The Chinese State Commission of the Central Commission for Discipline Inspection has disclosed that Lai Xiaomin, party secretary and chairman of China Huarong Asset Management Co., Ltd., was suspected of serious violation of laws and regulations and is…
JD.com To Acquire 33% Stake In Insurer Allianz China To Beef Up Financial Services
JD.com Inc., China’s second-biggest e-commerce company, will invest RMB537 million (US$85 million) in Allianz China General Insurance, taking a 33% stake and becoming its second largest shareholder, according to the announcement published by the Insura…
Beijing Opens Six Industries To Foreign Investment Amid US-China Trade Tensions
The Beijing city government has issued a notice to further relax restrictions on foreign investment in six key sectors, including science and technology, Internet and information, cultural and educational, financial services, business and tourism servi…
US Bans Technology Exports to China’s ZTE Over Trade Sanction Violations
U.S. companies have been banned for seven years from selling equipment to Chinese telecommunications company ZTE Corp. The ban stems from an earlier case in which ZTE plead guilty to violating U.S. trade sanctions on Iran. (more…)
US Bans Techno…
China’s Big Four AMCs Report Steady Growth In Assets And Solid Performance
China’s Big Four AMCs (Asset Management Company) have all published their operating performance of 2017, after China Huarong Asset Management Co., Ltd. and China Cinda Asset Management Co., Ltd. reported their results in Hong Kong last week. (mo…
Hellobike Raises $700M Round From Ant Financial And Fosun
Chinese bike sharing firm Hellobike has raised a new financing round of US$700 million from existing investors including Ant Financial and Fosun Group, as well as seven new investors, according to Chinese local media. (more…)
Hellobike Raises $7…
China’s Xiaomi Said Eyeing Camera Maker GoPro In Bid To Enter US Market
Shares of American action camera manufacturer GoPro Inc. jumped 8.8% in New York today on news reports that Chinese electronics and software company Xiaomi Inc. is considering making an offer for the U.S. company. (more…)
China’s Xiaomi Sa…
WeWork, Naked Hub Announce Merger To Build One-Million Member Asian Co-Working Giant By 2021
Co-working space operators WeWork China and naked Hub today announced a deal to join forces to build a community with one million members by the end of 2021, in the biggest deal for WeWork and the biggest deal for the co-working sector in Asia. (more&…
China-Russia To Form $3.1B Fund For Regional Economic Development
China and Russia will create a joint US$3.1 billion investment vehicle targeting economic development in the Far East and application of blockchain technology, according to an agreement signed at the Boao Forum. (more…)
China-Russia To Form $3.1…
HNA’s Tianjin Tianhai Buying Dangdang E-commerce For $1.2B Despite Debt Woes
Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group, best known for acquiring American company Ingram Micro in 2016, is acquiring the assets of e-commerce platform Dangdang for RMB7.5 billion (US$1.2 billion)….