Over the past several months, the number of jihadi recruits for the Islamic State from North Africa, particularly Morocco, has begun to diminish, thanks to the implementation of rigorous security measures. But, if the threat is to be eliminated entirel…

Beijing-based Chinese online grocery store Womai.com, backed state-owned food conglomerate COFCO, has raised US$220 million series C financing led by Taikang Life Insurance Company Limited. In a press conference held in Beijing, the company says that Baidu Inc. and two obscure Chinese private equity firms also participated in the round. China Money Network initially reported […]

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.

More reasons to doubt the official statistics

CITIC Capital Partners has completed the acquisition of Japanese footwear firm Akakura Co., Ltd. for an undisclosed amount to lead the revitalization of the over 60-year-old company, says an announcement. An industry specialist Masahiro Yamada has been appointed as the new chief executive to lead the restructuring process. CITIC Capital plans to continue operating the […]

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.

China Media Capital (CMC) has partnered with U.K. family entertainment firm Merlin Entertainments to set up a joint venture to develop a Legoland Park in Shanghai and other attractions across China, says an announcement. The move follows two important partnerships CMC made earlier this year, including a planned joint venture with Warner Bros. Entertainment Inc. […]

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.

Nomura Holdings, Inc. has appointed Johnny Heng as chief investment officer for its wealth management unit in Asia ex-Japan, says a company announcement. Heng, based in Singapore, will report to Nobuhiro Sano, head of wealth management Asia ex-Japan. In this newly created role, Heng will be responsible for the investment advisory and portfolio management teams […]

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.

Beijing-based women healthcare mobile app maker Dayima has completed RMB130 million (US$20.5 million) new round of financing from the private equity unit of Haitong Securities Co., nutritional and dietary supplements maker By-health Co., Ltd., and the company's founder, says Chinese media reports. Launched in 2012, Dayima received US$30 million series C financing led by Ceyuan […]

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.

Greater China-focused hedge funds gained 1.26% in September, compared with the CSI 300 Index, which was down 4.86%, and the global hedge fund index's 0.58% decline during the month, according to data released by industry data tracker Eurekahedge. The gain compares with a decline of 6.55% in August for China-focused hedge funds. Asia ex-Japan was […]

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.

German chip manufacturer Infineon announced that the company will invest USD300 million to build its second Chinese plant in Wuxi, Jiangsu. The new plant will be completed at the end of 2016 and the company…

Prime minister says he raised rights and dumping issues with Xi

Figures move between British politics and the corporate world