Chinese agriculture firm New Hope Group Co., Ltd. plans to invest RMB8.8 billion (US$1.35 billion) into pig farming in the next three to five years, potentially transforming the Sichuan province-based company to the largest hog production company in China. In a disclosure document (in Chinese), Shenzhen-listed New Hope says the investment plan is part of […]

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Apply Pay attracted over 30 million bank cards during the first day after it was officially launched in China at 5am on Thursday, according to Chinese official news site People.com.cn. The performance is much stranger than expected, as many users rushed to add their bank cards to Apply Pay on their mobile devices. But the […]

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ChinaEquity Group Inc., one of the earliest venture capital and private equity firms in China, named ten most promising sectors for venture investments in China in an article published on Chinese media. Founded by Wang Chaoyong, ChinaEquity Group was listed on the New Third Board at the end of last year before the exchange halted […]

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Private capital fund managers, including private equity, private infrastructure, real assets and private credit, raised US$44 billion for emerging markets globally in 2015, a 17% decline from 2014, according to data released by the Emerging Markets Private Equity Association (EMPEA). Private capital investment also decreased, as fund managers deployed US$29 billion in emerging markets companies, […]

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Alibaba Group Holding Ltd. has signed a strategic partnership agreement yesterday with China’s National Development and Reform Commission (NDRC) to jointly push the expansion of e-commerce in China’s rural areas, according to official Chinese media reports. NDRC and Alibaba plan to establish 300 pilot programs in rural villages and towns in the next three years. […]

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Twenty out of the 28 domestically listed coal companies in China reported a net loss in their result previews after excluding any one-off gains in 2015, reflecting enormous challenges faced by Chinese coal miners, says a research report by Fitch Ratings. There are 33 coal companies listed on China’s Shanghai and Shenzhen Stock Exchanges, 28 […]

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China’s consumer price index (CPI) rose to 1.8% year-on-year in January, slightly up from a 1.6% increase in December last year. The pick-up in inflation was largely driven by a 4.1% increase in food prices. Vegetable prices rose strongly by 14.7% year-on-year in January, due to adverse weather conditions and the Chinese New Year seasonality […]

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As domestic market uncertainties persist, Chinese outbound real estate investment reached nearly US$30 billion last year, doubling that of 2014, according to a new report issued by global property consultancy Knight Frank. The jump in overseas real estate investments by Chinese buyers is driven by the devaluation of the RMB and Chinese stock market turbulence, […]

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China’s new RMB loans hit a much stronger-than-expected RMB2.51 trillion in January, compared to market expectations of RMB1.9 trillion, and also much higher than December’s RMB600 billion. Household demand for bank loans was strong, especially for medium and long term loans, which accelerate further to RMB478 billion. Corporate demand was robust as well, with medium […]

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Alibaba Group Holding Ltd. bought 33 million shares of Groupon Inc., becoming the fourth-largest shareholder in the U.S. group buying site with a 5.6% stake, according to a disclosure document. Previously, the Chinese Internet giant acquired stakes in e-commerce start-up Jet.com Inc., augmented-reality provider Magic Leap Inc. and car-booking company Lyft Inc, all based in […]

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