Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement on behalf of the two parties. Southeast Asia Telecom […]
2014-11-18
Shanghai-based Chinese rental car company eHi Car Services Limited has finally priced its U.S. IPO today after delays due to fraud allegations. Its shares have started trading on the New York Stock Exchange under ticker symbol "EHIC", according to an emailed statement. EHi is to offer 10 million American Depositary Shares (ADSs) at US$12.00 apiece […]
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2014-11-18
Beijing-based Chinese e-commerce firm Metao.com has received US$30 million series B financing led by Vertex Venture Holdings Ltd., a wholly-owned subsidiary of Singapore's Temasek Holdings, according to Chinese media reports. Morningside Ventures, Greenwoods Investment and existing investor Matrix Partners also participated. Representatives at Metao.com did not respond to requests to confirm the news. The company […]
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2014-11-18
California-headquartered mobile security and cryptographic technology firm V-Key Inc. says that it has received US$12 million series B financing from freshly established Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., according to a company announcement. An existing investor, venture capital firm IPV Capital, also participated. The company says it will […]
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2014-11-18
China's prolonged economic weakness has begun to affect the labor market, which has seen rising layoffs and companies' plans to freeze wages in 2015. Given Beijing's low tolerance for a deteriorating labor market, it may cut benchmark deposit rate by year-end to boost growth, says a research report by Standard Chartered. China’s economic downturn has […]
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.
2014-11-18
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, says it has completed an exit from Higashiyama Film Co., Ltd. by selling its stake to Japanese specialty chemicals firm Otsuka Chemical Co., Ltd. in a secondary transaction, according to a company announcement. No other details of the deal were disclosed. CITIC Capital […]
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2014-11-18
Beijing charges activist with ‘inciting subversion’ for posting messages of support
2014-11-18
But monthly falls are slowing, triggering tentative optimism that the market may be close to bottoming
2014-11-18
The fact that northbound quota for the Shanghai-Hong Kong Stock Connect program was filled in the early afternoon on the first day of trading is net positive for investors' long RMB positions, says a research report by Nomura Global Market Research. The pilot platform was officially launched on Monday. Northbound trading from Hong Kong 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.
2014-11-18
A new Deal between U.S.-based Apple and China's largest payment card is making mobile transactions easier for Chinese netizens. Apple announced that its App Store has added China UnionPay as a payment option for users in China. China UnionPay is the most popular payment card in China and will provide App Store customers with a […]
2014-11-18
Chinese iPhone and iPad users now have a new method to pay for App Store products. Apple announced that the App Store has added China UnionPay as a payment option for Chinese customers. China UnionPay is the most popular payment card in China and will provide App Store customers with a simple and more convenient […]
2014-11-18
Four of the five most popular shares were state-owned enterprises