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INTERVIEW: CMGE to play angel investor for small game developers

China Mobile Games and Entertainment Group Ltd. (CMGE.US), a unit of Hong Kong-listed VODone Ltd. (00082.HK), will focus more on angel fund investment in the smaller players in the industry, looking b ...More

EJ Insight2013-12-10

CSR lands 2 bln yuan Shenzhen subway deal, CNS says

CSR Zhuzhou Electric Locomotive Co., Ltd., a unit of CSR Corp. Ltd. (01766.HK, 601766.CN), has won a 2 billion yuan-plus (US$328.99 million) contract from Shenzhen's metro operator to supply subway ca ...More

EJ Insight2013-12-09

Alibaba Group investing HK$2.82 bln in Haier, report says

... logistics unit Ririshun, it said. The new logistics venture is expected to provide full support for Alibaba's e-commerce platform Tmall.com. Meanwhile, Alibaba will get 2 percent stake in Haier throug ...More

EJ Insight2013-12-09

Central bank sets RMB midpoint firmer at 6.1130

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi strengthene ...More

EJ Insight2013-12-09

COFCO unit official punished on gift-giving, SASAC says

... er of the unit, also got a “severe warning” from the SASAC discipline inspection commission after he was found to have arranged to give 113 presents worth a combined 53,788 yuan (US$8,836.23) to emplo ...More

EJ Insight2013-12-06

Central bank sets RMB midpoint firmer at 6.1232

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi was 6.0913 ...More

EJ Insight2013-12-06

Wuhan blacklists Country Garden unit over sales, Xinhua says

The Wuhan subsidiary of Country Garden Holdings Co. Ltd. (02007.HK) was blacklisted by the Wuhan Housing Administration Bureau for conducting property sales without the necessary permits, the official ...More

EJ Insight2013-12-06

4G launch gives lift to telecom equipment makers

... r banking unit will fall this year for the first time in a decade, while revenue will increase “at a low single-digit rate”. The counter tumbled as much as 6 percent on the news and ended the day with ...More

EJ Insight2013-12-05

China, HK agree on mutual fund recognition scheme, paper says

... ere 1,845 unit trust and mutual funds traded in Hong Kong. Of them, 318 -- or 17.2 percent -- were registered and run in Hong Kong, the report noted. -- Contact HKEJ at [email protected] EL/AC/RC   ...More

EJ Insight2013-12-05

Why Ping An is the next big thing in mobile payment

... ayment, a unit of  Tencent Holdings Ltd. (00700.HK). By embedding the payment service in WeChat, Tencent's popular social networking app, Weixin Payment has racked up impressive numbers worthy of Alip ...More

EJ Insight2013-12-05

Alipay to waive fees for mobile platform users, paper says

... Alipay, a unit of e-commerce giant Alibaba Group, said recently that it will start levying a fee of 0.1 percent of the transaction value. That translates into commission fees starting at 50 fen (8 US ...More

EJ Insight2013-12-04

Central bank sets RMB midpoint firmer at 6.1300

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall one percent from the daily reference rate. Spot renminbi strengthe ...More

EJ Insight2013-12-04

CSCL Shanghai deputy chief arrested, website says

Chen Fujiang, vice president of the Shanghai unit of China Shipping Container Lines Co. Ltd., (02866.HK, 601866.CN) has been arrested for unspecified reasons, shipping information website www.ship.sh ...More

EJ Insight2013-12-04

Rapid website response is everything in e-commerce

... a-Pacific unit of Nasdaq-listed Compuware Corp. Internet surfers have become more impatient and demanding as they have grown used to transferring their money, booking tickets or shopping online. Aliba ...More

EJ Insight2013-12-04

The Big Picture: RMB TRADE FINANCE

... e Chinese unit was in 20th place in payments in January last year, according to Belgium-based SWIFT, which provides transaction messaging platforms for banks, brokerages and corporates. The improvemen ...More

EJ Insight2013-12-04

Zheneng Electric to list in Shanghai after merger, paper says

Zhejiang Zheneng Electric Power Co. Ltd. is expected to list on the Shanghai stock exchange before the end of this year after a share swap deal with its unit Zhejiang Southeast Electric Power Co. Ltd. ...More

EJ Insight2013-12-04

US raises concerns about Seoul plan with Huawei, WSJ says

The United States is privately raising concerns with South Korea about a potential deal with Chinese telecom giant Huawei to develop the country's advanced wireless network, the Wall Street Journal re ...More

EJ Insight2013-12-04

Wahaha has bigger troubles than just an ailing mall

...  Vanguard unit owns convenience stores and mini supermarkets in more than 150 counties and townships. If Wahaha wants to sell its products through these outlets, it will have to pay a hefty licensing ...More

EJ Insight2013-12-03

HKEJ Today: Highlights

... ing opportunities in industries related to renewable energy, food safety and internet security. The PwC group posted overall revenue of more than US$32 billion in the year ended June, with about 27.6 ...More

EJ Insight2013-12-02

CapitaLand China unit eyes low-cost housing projects, WSJ says

Property developer CapitaLand's China arm is shifting its focus to low-cost homes, as it expects the nation's urbanization push to boost demand for residential property across all segments, the Wall S ...More

EJ Insight2013-11-29

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