If showing up is 80% of life, as Woody Allen once put it, at least 80% of foreign policy is following up. Smart plans, good intentions, and strong negotiating skills are essential components of diplomacy, but they are never enough – not even close.
2015-12-29
The domestic re-listing of Chinese online gaming operator Shanda Games Ltd. has stalled after Shenzhen-listed shell company Ningxia Zhongyincashmere International Group was sued by investors for overselling Shanda shares and improperly reducing their stakes, according to public filings (in Chinese). At least seven investors, including Shanghai Haode Asset Management and Ningxia Xiaoguang Equity Investment Partners, […]
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2015-12-29
Shanghai-based O2O (online-to-offline) education start-up Fancy Education has completed RMB120 million (US$19 million) series B round of financing led by Chinese venture firm Zhongjinxin Fund, according to Chinese media reports. Existing investor Ameba Capital and other unnamed investors also participated. The company's website posted news of the funding round, but did not provide details. Founded […]
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.
2015-12-29
Businesses told to find jobs for some of the 300,000 soldiers to be laid off as part of modernisation
2015-12-29
Nanjing city, Jiangsu province-based rural e-commerce start-up Huitongda has completed RMB500 million (US$77 million) series A+ round of financing from Jiangsu Coastal Capital and Huaxia Life Insurance Co., Ltd., according to Chinese media reports. The round follows a RMB500 million (US$77 million) series A completed in June this year. Chinese smartphone maker Xiaomi Inc. 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.
2015-12-29
International sportswear provider Adidas announced that they will open their sixth Adidas Brand Center in the world in Hong Kong's Central district during the first half of 2016. In addition, the company will open their…
2015-12-29
Canberra’s aim to boost trade with Asia by developing overlooked regions has raised fears over dependence on China
2015-12-29
The Caribbean island of Puerto Rico – the largest United States “territory” – is broke, and a human calamity is unfolding there. Unless a constructive course of political action is found in 2016, Puerto Rican migration to the 50 states will rival the scale of the 1930s Dust Bowl exodus.
2015-12-29
China Electronics Technology Group Corporation and Microsoft announced that the two parties will establish a joint venture to develop local operating systems in China. With registered capital of USD40 million, the new joint venture is 51% owned by CETC and 49% owned by Microsoft. After the signing of the JV memorandum of understanding, Microsoft will […]
2015-12-29
Propelled by its enterprise market services, a Huawei executive predicted that the company's global operating revenue for 2015 would reach over USD60 billion, representing a year-on-year increase of 29% compared with USD46.5 billion in 2014. Wu Dong, vice president for sales of global network solutions of Huawei enterprise business group, said that while most enterprises […]