At the end of 2015, the EU could look back on a year when European solidarity withstood what may have been the greatest trials it has faced since the end of World War II. European solidarity will prevail in 2016 as well, so long as member states' leade…
2016-01-08
Miscalculations raise questions about China’s commitment to markets reform and leaders’ competence
2016-01-08
Queues form outside Shenzhen banks as regulator orders them to limit clients’ dollar buying
2016-01-08
Fosun International Limited has agreed to increase its stake in German lifestyle clothing company Tom Tailor Holding AG to more than 25%, but below 30%, for an undisclosed amount, says an announcement. In 2014, Fosun International teamed up with Tom Tailor's management team to buy a 23.16% of the Frankfurt-listed company for reportedly €87.5 million […]
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.
2016-01-08
A child healthcare center founded by well-known Chinese pediatrician Dr. Cui Yutao has received US$10 million series B round of financing from an investment arm of Chinese real estate developer Longfor Properties Co. Ltd. and healthcare-focused venture firm HighLight Capital, according to Chinese media reports. The company says it will use the proceeds on developing […]
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.
2016-01-08
Frenchman Alain Perrin departs after string of sub-par results
2016-01-08
US says China cannot ‘continue business as usual’ with Pyongyang
2016-01-08
Beijing-based Jerry Education has received RMB260 million (US$40 million) series A financing from a joint venture fund established by Sailing Capital and an investment unit of Shanghai Jiao Tong University, according to Chinese media reports. Jerry Education, which was established in 2004 to provide traditional tutoring service to primary and secondary students, says it will […]
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.
2016-01-08
China-fuelled volatility sees big fund redemptions in US and share-selling from Germany to Japan
2016-01-08
Shenzhen Qianhai Fund-of-funds has been established today with RMB21.5 billion (US$3.3 billion) in total capital commitments. It is the largest commercial fund-of-funds entity in China, according to Chinese media reports. The fund-of-funds attracted well-known Chinese investors as limited partners, including Neil Shen, managing partner of Sequoia Capital China, Xiong Xiaoge, founding partner of IDG Greater […]
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.
2016-01-08
Yang Yuanqing, chairman and chief executive of Lenovo Group Ltd., says he expects smartphone demand in Brazil and India to compensate the decelerating Chinese market, and to contribute to the company's bottom line in the next few quarters, according to Chinese media reports. Chinese smartphone market is expected to grow less than 1% compound annual […]
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.
2016-01-08
Chinese online financial services platform Shanghai Lujiazui International Financial Asset Exchange Co. Ltd., also known as Lufax, has completed US$900 million new round of financing last month with a post-money valuation of US$18.5 billion, according to an investor document obtained by Tencent Technology (in Chinese). The valuation is much higher than reports that emerged last […]
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.
2016-01-08
Intel CEO Brian Krzanich says that China is quickly becoming an innovation center in the world, and his company is helping the country's historic transition to "Innovate in China" from "Made in China", he told reporters from Tencent Technology at the CES 2016 in Las Vegas. Krzanich says that he does not look at 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.
2016-01-08
Chinese P2P (peer-to-peer) lending firm Yirendai Ltd., which raised US$75 million via an initial public offering on the New York Stock Exchange last month, has appointed LendingClub's former chief risk officer Chen Chaomei as a member of the company's advisory committee, effective January 7, 2016, says an announcement. Chen will provide strategic advic to Yirendai's […]
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.
2016-01-08
Ctrip.com International, Ltd. has agreed to invest US$180 million in India's largest online travel company MakeMyTrip Limited, both listed on the NASDAQ, via convertible bonds in a move to expand internationally, says a company announcement. MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market. Combined with shares convertible under the convertible […]
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.
2016-01-08
Six months after two competing bidders tried to take New York Stock Exchange-listed China Cord Blood Corporation private, the two rivals have reached a complicated compromise deal in a step closer toward the finish line. Hong Kong-listed Chinese healthcare firm Golden Meditech Holdings Ltd. has entered into a conditional sale and purchase agreement to sell […]
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.
2016-01-08
Chinese telecom device maker ZTE announced that its subsidiary Nubia plans to increase its capital and stock by introducing Suning Rundong, a subsidiary of Suning, as an investor. At the same time, ZTE will give up its priority of subscription rights in the listed business. According to the report published by ZTE, Suning Rundong will […]