The UN Security Council’s membership will be reconstituted in 2015, but it will not look very different from its predecessors. With many of the twenty-first century's most influential countries left out, the failure to reform the Council's structure is becoming a very big problem.
2014-10-28
Germany-based Hay Group has opened its new state-of-the-art forging site in Tianjin. With investments of approximately EUR45 million into vertical and horizontal forging technology in China, Hay says this move consolidates its position as a global player within automotive forging. The Hay Group, founded in Bad Sobernheim in 1925, is now bringing the most advanced […]
2014-10-28
Officials should instead be brushing up their Communist party ideology and discipline
2014-10-28
Territory’s top official says he was ‘misunderstood’ over his views on low-income voters
2014-10-28
Hangzhou City, Zhejiang province-based cloud storage service provider UpYun.com says it has received tens of millions RMB in series A financing led by Chinese venture firms CDH Investments and Songshu Capital, according to the company's official Weibo account. Shen Zhihua, UpYun's co-founder, says that the proceeds will be used to expand the company’s technology infrastructure, […]
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2014-10-28
Multinationals and official retail data tell a different story
2014-10-28
Shenzhen-based mobile advertising firm Lomark has received US$30 million series B financing led by Kleiner Perkins Caufield & Byers (KPCB), according to Chinese media reports. DFJ Dragon Fund, Shenzhen Fortune Venture Capital Co., Ltd. and Shanghai-based venture firm ABC Capital all participated. Founded in 2010, Lomark received undisclosed amount of investment from DFJ China in […]
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.
2014-10-28
CEC GreatWall Energy will raise over USD87 million dollars to fund the procurement and construction of multiple rooftop and ground mounted solar plants across the Guangdong and Jiangxi provinces, subject to the government final approvals. The projects will add a combined capacity of 60 megawatts of solar power generation across central and eastern China and […]
2014-10-28
Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. says its online travel business, Taobao Travel, will become an independent business and be re-branded as Alitrip, according to a company announcement. Like Taobao Marketplace, Tmall.com and Juhuasuan, Alitrip will be another marketplace platform under Alibaba Group with a new independent web domain www.alitrip.com. "This initiative 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.
2014-10-28
Yantai, Shandong Province-based Chinese drug-maker Luye Pharma Group Ltd., backed by Chinese private equity investors, has agreed to acquire the remaining 42.02% stake of Beijing Jialin Pharmaceutical Co., Ltd. it doesn't already own, according to a regulatory filing submitted on October 24. Luye Pharma, with shareholders including CDH Investments, CITIC Private Equity and New Horizon […]
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.
2014-10-28
Hugo Barra, global vice president of Xiaomi, recently issued a statement that claims Xiaomi is moving its international user data from servers in Beijing to U.S. and Singapore. This is reportedly a response to previous incidents which exposed that Xiaomi smartphones automatically returned global user data to Beijing servers. Chinese telecommunications regulations require Chinese companies […]