The Chinese conglomerate behind LeTV Holdings Co Ltd is considering at least 15 deals after hiring former Bank of America Corp dealmaker Winston Cheng to lead acquisitions and help expansion in the United States and Southeast Asia.
Standard Chartered among group of investors who have provided funds
Despite the weakness in energy demand due to the economic slowdown, China's privately owned natural gas distributor ENN Energy Holdings Ltd reported a 17.8 percent year-on-year growth in profit to 1.39 billion yuan ($217 million) during the first six months of the year.
Business travel spending in China is expected to grow by around 15.6 percent this year to about 126 billion yuan ($19.7 billion), making it the slowest growth in the last three years, said a new report.
Zhaopin Ltd, China's biggest job recruitment site, is looking to further consolidate its presence in the sector with more mergers and acquisitions, a top official said.
Auto firm eyes Dalian, Shanghai as possible new locations
Home-sharing startup Airbnb is gearing up for a deeper push into the booming market of Chinese travelers.
Financial services provider has seen significant rise in Chinese investment in the US over past five to 10 years
Alibaba Group Holding Ltd and Foxconn Technology Group pushed further into India by leading an investment of $500 million in Snapdeal that values the five-year-old online marketplace at about $4.7 billion.
Bad loans continued to rise at China CITIC Bank Co Ltd during the first six months of the year, putting more pressure on the lender's profit-making ability and risk controls.
China's thirst for luxury wine gave Australia's Treasury Wine Estates Ltd a surprise earnings boost, lifting profits above expectations and allowing its CEO to predict that the Asia unit will be its biggest by 2017.
Industries such as chemical production and real estate have scored high marks in a recent survey
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Raymond Zhou
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