With some 1,600 asylum-seekers having died in the Mediterranean Sea since June 1, Europe's policy toward migrants and asylum-seekers is clearly in need of reform. While Europe cannot help all of those fleeing violence and destitution, it can certainly …
2014-09-19
UK pharmaceuticals group to pay fine after 15-month investigation into accusations it bribed doctors to promote the use of its medicines
2014-09-19
Chinese smartphone maker Xiaomi Inc.'s venture capital arm has agreed to invest US$25 million in Chinese health products maker Andon Health Company Limited, according to a regulatory filing. Tianjin-based Andon Health will establish a new entity called iHealth Inc. in Cayman Island, and inject its related global businesses in electronic and smart health device division […]
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.
2014-09-19
Media have been opining and hyping Alibaba's USD21.8 billion IPO impact on the global Internet ecosystem and how the company plans to invest its new wealth. Unlike most IPOs, many early investors in Alibaba will have no lock-up period and they can sell their shares today. Though CEO Jack Ma pledged that customers are more […]
2014-09-19
China-focused private equity firm SAIF Partners has teamed up with Chinese consumer electronics maker Haier Group to jointly establish a RMB320 million (US$52.1 million) industry fund to invest in smart home products and services in China, according to a securities filing submitted by Haier. Haier Group, its venture capital arm Qingdao Haier Venture Capital Company […]
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.
2014-09-19
The Shanghai Gold Exchange, the biggest physical bullion bourse in the world, announced that an international gold trading board is officially launched in Shanghai Free Trade Zone (FTZ) yesterday. The bourse launches three RMB-denominated physical bullion spot contracts of 100 grams, 1 kilogram (kg) and the bigger London gold delivery bar weighing 12.5 kg 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.
2014-09-19
China-focused distressed debt and special situations firm Shoreline Capital Management (click here to listen to Shoreline's co-founder Benjamin Fanger on China Money Podcast) has held a second closing of US$285 million for its third fund, which is more than half of its total fundraising target, according to media reports. Shoreline China Value III L.P. is […]
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.
2014-09-19
Li Na, the first Chinese national to win a Grand Slam tournament, struck a patriotic note when she announced her retirement, citing a knee injury
2014-09-19
China sees need to temper growing carbon emissions, but fierce debate swirls over the preferred method for doing so
2014-09-19
China's e-commerce giant Alibaba Group has priced its U.S. IPO at US$68 per share, much higher than its initial price range of US$60 to US$66 apiece, raising a total of US$21.8 billion in a New York Stock Exchange debut, if not counting proceeds from over-allotment options. This will make the float the third largest IPO […]
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.
2014-09-19
Chinese telecom device maker Huawei opened a new research and development organization in Southern France. Located at Sophia Antipolis, this new R&D unit currently has 20 engineers and it will add ten more engineers by the end of 2014. Most of those engineers previous worked for Texas Instruments. According to Huawei, Sophia Antipolis has a […]
2014-09-19
China’s envoy to Iceland allegedly accused of spying for Japan, underlining the crisis in relations between Beijing and Tokyo
2014-09-19
Terry Gou, chairman of Hon Hai Group, announced that the company will invest over CNY5 billion in Shanxi to develop the electric car industry. Gou revealed that in 2014, Foxconn's output in Shanxi will surpass CNY60 billion and the company already has 100,000 employees in this province. The company is expected to invest over CNY5 […]