India today occupies a special position in today's world. Whereas many countries – advanced and developing economies alike – are experiencing a growing sense of economic anxiety and even gloom, India is a beacon of hope, positive change, and economic dynamism.
2016-01-13
China Unicom and Telefonica will establish a joint venture named Smart Steps Digital Technology Co., Ltd for big data services. …
2016-01-13
Shanghai-based steel B2B (business-to-business) platform Zhaogang.com, which just completed a RMB1 billion (US$153 million) new funding round last week, has hired former star television anchor at China's national broadcaster as senior vice president, according to Chinese media reports. Lang Yongchun, a veteran anchor at CCTV's news channel, will be responsible for the start-up's public affairs […]
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.
2016-01-13
A total of RMB11.4 billion (US$1.7 billion) have been raised via crowdfunding platforms in China in 2015, up over four times compared to the year before. The number is, however, only a quarter of the RMB49.5 billion (US$7.5 billion) that was expected to be raised for the year, according to data from Wangdaizhijia.com, a Chinese […]
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.
2016-01-13
A total of 41 venture and private equity investment deals in Chinese clean tech companies with aggregate deal value of US$1.2 billion were recorded for 2015, down 16.3% and 27.4% from the year earlier, respectively, according to data from ChinaVenture. But mergers and acquisition deals were active for the past year, with 568 transactions with […]
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.
2016-01-13
China’s exports rebounded to grow 2.3% year-on-year in December, much higher than the 3.7% drop in November and market consensus of a 4.1% contraction. Imports contracted 4.0% in December, from a decline of 5.6% in November, due to lower commodity prices. As exports rebounded strongly, the trade surplus widened to a sizable RMB382.1 billion, or […]
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.
2016-01-13
Shenzhen has joined Shanghai to tighten regulation and supervision over local P2P (peer-to-peer) platforms after numerous scandals emerged where individual investors suffered losses from shady P2P start-ups. The Chinese government has recently publicized a draft regulation to regulate and strengthen supervision over information intermediaries engaged in online lending. Shenzhen officials told Chinese media that 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.
2016-01-13
Hedge funds investing in the Greater China region posted their fourth consecutive month of gains and were up 3.46% in December. For the whole year, China-focused hedge funds posted returns of 12.08%, outperforming the CSI 300 Index by 6.5% in 2015, according to data released by Eurekahedge. On a year-to-date basis, Asia ex-Japan mandated hedge […]
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.
2016-01-13
Shanghai-based P2P (peer to peer) lending platform Dianrong.com has hired three veteran banking executives to join the start-up in leadership positions, says an announcement. Loh Long Hsiang, the former deputy head of origination and client coverage at Standard Chartered Bank (China), will join as chief operating officer and be responsible for the daily operations and […]
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.
2016-01-13
Asia's economic prospects have deteriorated, but the deterioration has been far less than in most other big emerging market economies. Therefore, Asia is the least ugly emerging market out there, at least for now, says a research report by Nomura. The bank expects China to face a steady structural slowdown in growth, but do not […]
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.
2016-01-13
Existing shareholders of Chinese online travel search engine Qunar are to sell a significant minority stake of Qunar to several unnamed non-U.S. investment entities, says a release issued by Ctrip.com International Ltd. The news follows a quasi-merger announcement between Ctrip and Qunar last October, when Baidu Inc. led a major share swap transaction valued at […]
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.
2016-01-13
China’s State Council has created a new department to coordinate financial and economic affairs, in an effort to streamline the government's oversight and management of the country's financial markets, according to media reports. The Chinese cabinet has upgraded its financial department to bureau level, and tasked the new entity to provide administrative coordination among China'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.
2016-01-13
CMC Holdings, an investment platform affiliated with CMC Capital Partners, has invested an undisclosed amount in Base FX, a Beijing-based visual effects and animation studio, according to media reports. Founded in 2006, Base FX provides character animation, special effects such as 3D matte painting to Hollywood film producers and movie directors in China. It has […]
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.
2016-01-13
Pact will allow Washington to counter more assertive Beijing in South China Sea
2016-01-13
The World Bank is quietly sliding into insignificance, as its core fee-paying clients increasingly turn to other lenders. If it is to survive, its management will need to streamline its loan approval processes and leverage the unique assets that distin…