Le Sports has agreed to acquire the exclusive live streaming rights covering five seasons for China’s top football league from CMC Capital Partners-backed Ti’ao Power, says the companies in an announcement. China Money Network reported on the rights purchase last week, which was reportedly worth RMB2.7 billion. The expected announcement today says that the two […]

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Performance among hedge funds globally is witnessing increasing dispersion, with top quartile managers delivering double digit returns while bottom quartile losing on average of 5% in 2015, according to an annual hedge fund survey conducted by Deutsche Bank. As a result, selecting the right hedge funds with a unique skill set and competitive advantage is […]

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Richard Liu, the chief executive of Chinese e-commerce giant JD.com Inc., says he has no plans to take the NASDAQ-listed company private because he is an entrepreneur and has no interest in short-term monetary gains, he told Sina Technology in an interview. Liu believes that JD.com is undervalued by the market sometimes, and admits that […]

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Pension funds in the Asia Pacific region are planning to allocate more into alternative investments including private equity and infrastructure, according to the results of a survey conducted by State Street. Among the 100 pension funds surveyed in the region, 57% plan to increase their exposure to private equity in the next three years, while […]

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China has the highest adoption rate among all major countries for ride share mobile app usage. Over 30% of iPhone users in China use at least one ride share mobile app, compared to around 10% in the U.S. and around 6% in Germany at the end of 2015, according to new research released by mobile […]

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From June 2014 to January 2016, China’s foreign exchange reserves declined by US$762 billion to US$3.231 trillion, with the drop accelerating over the past three months by US$295 billion or 39% of the fall since June 2014. This has sparked a debate over whether China will have adequate foreign exchange reserves to cover its future […]

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By Nina Xiang With the release of two brief announcements made by Chinese regulators over the weekend, Jack Ma, one of China’s most powerful entrepreneurs, saw a pillar supporting his vast business empire collapse. Over the weekend, the China Food and Drug Administration (CFDA) said it would suspend an electronic drug monitoring system operated by […]

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Apple Pay, which added over 30 million bank cards during its first day in China last week, agreed to lower fee standards and stricter security requirements in order to launch its services in China. According to an article published by Caixin Media, Apple is charging Chinese banks around half of the 0.15% fee previously under […]

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China’s labor force will be as educated as that of Germany in 2030, which will support economic growth in the coming decades for the country, says a research report by Standard Chartered. There are growing doubts about whether China can maintain high economic growth in the coming decades, driven by doubts about its ability to […]

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Shanghai-based ZTO Express is planning a U.S. initial public offering, seeking to raise between US$1 billion and US$2 billion this year or early in 2017, according to the Wall Street Journal citing people familiar with matter. The Chinese express delivery firm has invited banks to submit proposals for the offering by Feb. 25, and hasn’t […]

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