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Ageing populations, low investment and tightening monetary policy limit expansion
January 10, 2018 5:00 AMSHANGHAI • Alibaba Group Holding will "seriously consider" listing in Hong Kong, founder Jack Ma has said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings.
Decision reflects Beijing view cryptocurrencies are not a strategically important technology
January 10, 2018 5:00 AMHedge fund Argyle Street Management has joined forces with Lippo China Resources to make a voluntary unconditional offer for TIH.
President set to fly to World Economic Forum despite his criticism of global elites
China plans to put a former military commander on court-martial for alleged corruption, the latest high-profile case in President Xi Jinping’s push to root out graft in the armed forces.
A leading Chinese investment firm raised its forecast for China’s economic growth in 2018, citing stronger external demand and strength in consumption and manufacturing investment.
China’s corporate profits are expected to grow more slowly this year compared to last year, with the country’s gross domestic product likely to slow as well, according to UBS.
China’s leading ride hailing application Didi Chuxing said it would launch its own bicycle sharing platform in the near future, and at the same time, it is set to acquire local bike rental startup Bluegogo.
THE world economy is likely to grow more than 3 percent this year after it expanded a better-than-expected 2.9 percent in 2017, the Shanghai Academy of Social Sciences said in its world economic report
SHANGHAI stocks edged up yesterday for an eighth straight trading day, with investors pursuing shares of liquor firms and pharmaceutical companies.
The Shanghai Composite Index rose slightly by 0.13
Facebook and Xiaomi will release a virtual reality headset in the Chinese mainland market even though the US-based social giant’s service is not accessible here.
American private equity firm Warburg Pincus’s affiliate and Genesis Capital have invested US$120 million in a series D round in Chinese online tutoring start-up Zhangmen, the company announced in a press release today. Genesis Capital is a growth capital fund established by Kurt Xu, former head of investment at Tencent Holdings Ltd. Through Zhangmen’ online portal and mobile apps, students aged eight to 18 years can select teachers who have graduated from top universities, such as Tsinghua University and Peking …
Warburg, Genesis Capital Invest $120M In Chinese Online Tutoring Platform Zhangmen appeared first on China Money Network.
Move set to put pressure on market frontrunners ofo and Mobike and open way to mergers
But growth remains vulnerable to financial crises, inflation shocks and war
North Korea's nuclear program and its weapons arsenal is solely aimed at the U.S., a North Korean official said on Tuesday.
PARIS (Reuters) - European planemaker Airbus said it planned to boost the number of planes it assembles in China under a deal signed in Beijing on Tuesday to expand co-operation at its Tianjin assembly plant.
The Chinese Communist Party can be an intimidating presence and dealing with its coercive influence techniques is likely to become the greatest single challenge to Western-style democracies.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
DealShot: Advantech Capital, SDIC Lead $76M Round In China’s Biotech Firm KBP Biosciences appeared first on China Money Network.
"We will definitely seriously consider the Hong Kong market," Alibaba founder Jack Ma said Tuesday.
Ships on Tuesday combed hundreds of miles around the oil ship Sanchi, which burned days after colliding with another vessel.
SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings.
Vivien Wang from Chinese kindergarten company Etonkids Educational Group spoke with CNBC about tech in the classroom.
China’s fractured bike sharing industry just became more complex as car ride sharing giant Didi Chuxing announced the launch of a comprehensive bike-sharing platform. Under the plan, Didi’s car sharing app will integrate the services of its newly acquired bike sharing firm Bluegogo, as well as bike sharing giant ofo and potentially other bike-sharing partners. It will also include a DiDi branded bike-sharing service, which is under development. The announcement confirms rumors last week that Didi was acquiring collapsing start-up …
China Car-Sharing Giant Didi Chuxing Buys Bluegogo To Launch Massive Bike-Sharing Platform appeared first on China Money Network.
An Iranian oil tanker collided with a Chinese freight ship in the East China Sea.
Despite fears about financial stability in China, UBS is positive on Chinese financials this year.
Chinese tech giant Baidu Inc. has teamed up with Singapore technology conglomerate Asia Mobility Industries (AMI) to establish a US$200 million joint venture fund to promote Baidu’s open-source autonomous driving platform Apollo. Named Apollo Southeast Asia, the Singapore based fund will make direct investments in advanced mobility projects, technology exchanges, the establishment of research programs, and the commercialization of Baidu’s autonomous driving technologies in the region. Apollo Southeast Asia also aims to attract strategic partners to the Apollo platform. The Apollo …
China’s Baidu, Singapore’s AMI Plan $200M Fund For Apollo Autonomous Driving Platform appeared first on China Money Network.
