china

China's Real Estate Sector Contributes to The Country's Economy Amid Weak Exports and Economic Slowdown

China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.

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Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor

Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.

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Silicon Valley on India: Striking The Iron While It's Hot

There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.

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Zimbabwe Government Robbed of Wealth, Takes Control of Diamond Mining Fields

The Zimbabwe government will now take control all of the mining fields in the country as the state is being robbed of its wealth. Billions of dollars have been stolen from the nation's treasure chest because of smuggling and swinding according to President Mugabe.

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Uber Spends and Losses Big on International Expansion, Challenged by Regulations and Rivalry

An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.

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China Will Relax Measures on Foreign Investment in High Tech and Green Industry

China will lower threshold for foreign investment and advance the revision on relevant regulation. China targets to attract more foreign investment in the country.

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China to lower cap on foreign investments in 2016

The world's second largest economy will lower threshold for foreign investments in 2016. The Commerce Ministry of China has confirmed that the government is in the process of lowering the limit on foreign investment for 2016 year. China recorded 6.4 percent growth in foreign direct investment during 2015.

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Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO

Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.

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Volkswagen Introduced Its New Luxury Sedan, Only for China Market

Volkswagen unveiled Phideon as its new luxury car today, ahead of Geneva International Motor Show. The successor of Phaeton will only be sold in China.

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ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

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Alibaba Resort to $4 Billion Loans For Expansion From Respective Banks

Alibaba plans of expanding and venturing into other business the reason it is seeking $4 billion in loans. It is already in talks with several banks and the request will be finalized by next month.

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Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

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PBOC Governor: China's Economy Is In Good Shape

PBOC governor Zhou Xiaochuan is confident to say that China's economy is healthy along with the assurance that yuan will not be devalued again and that the country has enough monetary tools to support the economy.

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Sands China Foresees Recovery in Macau Casino Industry as The Company Prepares Its Newest Parisian Resort

China’s leading developer and operator of integrated casinos in Macau, Sands China, anticipate the casino industry recovery after a prolonged decline in revenues. The company is also preparing to finish its newest project, The Parisian Macao, to be launched later this year.

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1955 Capital Firm Raised $200 Million Fund Targeting China

Former Hong Kong music popstar turned venture capitalist Andrew Chung established his own firm 1955 capital. With a $200 million fund, he expects to bring clean technology to China.

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