Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
Tags: China
Facebook says it may open sales office in China
Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.
China cements deal with Kenya to fund railway construction project est. $3.8 billion
Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.
Chinese smartphone maker Xiaomi to release first tablet: sources
Chinese smartphone maker Xiaomi will soon release its first tablet, sources with knowledge of the matter told Reuters, expanding the fast-growing company's product lineup in a potential challenge to Samsung Electronics Co Ltd and Apple Inc.
Nintendo to introduce console for emerging markets as early as 2015/16
Nintendo Co Ltd plans to introduce a new kind of games console and software for emerging markets as early as next year, to capitalize on higher entertainment budgets amidst a growing middle class, its chief executive told Reuters on Thursday.
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New York, US-based mobile gameplay-recording startup Kamcord raised $7.1 million in a Series A funding round led by TransLink Capital to conquer the giant gaming markets of Japan, China, and South Korea.
New York, US-based web performance monitoring firm Catchpoint Systems will be foraying into China and Russia, based on the pathway provided by their clients, indicating that Asia Pacific and Russia are the emerging markets in the industry.
US President Barack Obama is on his last leg of his Asian tour in countries including Japan, South Korea, Malaysia and on his last stop to the Philippines where the issue involving Beijing has become in the center point of the agenda.
BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.
Shanghai, China-based university applicant mentoring startup ChaseFuture bagged $400,000 in its seed funding round led by Banyan Partners and Harbor Pacific Capital to assist international students in university admission tests.
The Chinese government arrested some people and fined Internet giant Sina.com for publishing and distributing pornographic content on its website as part of China's "Cleaning the Web" campaign which is held every year.
American venture capital firm Domain Elite invested $6.5 million in Israeli endoscopy and colonoscopy products maker SMART Medical Systems to bring the latter's products to meet the demand for the said products in Greater China.
Beijing, China-based travel and expense management services provider Baoku pocketed $10 million in its Series A funding round led by China Broadband Capital (CBC) and Asiainfo-Linkage to help people reduce their travel costs by 20% to 50%.
The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.
