The nation's new venture capital fund for emerging industries, totaling 40 billion yuan ($6 billion), is just around the corner, a government official said on Thursday.
V1 Group, a Chinese new-media enterprise featuring online video, has signed an investment contract with a Dubai-based TV station to become its major shareholder, in a bid to help Chinese companies promote their brands in the Middle East.
Editor's Note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Tiandy Digital Technology Co Ltd, one of the largest privately owned suppliers of video surveillance solutions in China that exports its innovative lowlight cameras.
Concerns grow over Federal Reserve's next move on interest rates
China Mengniu Dairy Co posted first-half revenue up 6.6 percent to 27.26 billion yuan ($4.1 billion) on the previous year, beating market expectations and taking its share price up more than 10 percent on Thursday, but the company also reported that profit declined in the six months to June.
Dutch high-speed trading firm IMC BV is being investigated by authorities in China for its activities in the country's stock-index futures market last year.
Despite the mainland's economic slowdown and increasing competition from local companies, most US businesses in China remain profitable and are optimistic about the market, according to the latest survey by the US-China Business Council.
China's investment assault on European football has gathered further momentum as a Chinese takeover of Premier League club Hull City appears imminent and multiple investors have lodged inquiries over taking a stake in Liverpool FC.
Editor's Note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Red Collar, a Qingdao-based Chinese leading menswear manufacturer that is integrating cloud computing technology, big data and the internet of things into clothes manufacturing.
Real estate and entertainment conglomerate Dalian Wanda Group Co expects to seal two billion-dollar film-related deals in the United States this year, chairman Wang Jianlin said, as China's richest man steps up his push into Hollywood.
CNOOC Ltd. posted its first-ever half-year loss as crude's plunge and writedowns on assets, including Canadian oil sands, destroyed profit at China's biggest offshore oil and gas producer.
Jiangxi Copper Co, China's biggest copper producer, said it will step up overseas mergers and acquisitions after low metal prices eroded profit by more than a third.
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