The People’s Liberation Army has undergone a brutal purge and root-and-branch overhaul under the ‘commander in chief’
2016-07-26
News media in China ostensibly operate to reinforce and promote the edicts and values of the government. And the government …
2016-07-26
Match scrapped due to state of the pitch, angering would-be spectators
2016-07-26
China wants to sell a total of 100,000 domestically produced industrial robots every year and leap into the Top 10 of the world's most intensively automated nations by 2020, says a Chinese official. Wang Ruixiang, president of the China Machinery Industry Federation, stated that the country's target is to reach 150 industrial robots per 10,000 […]
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2016-07-26
Hamilton Lane Advisors L.L.C. has reached final closing of a new global private equity fund-of-funds vehicle at US$516 million, exceeding its original target of US$400 million, the firm said in an announcement. Hamilton Lane Private Equity Fund IX, L.P. is the largest fund-of-funds ever raised by the firm, which has US$250 billion in total assets […]
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2016-07-26
Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement. The business unit being acquired is focused on categories such as central nervous system, pain and hormone space, including Rivastigmine, Buprenorphine, Fentanyl […]
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2016-07-26
Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement. The Alpha Data Center Fund has secured US$130 million, while the Alpha Asia Macro Trends Fund III has achieved US$280 million. The two funds, […]
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2016-07-26
Alibaba Pictures Group, the movie studio unit of Alibaba Group Holding Ltd., has unveiled a new RMB2 billion (US$300 million) investment fund to invest across the movie and television industry value chain, the company announced in a statement. Alibaba Pictures is partnering with Wuhu Gopher Asset Management to launch the vehicle, named Hainan Alibaba Pictures […]
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2016-07-26
Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors. In an announcement, Focus Media says it will partner with four investment firms including a unit of Zero2IPO and Fortune Venture Capital to launch […]
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.
2016-07-26
China's leading real estate online platform Fang.com announced a realignment of two of its top posts. The company plans to …