Alibaba, Yahoo, Software Settle Alipay Dispute
The new owner of Alipay would pay Alibaba Group 37.5 percent of the total equity value of Alipay, or a payment of at least 2 billion dollars and up to 6 billion dollars for any liquidity event.
Chinese Banks Can Sustain a 50Pct Drop in Property Prices: CCTV
The result of stress tests show that Chinese banks can sustain the worst scenario of a 50 percent drop in housing prices
China to Sign a $4 Bln metro Contract with Iran
Iran will sign a 4 billion U.S. dollars worth of agreement with China to develop the country’s underground traffic system
Chinese Market Contributes Nearly 1/3 of Apple Q3 Revenue
Apple has reported soaring revenue and profit for the third quarter this year, of which, nearly one-third coming from sales in the Chinese market
HK Bourse Warned of Frauds after Mainland Investors Cheated
Hong Kong Exchanges & Clearing Ltd. warned investors of a recent spate of fraud cases where individuals posing as HKEx-authorized representatives.
China Ministry of Railways Posted CNY15 Mln of After-Tax Profit in 2010
China’s Ministry of Railways posted an after-tax profit of 15 million yuan in 2010, down 99.45 percent from the previous year’s 2.743 billion yuan
China to Expand House Purchasing Restrictions to Smaller Cities
China plans to extend its home purchasing restrictions to smaller cities in the country after a recent spur of home price hikes in the so-called second and third-tier cities
Restrictions on 5.1Bln Yuan of AgBank Shares Expire
Restrictions on 5.114 billion yuan worth of holdings by the Agricultural Bank’s A-share strategic investors expire today, amid a sell-off of Chinese bank stocks on bad debt concerns.
China H1 FDI Rose 18.4Pct, at $60.89 Bln
June FDI at 12.863 billion U.S. dollars; Jan.-Jun FDI grew 18.4 percent y-o-y to 60.891 billion.
China Toll Roads Downgraded on Short-Term Debt Repayment Pressures
Advanced and excessive investment has already affected the credit for the toll-road industry
Four Mln Affordable Houses must be Completed This Year, Central Gov. Ordered
Beijing has ordered its local governments to complete the construction of at least 4 million affordable housing units by the end of this year
China to Invest over 1.5 Trl Yuan in Aviation in 5 Years
China will invest more than 1.5 trillion yuan in the aviation industry in the next five years to boost a “big upgrade” of the industry, the official China Securities Journal reported.
Baidu to Launches Largest Restructuring Programs in Decade
The restructuring program to be the largest in decade; senior vice president Shen Haoyu to resign; Business lines to be integrated into four departments
Japan Talks Big Calling China's High-Speed Railways Piracy of Japan Shinkansen, Says China Official
A Chinese railway official rejected numerous media reports from Japan that China has pirated technologies from the Shinkanse, Japan’s bullet train, calling it “brag.”
Tencent Purchases 15.68Pct of Kingsoft Stake for HK$892 Mln
Tencent Holdings Limited (00700, Hk) will buy a 15.7 percent stake in Kingsoft Corp. for 892 million Hong Kong dollars to expand in security services.
WTO Ruled Against China's Restrictions over Nine Raw Materials
Chinese restrictions on exports of nine raw materials violate global trade rules, a World Trade Organization ruled Tuesday, dismissing a claim that China is protecting the environment and exhaustible natural resources.
Lenovo, NEC Launches Japan’s Largest PC Group
China’s Lenovo Group and NEC Corp of Japan have announced Monday the launch of NEC Lenovo Japan Group, which becomes the largest PC brand in Japan with nearly one fourth of market share.
Shares of China Auto Maker BYD Surge 43.72Pct on Debut
Shares of BYD Co, a leading Chinese private auto and battery maker, jumped 43.72 percent Thursday in their debut on the Shenzhen Stock Exchange.
Corporate Bonds to Fund Home Projects Get Approval in China
China has granted formal approvals to local government financing vehicles as well as other qualified companies to issue corporate bonds to fund construction of affordable houses
China May Order 5-Bln-Dollar Airbus Jetliners- Media
China could order dozens of Airbus jetliners during a visit by Premier Wenjiabao to Berlin, a deal which worth about 5 billion U.S. dollars
China Everbright Bank Postpones Road Shows for Hong Kong Listing
China Everbright Bank cancelled a promotion plan to lure investors for its 6-billion-U.S. dollars initial public offering in Hong Kong, amid negative sentiments in the market.
China Banking Regulator Orders Banks to Cut Loans to Property Developers
China Banking Regulatory Commission has ordered the country’s lenders to cut loans to property developers, among others measures, to guard against risks in the real estate sector
Former Chinese Railway Official Says 350km/h High-Speed Trains Have Safety Concerns
A former railway official in China said recently that the claimed top speed of 350 km/h for high-speed trains was achieved at the cost of safety, after the railway ministry cut the operating speed for its high-speed trains below 300 km/h.
Lenovo CEO Yang Increases Stake
Lenovo Group Ltd. Chief Executive Yang Yuanqing has increased holdings of the company’s outstanding shares of about 8 percent from its biggest shareholder, Legend Holdings Ltd.,
China Provincial Gov. Comments on Business Closures, Listing Five Difficulties
The small-and-medium-sized businesses in the country are facing a new wave of closures
Alibaba Reorganizes Taobao into Three Units
Alibaba has announced today a decision to spit the online shopping mall into three companies to better meet customer demand.
S&P Downgrades Chinese Property Outlook
Rating agency Standard & Poor’s has downgraded its outlook for China’s real estate development sector to negative from stable, citing reasons of credit tightening in the country.
Yili Stocks Suspended Trading After Online Accusations
Inner Mongolia Yili Industrial (600887) Group Co. suspends trading since June 14, after accusations of insider trading by the company’s chairman were posted on the Internet.
China's Three Oil Giants may Get Pricing Power
China may give its three largest oil refiners pricing rights in the new proposed mechanism reforms.
China Official Warns Risks in Railway Development
A Chinese government official warned Thursday of hazard risks from the rapid development of railway construction, including possible attacks from extremists.
BYD Issues A Share IPO Prospectus; to Sell up to 79 Mln Shares
BYD, Co., the Buffett-backed private auto car maker in China, plans to issue up to 79 million shares in its A share initial public offering.
Yahoo Sued for False, Misleading Statements in a Class Action
Kendall Law Group has announced Wednesday a lawsuit filed on behalf of shareholders against Yahoo Inc, for alleged violations of the Securities Exchange Act of 1934.
Starbucks Acquires Full Ownership of over Half Mainland Stores
Starbucks Corp announced today that it has entered a joint venture deal in South China, giving it full control of more than half of its retail stores in the Chinese mainland.
Alipay Talks Strangled by Tough Opposition from Soft Bank
Settlements over the ownership shift of the online payment business Alipay has been strangled as Softbank chief expressed strong opposition over the matter.
Walmart to End Trust-Mart Deal, Two Top Executives Resigned
Roland Lawrence, Walmart's chief financial officer in China, and Rob Cissell, China chief operating officer, had both resigned “due to personal reasons to explore other opportunities.”
Shares Fall After Ku6 Sheds 150 Staff in Marketing Restructuring
Shares of Ku6 Media Co., Ltd fell on early trading today by 12.53 percent after the company slashed 150 employees in an effort to restructure the marketing department.
PetroChina Widens Refining Loss in April
PetroChina sustained a refining loss of more than 5.0 billion yuan ($768 million) in April.
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