Chongqing has replaced Beijing as the city with the worst traffic jams in China, and staff working at Qihoo 360 Technology Co. Ltd. get off work the latest among all Chinese Internet companies, according to a new report released by Didi Kuaidi and China Business Network. The report analyzes big data collected on Didi Kuaidi's […]
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The global augmented and virtual reality sector secured US$686 million investment in 2015, after six straight quarters of investment growth in the sector, says a new report by Digi-Capital. The research firm forecasts that the augmented and virtual reality market will hit US$120 billion by 2020, down from the US$150 billion estimate it made last […]
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U.S. theme park company Six Flags Entertainment Corporation says it has started construction of China's first Six Flags-branded theme park in Haiyan city, Zhejiang province, according to a company announcement. The Six Flags theme park in China, which is expected to open in 2019, is part of a RMB30 billion (US$4.6 billion) mixed use development […]
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The People's Bank of China's requirement on onshore RMB deposits by offshore financial institutions will have little impact on onshore liquidity and limited impact on offshore liquidity, but could lead to more capital outflows, says a research report by ANZ. The Chinese central bank will apply the general reserve requirement rule on onshore RMB deposits […]
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Cainiao Logistics, the logistics affiliate of Alibaba Group Holding Limited, is preparing to start a round of fundraising at a rumored valuation of RMB40 billion (US$6 billion), according to Tencent Finance. Founded in 2013 by Alibaba and a group of Chinese logistics firms, Cainiao previously disclosed that it planned to pump US$16 billion into the […]
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Televised confessions become favoured tool in crackdown on dissent
Warburg Pincus' former head of China and North Asia, Chang Sun, is not launching an agriculture-focused private equity fund. Instead, Sun has turned himself into an entrepreneur, starting an agriculture business to cultivate staple grains in China's Heilongjiang province, he told China Money Network in an exclusive interview today in Hong Kong. The formal Warburg […]
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Qualcomm and the government of Guizhou province signed a strategic cooperation agreement to establish a joint venture. The new joint …
Chinese energy group says low oil prices make operating ‘very difficult’
Companies are using online activity to determine credit ratings adding to fears about privacy
Deep faultlines threaten to scupper delicately poised rebalancing
Under today’s haphazard and archaic asylum rules, refugees must take enormous risks to reach safety, and the costs and benefits of helping them are distributed capriciously. Economists can help spur reform by testing which international rules and institutions are needed to improve an inefficient and often inhumane system.