JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network. Investment institutions and individuals can buy JD Finance…
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JD Finance Is Raising New Funding At RMB50B Valuation
China's Chery files trademark complaint against Mercedes over green car brand
A Chery spokeswoman told Reuters on Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the…
China stun Koreans to keep World Cup hopes alive
Yu Dabao struck in the first half as Marcello Lippi’s China stunned South Korea 1-0 to keep their slim World Cup hopes alive on Thursday. The Beijing Guoan forward’s header ensured China’s first win of…
China's ZTE posts Q4 net loss after U.S. sanction case fine
HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a…
China, Nepal to discuss joint military exercises
China’s defence minister will arrive in Nepal later Tuesday for talks on joint military exercises, a meeting that will be closely watched by India as Beijing boosts its influence in the region. Chang Wanquan will…
China Steps Up Its Promotion of Global Trade
Mar.23 — Lowy Institute Fellow Thomas Wright discusses trade and protectionism, and weighs in on President Trump’s attempt to overhaul U.S. healthcare. Wright speaks on “Bloomberg Daybreak: Australia.” ( read original story …)
Canada gets green light to join controversial China-led infrastructure bank
The bank, which was established by China in 2015, aims to provide infrastructure capital … have said it plans to loan out $10-15 billion over the next five years. Finance Minister Bill Morneau has said…
Asia Financial to use asset sale windfall for special dividend, acquisitions
including UCF Group which is based in Beijing and Hong Kong which has businesses in financial technology, online wealth management, payments, health care and real estate sectors, a source familiar with the deal told the…
Smog-hit Beijing plans 'green necklace' to block pollution
BEIJING Beijing and the surrounding province of Hebei will plant trees, establish green belts and make use of rivers and wetlands to create a “green necklace” to protect China’s smog-hit capital from pollution, the Hebei…
China Mobile : service revenue growth hits five-year high
China Mobile, the world’s largest wireless provider by subscribers, booked operating revenue of CNY708.421 billion (USD102.872 billion) for the year to 31 December 2016, equating to a 6.0% increase year-on-year, whilst annual service revenue growth…
China Unicom’s Net Profit Decreased by 94.1%
China Unicom, a state-owned telecommunications operator, had an operating revenue of 274.2 billion yuan in 2016, a 1 percent year-on-year decrease. The company’s net profit for the same year was 630 million yuan, a 94.1…
China’s Leverage Love Affair Is Tricky to Break, PBOC Finds
The need for stronger action is becoming clear at China’s financial regulators, with further steps likely thanks to leverage that continues to mount. First in the line of fire was the bond market, which had…
Why is Spain in the middle of a spat between China and Taiwan?
These are external links and will open in a new window Spain could soon become the first European Union country to extradite Taiwanese criminal suspects to China, instead of their home island. In December, a…
