Maimai.cn, China’s biggest rival to global professional networking giant LinkedIn, has secured US$750 million in a latest funding round from US top tech investors DCM Ventures and IDG Capital, and is now targeting an initial…
Tagged By beijing
China Tech Titan’s Touch Is No Guarantee of U.S. IPO Riches
Investors are learning that the backing of Tencent Holdings Ltd., China’s largest social network operator, is no guarantee of IPO riches. Stock buyers piled into the initial public offering of the Chinese technology titan’s e-book…
Despite Trump’s $250B announcement, companies hesitant to sign binding deals with China
During a five-country tour in Asia, President Donald Trump announced $250 billion worth of business deals with China, including the first-ever, long-term binding gas contract between the two countries. Continue Reading Below U.S.-based energy company…
Few banks seen queuing for China’s red carpet invite
“It would be very difficult for them to change the (business) landscape,” said a banker with an European bank. The bankers and lawyers declined to be named due to the sensitivity of the issue. The…
Beijing signals impatience at Hong Kong’s delay in enacting national security law
Beijing signalled on Thursday its impatience at Hong Kong for being slow to roll out a controversial national security law, suggesting that the absence of such legislation had been exploited by pro-independence advocates. Li Fei,…
China, Philippines agree to avoid force in South China Sea dispute
The joint statement, carried by China’s official Xinhua news agency, said China and the Philippines reaffirmed the importance of peace in the South China Sea and of freedom of navigation and overflight. There should be…
China finance official flags property tax in ‘near future’
BEIJING (Reuters) – China could implement a property tax in the “near future,” Huang Qifan, deputy chairman of the economic and finance committee under the National People’s Congress, said at a conference on Thursday. Huang…
China finance official: China property tax likely in next few years
BEIJING (Reuters) – China could implement a property tax within the next few years, Huang Qifan, deputy chairman of the economic and finance committee under the National People’s Congress, said at a conference on Thursday.…
China is about to take the entire global economy for a wild ride
The question is whether or not the Chinese government will solve this problem the way it always has — by making credit easier and putting aside the business of reform. The way the rest of…
Jessica Rudd steaks her claim on China
AACo’s new recruit, Jessica Rudd, is also the owner of Jessica’s Suitcase, an online business selling infant products and food and health supplements into China. Photo: Glenn Hunt Ms Rudd has more to her CV…
Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai…
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
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