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Macau’s Tai Fung opens in Shanghai

Macau’s Tai Fung opens in Shanghai

MACAU-BASED Tai Fung Bank yesterday launched its Shanghai branch to mark growing financial links between Shanghai and Macau under the Belt and Road initiative. It is the first Macau bank to open a branch ...

June 23, 2017, Friday


Digital coin sector expanding

Digital coin sector expanding

CHINA should closely monitor the increasing diversification of cryptocurrencies and establish itself as a strong global voice in the sector and its regulation, industry analysts said yesterday. Bitcoin ...

Rich Zhu | June 23, 2017, Friday


Unicom counts Alibaba, Tencent among investors to raise US$10b

Unicom counts Alibaba, Tencent among investors to raise US$10b

CHINESE tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around US$10 billion into mobile carrier China Unicom, part of efforts by Beijing to rejuvenate ...

June 23, 2017, Friday


JD.com in US$397m Farfetch investment

JD.com in US$397m Farfetch investment

JD.COM, China’s No. 2 e-commerce firm, said yesterday that it will invest US$397 million in fashion retailer Farfetch UK Ltd in a major move into the luxury and fashion segment as it moves toward a comprehensive ...

Ding Yining | June 23, 2017, Friday


China world’s new wine hot spot

China world’s new wine hot spot

WITH a middle-class increasingly thirsty for reds, whites and Italian bubbly, China is the hot ticket for wine traders looking for opportunities at this year’s Vinexpo industry extravaganza. The world’s ...

June 23, 2017, Friday

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Wanda funds more in its listed arm to fight back speculation

Wanda funds more in its listed arm to fight back speculation

SHENZHEN-LISTED Wanda Cinema Line Co surged 3.6 percent today after its parent firm Wanda Group announced the plan to increase the listed firm’s stake with no more than 1 billion yuan (US$145 million). ...

Zhu Shenshen | June 23, 2017, Friday


China a big buyer of German machine tools

China a big buyer of German machine tools

CHINA placed orders totaling 2 billion euros (US$2.2 billion) for German machine tool producers last year, up 25 percent from a year ago, as bolstered by China’s efforts to enhance manufacturing quality ...

Song Yingge | June 23, 2017, Friday


Johnson Controls sets up HQs in Shanghai

Johnson Controls sets up HQs in Shanghai

GLOBAL sustainable technology firm Johnson Controls Inc opened its Asia-Pacific headquarters in Shanghai yesterday, and its CEO Alex Molinaroli said “the world no longer flows West to East, but rather ...

Guo Ziqin | June 23, 2017, Friday


Retailers need to diversify distribution to survive

Retailers need to diversify distribution to survive

THE offer of multi-channel services is key for retailers to answer the challenging changes in demand of consumers, a latest study by consultancy McKinsey & Co shows. As many as 93 percent of consumers ...

Ding Yining | June 23, 2017, Friday


Shanghai stocks up 1.11% this week over

Shanghai stocks up 1.11% this week over

SHANGHAI stocks eked out small gains today as investors’ concerns over liquidity were eased, led by gains of property, telecommunication and consumer shares. The Shanghai Composite Index edged up 0.33 ...

Hu Yumo | June 23, 2017, Friday


Big investment for p2p platform of hotel industry

Big investment for p2p platform of hotel industry

DUOCAITOU, an online finance platform for accommodation industry, announced today that it has raised US$10 million in the latest round of financing with investors including DCM and Shunwei, whose co-founder ...

Zhu Shenshen | June 23, 2017, Friday


Asian women become more powerful at workplace: EY

Asian women become more powerful at workplace: EY

WOMEN entrepreneurs have become more powerful in Asia and Pacific region while balance between family and career remain the biggest challenges for women at workplace, EY found in its annual Entrepreneurial ...

Feng Jianmin | June 23, 2017, Friday


Geely expects high of Proton and Lotus after acquisition

Geely expects high of Proton and Lotus after acquisition

ZHEJIANG Geely Holding Group announced today that it has signed a final contract with DRB-HICOM of Malaysia, acquiring 49.9 percent shares of Malaysian automaker Proton and 51 percent shares of UK carmaker ...

Hu Yumo | June 23, 2017, Friday


Bad loan ratio falls as banks strengthen

Bad loan ratio falls as banks strengthen

CHINESE lenders saw their bad loan ratio decline by the end of May, fresh evidence of improved bank asset quality, the top banking regulator said yesterday. The bad loan ratio stood at 1.99 percent at ...

June 23, 2017, Friday


Mobike takes on Japan

Mobike takes on Japan

Mobike’s shared bikes are parked in Beijing. Mobike has set up a subsidiary in Fukuoka city in south Japan and plans to begin services later this year, the Chinese bicycle-sharing startup said yesterday. The move into one of Japan’s largest cities marks the latest overseas venture for the firm, which has already launched services in Singapore and the UK. The company has operations in around 100 Chinese cities and has raised more than US$900 million since October. ...

June 23, 2017, Friday


 

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