Military sends enough doses to treat 10,000 people
2014-10-15
China consumer price index (CPI) increased 1.6% year-on-year in September, the lowest level since January 2010, according to data released by China's National Bureau of Statistics. Producer price index (PPI) declined 1.8% year-on-year in September, compared with August's 1.2% drop. The PPI data reflect a de-stocking process amid sluggish domestic demand. In addition, it suggests […]
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2014-10-15
China's Lenovo Group and Japan's NEC agreed to extend their joint venture agreement through 2026. The agreement signed by the two parties included amendments to the initial transaction. Amendments to the NEC brand license agreements stated that the parties to the NEC brand license agreements entered into the NEC brand license amendment agreements on October […]
2014-10-15
China’s reforms will be the key factor to watch for the country’s equity markets over the medium term. Chinese markets still offer many good opportunities, and those will only improve as these reforms begin to pay off, writes Helen Zhu, head of China Equities at BlackRock, Inc., in a report. Two key upcoming meetings will […]
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2014-10-15
The San Francisco Employees' Retirement System (SFERS) has committed US$25 million to a China venture fund being raised by DCM, according to media reports. On September 8, DCM filed with the U.S. Securities and Exchange Commission to raise a total of US$170 million for the DCM Ventures China Turbo Fund L.P. The $25 million commitment […]
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2014-10-15
Changsha city, Hunan province-based Chinese snack food maker Hunan Juewei Food Co., Ltd. has filed for an IPO on the Shanghai Stock Exchange, according to a regulatory filing. Juewei is planning to issue up to 90 million new shares, and issuing price is yet to be determined. Founded in 2008, Hunan Juewei received RMB260 million […]
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2014-10-15
UBS (China) Limited, UBS AG’s locally-incorporated wholly foreign-owned bank in China, today opened its Beijing Huamao bub-branch. It is UBS's first ground-floor presence in Asia Pacific, according to a company announcement. "China is an important market for UBS and offers many business opportunities. It is the world's second largest and Asia Pacific's largest wealth management […]
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2014-10-15
Hong Kong-based Horizons Ventures, the private investment of Asia's richest man Li Ka-Shing, has participated in an investment round for California-based artificial meat maker Impossible Foods Inc., according to media reports. The investment round totaled US$75 million, with participation from other unnamed investors. Impossible Foods develops new technologies to produce plant-based foods that outperform existing […]
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2014-10-15
Officers use pepper spray and arrest 45 in clearance of road tunnel
2014-10-15
Waning domestic demand may lead to more stimulus
2014-10-15
Chinese home appliances and electronics retailer Gome announced that the company's first owned store will be launched in Mong Kok, Hong Kong, this week. Mong Kok has been one of the sites in recent weeks of protests in Hong Kong for freer elections. Wang Junzhou, general manager of Gome, did not make any statement about […]
2014-10-15
Chinese home appliances and electronics retailer Gome announced that the company's first owned store will be launched in Mong Kok, Hong Kong in mid-October 2014. Wang Junzhou, general manager of Gome, said that the positioning of Gome Hong Kong store is as an international store instead of store of domestic products. For a certain period […]
2014-10-15
Asian private equity firm Baring Private Equity Asia has reached a US$3.2 billion first close for its sixth fund, according to media reports. Representatives at Baring declined to comment. Limited partners (LPs) in Baring's sixth fund include Pennsylvania Public School Employees' Retirement System (PSERS), which committed US$100 million. San Francisco City & County Employees' Retirement […]
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2014-10-15
Asian private equity manager Shaw Kwei & Partners has invested US$40 million in Germany's Schmid Group, according to media reports. Representatives at Shaw Kwei & Partners and Schmid Group did not respond to inquiries seeking confirmation of the news. The investment reportedly comes from Shaw Kwei & Partners' third fund, which was raised in 2011. […]
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2014-10-15
The author is Liu Li-Gang, chief economist of Greater China at ANZ China's consumer price index (CPI) inflation slowed sharply to 1.6% year-on-year in September, the lowest level since January 2010, compared with 2.0% in the prior month. On a monthly basis, CPI rose 0.5%, lower than 0.8% recorded last September. The sharp deceleration of […]
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2014-10-15
Taiwanese mobile phone chip manufacturer MediaTek saw a performance decline in September 2014, yet achieved a record-high quarterly revenue uptick. The company's overall operating revenue was NTD57.472 billion, which was about CNY11.6 billion, in the third quarter of 2014, representing record-high quarterly revenue for the history of the company. The company's latest performance report showed […]
2014-10-15
Despite a weak third quarter issuance of dim sum bonds, a type of bonds issued outside of China but denominated in Chinese RMB, Fitch Ratings still expects another record breaking year in 2014, says a research report issued by the rating agency. Total dim sum bond issuance in U.S. dollar terms fell by 65% to […]
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2014-10-15
Chinese Internet video company Youku-Tudou announced that the company has added two new executives: Chief Product Officer Gu Sibin and Senior Vice President Li Jie. As chief product officer, Gu will be responsible for product strategy and operations to promote the group's consumer-focused business. Gu is the first chief product officer since the founding of […]