Youku making $1.6 billion investment in user-generated content over three years

Youku Tudou Inc, the Chinese online streaming site, is investing 10 billion yuan ( $1.6 billion) into being able to stream more and better user-generated content over the next three years.

Chinese carriers beat oil slump

Decision to stop 'hedging' on fuel prices proves winning formula for airlines

Hebei Iron, Tewoo eye Fortescue stake

Two State-owned Chinese companies are looking to take a stake in a leading Australian miner.

PBOC to continue prudent monetary policy

Central bank may consider more easing measures to ensure adequate liquidity

Renrendai disbursals in Q2 hit $1.4 billion

Renrendai.com, China's leading peer-to-peer lending company, had total transactions worth 9 billion yuan ($1.4 billion) by the end of the second quarter, and they could reach 15 billion by the end of this year, according to its half-year report.

NDRC plans steps to bolster bond market

The National Development and Reform Commission, the nation's top economic planner, said on Wednesday that it will come out with more initiatives to develop the debt market, particularly to boost funding for infrastructure projects and stabilize the overall economy.

Licai achieves huge success in first six months

How long does it take for a new company to emerge in China's already fiercely competitive peer-to-peer Internet finance sector? The answer is six months, as long as it has solid resources beyond cyberspace.

Trip-of-a-lifetime for 30 rural kids

A week in Beijing will hopefully lead to better opportunities for a group of underprivileged students

IN BRIEF (Page 18)

Reading between the lines of the e-book market

The industry is now worth $1.4 billion as the online reading craze tempts the big Internet players to move into the sector

New yuan channels to widen funding sources

Cross-border loan services to help lower finance costs for more domestic, overseas companies

Weak China sales may force BMW to revise full-year profit targets

Bayerische Motoren Werke AG said slowing sales in China may force it to revise this year's profitability goals, challenging new Chief Executive Officer Harald Krueger as he seeks to defend his lead in the global luxury car industry.