 million to build a new community shopping center with a total construction area of about 100,000 square meters in Zhuhai, and the company will introduce Sam's Club as the main store within the shopping center. This is reportedly the first time for Wal-Mart to develop, build and […]

Microsoft has established a new wholly-owned subsidiary in Shanghai named Microsoft Asia-Pacific Technology Limited, which will focus on the global research and development of the Microsoft cloud operating system. The wholly-owned subsidiary is based around the Chinese teams of Microsoft cloud computing and corporate departments. It will mainly focus on the global development of Microsoft's […]