Couple claimed that drone footage was used by Kurdish fighters to identify military targets
2015-12-11
Top corporations in China will see their ratio of debt to earnings before interest, taxes, depreciation and amortization (EBITDA) increase further to five times in 2015, compared with 4.5 times in 2014 and 2.6 times in 2008, says Standard & Poor's Ratings Service. A five times debt to EBITDA ratio is considered highly leveraged, 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.
2015-12-11
NASDAQ-listed Chinese online travel services firm Ctrip.com International, Ltd. says that the Priceline Group Inc. and an undisclosed long-term private investment firm have each agreed to invest US$500 million in Ctrip via convertible bonds, according to an announcement. The combined US$1 billion investment will further solidify Ctrip's leading position in China's online travel sector, after […]
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2015-12-11
China's new RMB loans rebounded to RMB708.9 billion in November, compared with RMB513.6 billion recorded in October. Aside from seasonal factors driving up new loans, the rebound was weaker than expected and lower than the RMB852.7 billion in November 2014, indicating that domestic demand remained soft and banks were cautious to provide new loans amid […]
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2015-12-11
New York Stock Exchange-listed pharmaceutical research and development services provider WuXi PharmaTech (Cayman) Inc. has completed a US$3.3 billion go-private deal, in which it has been acquired by a group of private equity investors and company management, according to an announcement. The investor consortium includes Ally Bridge Group, Boyu Capital, units of Ping An Insurance […]
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2015-12-11
China’s state-owned Tsinghua Unigroup Ltd. plans to buy stakes in two Taiwanese chip-packaging companies, Silicon Precision Industries Co. and ChipMOS Technologies Inc. for US$2.1 billion, according to two separate announcements. The revelation follows a year of aggressive deal-making for the Chinese company, which has announced investments totaling more than US$20 billion this year. In the latest […]
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2015-12-11
Asian middle market private equity firm Olympus Capital Asia has invested US$45 million to Hong Kong-based Li Tong Group (LTG), which recycles mobile phones, game consoles and other electronic equipment for global technology companies, according to a company announcement. "E-waste recycling is the fastest growing segment within the recycling vertical," says Alexander Lui, managing director […]
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2015-12-11
Chinese billionaire captured global attention by buying some of the West’s best known brands
2015-12-11
Chinese multinational electronics company TCL announced that Yang Zhe, former China CMO of Huawei's consumer business, has joined TCL as the group's global chief operating officer and China president. Yang's predecessor Wang Jiyang resigned due to health reasons. In October 2012, Yang departed Samsung and joined Huawei. After that, Huawei's mobile phone brand style saw […]
2015-12-11
Chinese pharmaceutical retail chain Nepstar Drugstore published its financial report for the third quarter of 2015, stating that its operating revenue was CNY793 million and it saw net losses of CNY2.8 million. According to the…
2015-12-11
Nasdaq-listed Chinese online dating website Jiayuan.com announced a merger with its peer Baihe.com. With this deal, Baihe.com will acquire Jiayuan's American depositary shares and ordinary shares for consideration of between USD240 million and USD250 million. On the completion of the acquisition, Jiayuan will be delisted from Nasdaq. In addition, Wu Linguang, chairman and chief executive […]
2015-12-11
Tycoon Guo Guangchang linked by local media to anti-corruption drive