12/23/2024 04:42:37 am
12/23/2024 04:42:37 am
Girish Shetti | Aug 29, 2016 07:07 PM EDT
China has been on the forefront of mergers and acquisitions (M&A) in Brazil this year, according to data compiled by Bloomberg. The data shows that Chinese companies have so far spent $4 billion to acquire new companies in Brazil, crossing the highest investment made in 2010. read more
Staff Reporter | Aug 29, 2016 10:13 AM EDT
China's industrial profit margin rose from 6.2 percent in June to 6.9 percent in July, according to data presented at Beijing, China on Saturday, August 27. read more
Charissa Echavez | Aug 27, 2016 06:05 PM EDT
Dalian Wanda Group, which is owned by China's richest man Wang Jianlin, signed a non-bidding framework agreement with local officials to establish a culture and tourism complex equipped with hotels and a theme park worth 63 billion yuan ($9.5 billion) in the northeastern city of Jinan, Shandong Province, the company announced on Friday. read more
Girish Shetti | Aug 26, 2016 03:45 PM EDT
Taiwan-based CTBC Financial Holdings and China's CITIC Bank Corp have canceled their plan to invest in each other's company amid on-going political tension between both countries. read more
Girish Shetti | Aug 26, 2016 01:25 PM EDT
Ant Financial, Alibaba Group's financial subsidiary company, is reportedly planing to make an initial public offering (IPO) in the Hong Kong stock exchange in the first half of next year. read more
Staff Reporter | Aug 26, 2016 12:18 PM EDT
Friday was a good day for stock brokers in Hong Kong and mainland China as it marked the end of three-straight days that their stocks depreciated. read more
Ellie Froilan | Aug 26, 2016 12:06 PM EDT
Uber plans to officially close down its business in Macau on Sep. 9 according to a statement signed by Asia-based Uber executives. read more
Jenia Cane | Aug 26, 2016 02:51 AM EDT
As Shanghai property prices continue to rise, city officials are eyeing to implement stricter financing measures for both homebuyers and developers in line with efforts to cool down the real estate market. read more
Girish Shetti | Aug 25, 2016 01:01 PM EDT
Alibaba Pictures, the entertainment division of Chinese e-commerce giant Alibaba Group, would invest 100 million Yuan (US$15 million) to secure an 80 percent stake in Hangzhou Cinema Company. The move would help Alibaba Pictures to further expand its reach in China's lucrative entertainment market. read more
Staff Reporter | Aug 24, 2016 03:36 PM EDT
Fugitive debtors have been exposed at downtown Yixing City, with their images being displayed live on street screens. A cash reward ranging from 20,000 yuan to 330,000 has also been offered. read more
Charissa Echavez | Aug 24, 2016 02:39 PM EDT
Chinese carrier Tianjin Airlines has launched a new service to Auckland, New Zealand, with flights to begin this December. read more
Charissa Echavez | Aug 24, 2016 02:31 PM EDT
China's state-backed grain trading firm Cofco Corp. announced on Tuesday that it would acquire the remaining 49 percent stake of Netherlands-based grain trader Nidera NV. read more
Charissa Echavez | Aug 24, 2016 02:22 PM EDT
Chinese insurer Anbang Insurance Group Co. has reportedly asked banks to pitch for role about a planned Hong Kong initial public offering (IPO) in 2017, sources familiar with the matter revealed. read more
Charissa Echavez | Aug 24, 2016 08:18 AM EDT
Beijing-based Miteno Communication Technology is reportedly acquiring ad-tech startup Media.net for about $900 million in cash, the advertising firm that powers the ads offered by Yahoo! and Microsoft's Bing announced on Monday. read more
Staff Reporter | Aug 24, 2016 01:49 PM EDT
Private investors would soon be able to compete equally with government companies in infrastructure development in China. This comes at a time when the world's second-biggest economy is experiencing low investment. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
