Settlement with construction tycoon believed to be first of its kind by debt-ridden authorities

Shanghai-based fresh fruit e-commerce platform Fruitday has completed US$70 million series C round of financing led by JD.com Inc., according to an announcement posted on the company's Weibo account. Existing investors SIG Asia Investments and ClearVue Partners also participated. As part of the financing round, JD.com and Fruitday also plan to establish a strategic partnership, […]

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Guangzhou plans follows police raid to shut US group’s local office

U.S.-based Wal-Mart has found a way to hopefully increase sales by tapping into China's growing e-commerce user base. Wal-Mart has signed a deal with online payments provider Alipay, a service of Alibaba, to help consumers pay for goods in China. Wal-Mart will begin the cooperation within 25 of its outlets in Shenzhen. Based on the […]

Investment invited in 1,043 public private schemes

Tod's Group, an Italian maker of luxury shoes and other leather goods, announced its financial report for the first quarter of 2015, which indicated that the Greater China market contributed 20.9% of the total sales of the group. The group's sales reached EUR257.7 million during the first quarter of 2015, marking a year-on-year increase of […]

China Mobile Group's subsidiary China Mobile Communications Corporation will team with the State Development & Investment Corporation to jointly invest CNY2.55 billion to create a joint venture. The new joint venture, which is about 59% owned by China Mobile, will mainly focus on investments in mobile Internet sector and related upstream and downstream industries. China […]

Party cadres meet jailed colleagues to warn of the perils of graft