After the Hague-based Permanent Court of Arbitration ruled against China on its South China Sea territorial claims, an icy chill has swept the country's relationship with the Philippines. For the sake of peace, it is time to bring back some warmth.
2016-10-11
New technologies are emerging so rapidly that we are now having trouble coping with them. By affecting everything from the nature of work to what it means to be human, the latest industrial revolution could overwhelm us, unless businesses, governments,…
2016-10-11
The announcement that Indian commandos recently conducted “surgical strikes” on the Pakistani side of the Line of Control in Kashmir has disrupted the predictable pattern that has characterized the bilateral relationship in recent years. For Indians, their government's move against Pakistan-based militants was long overdue.
2016-10-11
President faces test of authority at Communist party congress next year
2016-10-11
Jurists demand withdrawal of rules that stop them courting public support via protests or internet
2016-10-11
Cathay Innovation, a venture capital fund affiliated with Sino-French investment firm Cathay Capital Private Equity, and Serena Capital have led a series B financing round in Alkemics, a French retail collaborative platform. Index Ventures, Partech International and SEB Alliance also participated in the round, which is worth tens of millions U.S. dollars and is one […]
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.
2016-10-11
Russian warplanes are bombing the civilian population of Aleppo, the country’s most populous city, to assist Syrian government forces attempting to take control of rebel-held areas. The world must not stand idly by in the face of a humanitarian catastrophe of historic proportions.
2016-10-11
Beijing-based private equity firm China Science & Merchants Investment Management Group (CSC Group) has agreed to a multi-million pound partnership with British start-up incubator Founders Factory to invest in artificial intelligence start-ups. No financial details were disclosed, but the two partners will jointly hire 60 people, invest in and grow five early-stage AI start-ups 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.
2016-10-11
Emerging markets-focused investment firm Actis is seeking to raise US$2 billion for a new energy fund to back electricity generation and distribution businesses in Latin America, Africa and Asia. The vehicle has received commitments from the Employees Retirement System of Texas, a public pension fund with US$21 billion of assets, and Danish pension fund Industriens […]
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.
2016-10-11
Xuele, a K-12 online education platform in China, has closed its series C financing round. Specific numbers on the round …
2016-10-11
GSR Ventures has led a series C financing round worth tens of millions U.S. dollars in Xuele, a K-12 online education platform. GSR Ventures previously invested in Xuexibao.cn, a similar K-12 online education platform that helps students do homework and provides online tutoring. Founded in 2002, Xuele operates Xuelecn.com and provides online study materials closely […]
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.
2016-10-11
The ratio of problem credit to total credit facing China's banks could triple to 17% by 2020, and banks may need to raise fresh capital of up to RMB11.3 trillion (US$1.7 trillion) if the growth of China's corporate debt does not slow, according to a report released by Standard & Poor's Global Ratings. The amount […]
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.
2016-10-11
Chinese online travel platform Tongcheng Network Technology Co., Ltd. has agreed to merge with Dalian Wanda Group's offline travel agency business, in a move that will accelerate Tongcheng's initial public offering plan. Beijing Wanda Tourism Investment, a unit controlled by the Wanda Culture Industry Group, will merge with a unit of Tongcheng via cash 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.
2016-10-11
Change to Chinese customs rule hits trade in buying western goods to sell at 50% mark-up back home