Chinese gaming company Kunlun Group Ltd. has acquired the remaining stake of Grindr, a U.S.-based dating app for gay men, for US$152 million. The acquisition comes after Kunlun, listed on the Shanghai Stock Exchanged, acquired a 61.53% stake of Grindr in January 2016. This time, the company purchased the remaining 37.47% stake for US$152 million, valuing the social networking app at US$395 million, up from US$245 million two years ago. After the acquisition, Kunlun will hold a 100% stake in …
China’s Kunlun Acquires Gay Social Network App Grindr For $152M appeared first on China Money Network.
It might not be easy for foreign firms looking to install autonomous driving systems in Chinese cars.
Landmark inclusion of A-shares on MSCI’s emerging market index is just the beginning
Sequoia Capital China has participated in a US$40 million round in Sydney-based graphic design start-up Canva. The deal values the firm at roughly US$1 billion, making Canva Australia’s first “unicorn,” a term used for private companies valued at US$1 billion or more. The round was led by Australian investment firm Blackbird Ventures, with participation by American boutique venture fund Felicis Ventures, according to an announcement by Canva. Canva was launched in 2013, after CEO and Co-founder Melanie Perkins partnered with co-founder Cliff Obrecht to …
Sequoia Capital China Joins $40M Round In Australian Graphic Design Unicorn Canva appeared first on China Money Network.
Nio CFO Louis Hsieh discussed Tesla's potential move to China, saying he believes his start-up is up to the challenge.
SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, marking a potential boon for the financial hub which recently decided to move towards allowing dual-class share listings.
French president seeks better diplomatic and trade relations as US retreats from global stage
Investors are eagerly awaiting another "connect" program involving ETFs, according to UBS' China equities expert.
SHANGHAI (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, in response to an invitation from the financial hub's leader asking the company to consider doing so.
Chinese alternative asset management firm CDH Investments has invested an undisclosed amount of money in Huiyihuiying, a Beijing-based medical imaging technology company, according to Chinese media reports. The size of the fundraising and how Huiyihuiying is valued in the round remains unclear. Neither CDH or Huiyihuiying responded immediately to inquiries from China Money Network to confirm the information. Founded in 2015, Huiyihuiying specializes in medical imaging technology, including digitization of medical images, a medical image cloud platform, and medical image …
CDH Invests In Chinese Medical Imaging Firm Huiyihuiying appeared first on China Money Network.
January 09, 2018 10:27 AMHONG KONG (REUTERS) Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company's founder Jack Ma as saying - remarks which follow the city's decision to allow dual class share listings.
Liulishuo employs deep learning to create personalized English courses powered by AI.
U.S. investment firm Tiger Management Corp. and New York Exchange-listed education and technology firm TAL Education have invested in a US$100 million series C round in DadaABC, a Chinese online one-on-one English education platform, according to an announcement on the company’s official WeChat account. Founded in 2013, DadaABC’s services target children aged 4 to 16 and provides one-to-one classes with native English speakers. It also tailors its services to follow overseas curriculum, partnering with the American TESOL Institute, Pearson Test of English Academic, …
Tiger Global And TAL Education Join $100M Round In Chinese English Education Platform DadaABC appeared first on China Money Network.
HONG KONG (Reuters) - Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company's founder Jack Ma as saying - remarks which follow the city's decision to allow dual class share listings.
Market hit by oversupply likely to benefit from anti-pollution measures
January 09, 2018 5:00 AMDeveloper CapitaLand's announcement last week that it will divest 20 malls in China has cheered market watchers.
January 09, 2018 5:00 AMHONG KONG • A share surge at Country Garden Holdings, China's largest developer by sales, has sent vice-chairman Yang Huiyan's wealth up by US$2.1 billion (S$2.8 billion) - in just the first four trading days of the year.
January 09, 2018 5:00 AMHONG KONG • Hong Kong Exchanges & Clearing (HKEX) is considering rule changes aimed at increasing trading, according to chief executive officer Charles Li.
January 09, 2018 5:00 AMHONG KONG • Investors are still flocking to initial public offerings (IPOs) in Hong Kong, with a Chinese eye-clinic chain drawing the heaviest demand in over a decade even after some of last year's hot deals fell below their offer prices.
January 09, 2018 5:00 AMAs tech giants like Google and Uber can attest, China is a brutal place for global start-ups, but it could be a promising one for ambitious Singapore firms, said IE Singapore.
January 09, 2018 5:00 AMFRANKFURT • Mercedes-Benz yesterday said that it had defended its top spot as the world's biggest luxury carmaker last year, with a surge in sales, particularly in China, enabling it to clock up another record year.
Industry faces competition for young, affluent Chinese consumers as rivals catch up
January 09, 2018 5:00 AMHONG KONG • UBS Group is in talks to buy a majority stake in its Chinese securities joint venture, chief executive officer Sergio Ermotti said, as global banks rush to take advantage of Beijing's pledge to further open its financial markets.
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