Europe's sense of itself as a safe and secure place disintegrated this summer. The tide of refugees flowing over its borders directly confronted the EU with the harsh realities from which it had appeared to be a sanctuary – realities which only European solidarity can address.
2015-09-30
Cut applies to vehicles with 1.6 litre engine size or smaller
2015-09-30
Move may worsen already strained relations between two countries
2015-09-30
Jiangsu province-based P2P (peer-to-peer) lending platform Kaixindai Financing Services has completed RMB200 million (US$34 million) angel investment from China Development Bank and other investors. China Development Bank Capital Corporation Ltd. and a group of financial services firms in Jiangsu province invested together, according to Chinese media reports. Kaixindai says it plans to use the proceeds […]
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2015-09-30
Shenzhen-based Dadabus, a mobile app that allows users to share customized bus rides, has completed RMB200 million (US$32 million) series B round of financing from Northern Light Northern Light Venture Capital and a new Chinese venture firm Jinqiao Capital. Launched in March this year, the six-months-old app maker has already received angel investment and RMB37 […]
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.
2015-09-30
American light luxury and high-end clothing designer brand Michael Kors opened a new store in Lotte Department Store Chengdu Global Center and it is Michael Kors' fifth store in Chengdu. On August 16, 2012, Michael…
2015-09-30
Japan's Toshiba Lifestyle Products & Services Corporation announced that starting from October 2015, the company will begin manufacturing and sales cooperation covering refrigerators, washing machines, and vacuum cleaners with Skyworth, a leading TV maker in…
2015-09-30
Questions on whether China has enough foreign reserves in the face of record capital outflows from the country are a reflection of extreme market pessimism. These doubts are easily resolved with some simple facts, says a research report by UBS AG. By the bank's estimation, China's official foreign reserves are four times China's total foreign […]
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2015-09-30
Shenzhen-based Idea International Development Limited, a smartphone 4G LTE solution provider, has completed US$35 million series A round of financing from an undisclosed investor, according to Chinese media reports. The company says it will use the proceeds to improve its research and development, as well as seek international cooperation and expand marketing efforts. Founded 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.
2015-09-30
With it's stock price dropping in the U.S., Alibaba Group announced plans to launch a dual-city operations strategy to better manage its varied assets. The company will base itself in Hangzhou and Beijing dual-center strategy. Beijing will be its base camp to promote its strategy execution and business development in the northern areas of China. […]
2015-09-30
Series of asset sales interpreted by some outlets as sign of fading confidence in mainland
2015-09-29
Renewal energy company UGE International Ltd. has signed an agreement to market and install solar panels on rooftops across China. UGE made the deal with real estate firm JLL and Blue Sky Energy Efficiency. The…
2015-09-29
In order to avert chaos, Germany has no choice but to impose restrictions on the influx of migrants. Doing so will allow Germany to concentrate on the task at hand: providing those granted refugee status the schooling and language lessons they will nee…
2015-09-29
The world’s obsession with the perceived rise and fall of the BRICS reflects a desire to identify the country or bloc that will take over from the US as global leader. But, in searching for the “next big thing,” the world is ignoring the need for the US to continue to engage globally.
2015-09-29
Alibaba Group Holding Limited and its financial services arm Ant Financial Services Group have agreed to make a strategic investment in One97 Communications, the parent company of India’s largest mobile payment and commerce platform Paytm, according to a joint announcement. Financial details are not disclosed. The investment follows an initial investment in One97 Communications by […]
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.
2015-09-29
Venture-backed Chinese ride share company Didi Kuaidi has invested an undisclosed amount in India's Ola, a local ride share start-up. The investment is part of Ola's latest financing round, which is reportedly US$500 million and values the start-up at US$5 billion. Didi Kuaidi's investment is around US$30 million, according to local Indian media. Didi Kuaidi […]
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2015-09-29
China's Okay Airlines, U.S.-based ATSG West Limited, and Chinese e-commerce firm Vipshop have established an express air cargo joint venture serving multiple destinations within China and surrounding countries. The JV will be named United Star…
2015-09-29
In this episode of China Money Podcast, guest Mark McFarland, global chief economist at private bank Coutts & Co. Limited, speaks to our host Nina Xiang. He shared his views on why investors should not focus too much on the near-term volatility in the Chinese economy and markets, why the RMB has limited space for […]
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.