Markets

Jumei Agrees to Sell Half of Its Babytree Shares Before New Investor Swoops In

Jumei Agrees to Sell Half of Its Babytree Shares Before New Investor Swoops In

Jumei International Holding will sell more than half of its stake in China’s biggest parenting website Babytree for USD86.5 million before the maternity platform closes a new funding round.

May 29, 2018
Liao Shumin
Shanghai Bourse is Well-Prepped for CDR Pilot, Senior Executive Says

Shanghai Bourse is Well-Prepped for CDR Pilot, Senior Executive Says

Shanghai Stock Exchange has completed technical preparations ahead of reforms that will encourage more companies to consider listing on the…

May 29, 2018
Yuan Ziyi
China’s Largest Aluminum Producer Heads South to Gain Access to Yunnan’s Smelting Capacity

China’s Largest Aluminum Producer Heads South to Gain Access to Yunnan’s Smelting Capacity

Aluminum Corporation of China, Chinalco, and the provincial government in southwestern China’s Yunnan province will initiate large-scale cooperation in…

May 28, 2018
Xu Wei
Xiaomi to Launch World's Biggest IPO Since Alibaba in July

Xiaomi to Launch World's Biggest IPO Since Alibaba in July

The world’s fourth biggest global smartphone maker Xiaomi has finalized its plan to go public in the first half of…

May 28, 2018
Liao Shumin
Orbita Aerospace to Offer Its Satellite Data on World’s First Global Big Data Exchange in South China

Orbita Aerospace to Offer Its Satellite Data on World’s First Global Big Data Exchange in South China

Zhuhai Orbita Aerospace Science & Technology’s satellite data will be exchanged and traded in Global Big Data Exchange, GBDE, in Guizhou, capital of South China’s Guizhou province.

May 28, 2018
Dou Shicong
[Exclusive] DunAn Tackles Short-Term Solvency But Faces Rocky Road Ahead

[Exclusive] DunAn Tackles Short-Term Solvency But Faces Rocky Road Ahead

Debt-laden conglomerate DunAn Holding Group has managed to pay off CNY900 million (USD141 million) worth of mid-term borrowing, but is…

May 28, 2018
She Qingqi
China's A-Share Cash Dividends Exceed CNY1 Trillion as More Firms Share Profits

China's A-Share Cash Dividends Exceed CNY1 Trillion as More Firms Share Profits

Chinese mainland-listed firms paid out record dividends exceeding CNY1 trillion (USD106 billion) in dividends last year, as more firms followed the…

May 25, 2018
Liao Shumin
China Doubles Currency Swap Deal to USD3.1 Billion to Replenish Pakistan's Falling Reserves

China Doubles Currency Swap Deal to USD3.1 Billion to Replenish Pakistan's Falling Reserves

China has doubled the size of a currency swap agreement with Pakistan by adding CNY10 billion (USD1.57 billion) to the…

May 25, 2018
Xu Wei
Auto Dealer Pang Da Group Plans Overseas Debt Issuance to Ease Fund Pressure

Auto Dealer Pang Da Group Plans Overseas Debt Issuance to Ease Fund Pressure

Less than two weeks after announcing it will sell all assets of its five Benz 4S shops in North China,…

May 25, 2018
Tang Shihua
HKEX CEO Charles Li Alerts Investors to Risks Associated With Investment in Biotech Firms

HKEX CEO Charles Li Alerts Investors to Risks Associated With Investment in Biotech Firms

Retail investors unfamiliar with the biotech industry must be cautious when making investment decisions and may consider investing in biotech…

May 24, 2018
Luo Qi
Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years

Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years

Foxconn Unit Plans to Raise USD4.2 Billion in China’s Biggest A-share IPO in Three Years. Foxconn Industrial Internet Co. will…

May 23, 2018
Xu Wei
Chinese Firms Have Defaulted on USD3 Billion in Bonds So Far This Year

Chinese Firms Have Defaulted on USD3 Billion in Bonds So Far This Year

Eleven companies have defaulted on 21 bonds in China so far this year, totting up CNY19 billion (USD3 billion) in…

May 23, 2018
Xu Yanyan

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