China's new RMB loans reached RMB1.02 trillion in February, beating market expectations of RMB750 billion, according to data released by the People’s Bank of China. Outstanding RMB loan grew by 14.3% in February year-on-year. The aggregate social financing was RMB1.35 trillion, also beating market consensus. China's M2, a broad measure of money supply, increased 12.5% […]

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Chinese e-commerce giant Alibaba Group Holding Limited and Shanghai-based auto maker SAIC Motor Corp Limited plan to establish an Internet automobile fund with RMB1 billion (US$160 million) in capital to foster the development of Internet-connected cars, according to a company announcement. The two parties will launch their first vehicle with the concept of "Car on […]

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To8to, an online interior decoration service platform in China, has completed US$200 million series C financing from New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc., Sequoia Capital, and Matrix Partners, according to a company announcement. The news came two days after 58.com announced that it was to acquire a minority stake of To8to for […]

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Shanghai-based Yelp-like review website Dianping.com has reportedly completed US$850 million series E financing from Singapore's Temasek Holdings and FountainVest Partners, according to Chinese media reports. Other potential investors include Chinese conglomerate Dalian Wanda Group and Hanking Family Office. Representatives of Dianping.com could not be reached for comment. The news came after Dianping's major rival, Meituan'com, […]

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Shanghai Electric changes show privatisation will not be a priority

The Ministry of Industry and Information Technology of China tracked over 5.4 million mobile phone apps from 135 Chinese app stores in 2014 and discovered 28,000 apps were malware. According to the ministry's website, those 28,000 malware apps were banned and removed from the app stores, and 155 other "bad software" were exposed. MIIT said […]

The annual cost of damage to commercial and residential buildings worldwide is now expected to average $314 billion, with the private sector bearing as much as 85% of the price tag. That is why hundreds of business executives are now preparing to atte…

When Bangladesh became independent in the early 1970s, following a bloody political struggle, US Secretary of State Henry Kissinger famously predicted that the new country's economy would be its Achilles heel. But Bangladesh has proved him wrong: the …