BEIJING/SHANGHAI (Reuters) – China Huarong Asset Management Co Ltd (HKSE:2799.HK – News) will focus on its core bad debt business, the company said, amid investigations by the official anti-corruption watchdog of its chairman, Lai Xiaomin,…
Featured Posts Title
‘Americas Counter Cartel Coalition’: Inside the US strategy to combat narco terror, confront China, other foes
China protests to Japan about Tokyo embassy break-in
China’s Xi urges progress in his ‘city of the future’ project
China Says Japan Self-Defense Member Broke Into Tokyo Embassy
China complains to Japan about Tokyo embassy break-in
Beijing demands probe as Japanese ‘officer scales wall into Chinese embassy’
Air China launches Beijing, Chengdu routes to Brussels
Recent Posts
China Huarong to refocus on bad loans amid probes into chairman, investment
China’s Ant Financial says raises $14 billion in funding round
SHANGHAI (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform by market share, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private…
Ant Financial Raises $14 Billion as Latest Funding Round Closes
China’s Ant Financial, the payments giant controlled by Jack Ma, raised about $14 billion in its latest funding round as it accelerates the expansion of Alipay globally and develops new technology. The funding makes Ant…
China’s Ant Financial raises $14 billion to bolster global push
SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private equity firm Warburg…
China’s Ant Financial raises $14 billion in new funds
China’s Ant Financial announced Friday that it raised around $14 billion in fresh funds from investors. The company, which was spun off from Alibaba , is a major player in China’s massive financial technology landscape.…
China moves to cash in after Trump exits Iran nuclear deal
China’s adeptness at doing business with Iran through state-owned companies not exposed to the American financial systems could make Beijing the big beneficiary of President Trump’s move to withdraw from the Iran nuclear deal and…
What Will The Effects of a Mizuho Securities Downgrade Be For China Unicom (CHU) Shares?
In a research report published on Thursday, 7 June, Mizuho Securities announced that they will be downgrading shares of China Unicom (CHU) from a Neutral to a Underperform rating. The stock increased 0.87% or $0.12…
A Guide to China’s $10 Trillion Shadow-Banking Maze
Shadow banking in China has ballooned into a $10 trillion ecosystem which connects thousands of financial institutions with companies, local governments and hundreds of millions of households. The practice is now at the center of…
Is Mizuho Securities Now Negative on China Unicom (NYSE:CHU) After Recent Downgrade?
In a research report sent to investors and clients on Today, research analysts at the Mizuho Securities equities division cut the stock rating for China Unicom (NYSE:CHU) shares to a Sell. The stock decreased 2.08%…
The Reborn Bling Dynasty in China
Any move to dampen China’s runaway urban property markets could hit the luxury industry very hard. Yet the new boom has also brought a new risk: Falling out of fashion. Luxury brands have historically tried…
E-Commerce Incubator Brings Indie Foreign Brands To Millennials In China
Brands can have a hard time finding an audience in an age where everyone fights for attention on social media. China e-commerce company Alibaba Group is using its Taobao Global incubator to give small to…
U.S. reaches deal with China’s phone maker ZTE: Commerce Secretary
He added that he did not think the arrangement would have any effect on tariff talks with China. “We think this settlement, which brought the company, a $17 billion company, to its knees, more or…
China will see the biggest boost in World Cup ad dollars – even though it didn’t qualify
Businesses in China are set to spend an additional $835 million on advertising ahead of the World Cup, which starts in a week’s time. The twist is that the Chinese didn’t qualify for the soccer…
