Sackings are never simple and can go haywire in a way that is all too common

U.S. hedge funds Tiger Global Management LLC and SRS Investment Management LLC have agreed to invest US$150 million in New York Stock Exchange-listed Chinese rental car company, eHi Car Services Ltd., to help expand its fleet, according to a company announcement. Through a private placement deal, the two funds will subscribe to eHi's newly issued […]

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Mark-ups ban cuts incentive to overprescribe but threatens to leave budget holes

War of words comes as Beijing releases robust white paper on defence policy

China's National Development and Reform Commission (NDRC) released a list of 1,043 proposed public-private partnerships (PPP) projects totaling RMB1.97 trillion (US$317.75 billion), and is inviting private capital to participate, according to a statement posted on the planning agency's website. The proposed projects are in the transport, water conservancy, natural resources, and public services sectors. China […]

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.

Metro China announced an upgrade to its e-commerce platform to cover multiple platforms such as online, offline and mobile devices throughout China. With the completion of the upgrade, Metro's online store will realize seamless access to offline physical stores based on customer location information. After consumers place their orders, all goods will be shipped from […]

Alibaba Group Holding Limited's logistics affiliate Cainiao has established its first supermarket distribution center in Chengdu. This new outpost will allow users in southwestern China to enjoy next-day delivery services for Tmall.com supermarket products. Investment totals for the new center were not made public. Cainiao also revealed plans to increase the number of supermarket distribution […]

Unisplendour Corporation Limited, a subsidiary of Tsinghua Holdings, will acquire a 51% stake in H3C from Hewlett-Packard for at about USD2.3 billion. The transaction is expected to close at the end of 2015 and it is still subject to the approvals of Unisplendour's board of directors and related government authorities. According to the agreement signed […]