China's Xiaomi Inc [XTC.UL] has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday.
Tags: Hong Kong
Asia slips amid Greek exit worries, dollar flags
Asian equities slipped on Tuesday as nervousness over Greece potentially withdrawing from the euro and escalating conflict in Ukraine sapped risk appetite, while the dollar lost steam after its payrolls-inspired rally.
China to crack down on foreign casinos seeking Chinese gamblers
China will fight attempts by foreign casinos to lure its citizens abroad, a senior police official said on Friday, which could deal a blow to the gaming firms in Macau and Asian countries that rely on these punters for most of their revenue.
Islamic finance looks to outgrow bad habits as it expands
After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.
Sunac China to buy 49.3 percent stake in troubled developer Kaisa: Caixin
Sunac China Holdings Ltd has agreed to buy a 49.3 percent stake in troubled Chinese property developer Kaisa Group, a report in financial news magazine Caixin said on Friday, citing an unidentified senior company executive.
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China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signaling persistent weakness in the economy but giving policymakers more room to ease policy to support growth.
When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city’s economy.
China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, said on Friday it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor similar to PayPal.
BYD Co Ltd 002594.SZ(1211.HK), the Chinese carmaker backed by Warren Buffett, said on Wednesday its chairman has increased his stake in the company and may buy more shares as a sign of confidence following the stock's record slump last week.
Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks.
Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said.
Chinese developer Dalian Wanda Commercial Properties Co Ltd will likely price its Hong Kong initial public offering in the upper half of expectations, IFR reported on Monday, citing a message from underwriters to investors.
Kuwait Investment Authority (KIA) and Och-Ziff Capital Management Group Ltd (OZM.N) are among the group of 11 investors that have committed about $2 billion towards Dalian Wanda Commercial Properties Co Ltd's Hong Kong initial public offering (IPO), a person with direct knowledge of the matter told Reuters.
Miami is readying for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
