Chinese investors, including property developers, have spent over US$1 billion in the past two years on European football clubs, reaping dividends from instant global branding and recognition. The onslaught into the European football scene gathered pace in 2014 after President Xi Jinping, a Manchester United fan, unveiled his strategy to make China “a world football […]
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Most people think of Yunfeng Capital as a private equity firm run by Alibaba Group Holding Ltd.’s chairman Jack Ma. But it has two co-founders, with the other key backer, Chinese entrepreneur David Yu, often unjustly overlooked. Yunfeng, named after the two men (with Yun coming from Ma Yun, Jack Ma’s given name in Chinese, […]
New Oriental Education & Technology Group Inc is planning a separate domestic listing for its online education unit, which was spun off from its parent in 2014, Yu Minhong, New Oriental’s co-founder and chairman, said today during a speech in Beijing. The unit, New Oriental Education Online, has 100% of its business in the online […]
Premier Li Keqiang led a State Council meeting and sent out a clear signal of another round of policy easing for the second time this year, says a research report by Gao Hua Economics Research. The State Council meeting laid out a few initiatives, including accelerating major investment projects outlined in the 13th Five-Year Plan, […]
The approval of the Shenzhen–Hong Kong (SZ-HK) Connect by China’s State Council came with a muted market response, which could overshadow what is likely a more favorable outlook for Chinese equities, the economy and investor risk appetite. Similar to the Shanghai-Hong Kong Connect that allows foreign and Chinese investors to trade on and offshore Chinese […]
Chinese television and gaming company Perfect World Co., Ltd. has agreed to acquire a struggling cinema chain Antaeus Cinema Line for an undisclosed amount, adding another deal to an active China cinema M&A market this year. In a regulatory disclosure filing (in Chinese), Shenzhen-listed Perfect World says it will acquire three units controlled by the […]
Prof. Li Zexiang (pictured) counts Chinese drone giant DJI as the most successful project incubated by him. But the Hong Kong University of Science and Technology professor has a much bigger dream: To incubate many more DJIs and make China a world leading nation for technology. Prof. Li, who specializes in computer science and engineering, […]
Tencent Holdings Ltd. has surpassed China Mobile Communications Corporation to become the biggest listed company in Asia in terms of market capitalization, which reached a whopping HK$1.976 trillion (US$255 billion) after its shares climbed 3.77% today. China Mobile’s market capitalization stood at at HK$1.974 (US$254.7 billion), while Alibaba Group Holding Ltd. has a market capitalization […]
The so-called government guidance funds in China have flourished since 2015, but they face a number of inherent challenges and are raising a difficult question: Can they guide capital to turn China into an innovative nation and allow investors to achieve decent returns? At the end of June, there were 911 government guidance funds in […]