Chinese billionaire Lei Jun finally has found a major cloud service provider for Xiaomi Corp, the fast-growing smartphone startup he founded nearly five years ago.
Xiaomi Corp, the privately owned Chinese electronics company, and other Chinese firms have joined in a $40 million investment in the United States technology startup Misfit.
PetroChina Co and three partners will invest more than $4 billion to drill for shale gas in China's most productive shale fields.
Shanghai Electric Power Co Ltd is in preliminary contact with top German utility E.ON over the possible purchase of its Italian assets.
CGN Power Co, China's largest nuclear power generator, is set to raise about $3.2 billion in Hong Kong's biggest initial public offering in two years, according to people with knowledge of the matter.
China will be at the forefront of the global push toward mobile computing, cloud services, big data/analytics, and social networking in 2015, and will account for almost half of all spending in those areas, according to predictions for the worldwide information and communications technology sector by a leading consulting firm.
Global food company H J Heinz Co will step up investment and add more products to boost its presence in China's fast-growing market for infant food, a top company official said.
China's mergers and acquisitions market was worth $355.8 billion in the first 11 months of the year, a 3 percent drop on 2013 but a 154 percent rise on 2008, according to a report by ChinaVenture Group.
Europe's main funds regulator has introduced a "fast-track" procedure for approving mutual funds that wish to participate in a landmark Shanghai-Hong Kong equity trading scheme.
China will establish a comprehensive system to monitor foreign companies' profitability to curb cross-border tax evasion, the State Administration of Taxation said.
Real estate developer Dalian Wanda Commercial Properties Co is likely to trim the size of its initial public offering in Hong Kong amid fresh concerns about rising debt levels and foundering sales for mainland developers.
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Raymond Zhou
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Chen Weihua
