Bright future ahead for nuclear energy graduates in China

Even though 2016 marks another year that growth of the Chinese economy has relatively slowed down and new college graduates would be affected by the downturn, graduates from nuclear energy related programs remain unfazed. According…


China Evergrande’s acquisition in Vanke alters significant shareholder landscape

As of market close on August 4, China Evergrande Group acquired a total 4.68% in Vanke for 9.11 billion yuan, making it the fifth largest shareholder in the latter and jacking up Vanke’s share prices…


Celebrities making a fortune off listed companies

According to the Shenzhen Stock Exchange’s most recently revised guideline on July 14, listed companies engaged in the broadcasting industries should actively disclose information relevant to entertainers involved in companies’ shareholding structures, in order to…


SPD Bank extends coverage for unauthorized credit card payments

Shanghai Pudong Development Bank (SPD) has released a credit card defraud plan at the end of July, reportedly catering to all of its credit card users who are, or will be potentially affected by unauthorized…


China Evergrande buys 4.68% stake in Vanke

Hong Kong listed real estate developer China Evergrande Group said in a statement that as of August 4, it had bought up to 4.68% of Vanke, another prominent Hong Kong listed Chinese developer mired in…


Wanda Cinema stalls Hollywood dreams due to alleged regulatory adjustments

Wanda Cinema Line issued an announcement on August 1 declaring a suspension of major assets restructuring involving Wanda Media and Legendary Pictures, and promised that no additional such moves would be made for the rest…


McDonalds and Yum! Restaurants continue to seek franchisees in greater China

Following McDonald’s and Yum! Restaurants’ fluctuations in sales over the years due to food safety issues and increase in consumer health consciousness, the companies have been accelerating their footsteps in seeking franchisers in the greater…


Slack summer season in box office following widespread fraudulent numbers

China’s theater box office in July dropped 18% y-o-y despite a traditionally hot summer season and second quarter, after authorities imposed a sanction on Ip Man 3 in March over inflated and fraudulent box office…


Taxi companies reducing common charges to handle competition from ride hailing apps

On August 1, China’s Ministry of Transport issued a new rule acknowledging the legal status of ride hailing vehicles, as well as requiring carriers to proactively bear the legal and financial burdens should accidents occur…


Baidu to terminate advertising on post bar

Baidu has invited more than 70 representatives nationwide who are the advertising operators of its forum-like Baidu post bar to Beijing on August 1, in discussion of the proposed termination of its advertising services on…


Tencent and Baidu back out of ecommerce endeavor led by Dalian Wanda

Ffan.com, an ecommerce platform originally set up in March 2015 by real estate conglomerate Dalian Wanda and internet giants Tencent and Baidu, is now entirely backed by Dalian Wanda after the latter two entities backed…


Shanghai DZH countersues CSRC over falsified 2013 earnings

Shanghai DZH Ltd, a Shanghai listed supplier of Internet financial information services, has countersued the China Securities Regulatory Commission on August 1 over the latter’s decision that it has falsified its 2013 earnings, prompting hundreds…


P2P platforms soon required to disclose all relevant information on periodic basis

The National Internet Finance Association of China has released an exposure draft to its members on August 1 in seeking feedback for its proposal to require online P2P firms to proactively disclose relevant information on…


Didi Chuxing acquires Uber China in $35 billion deal

Ride-hailing app Didi Chuxing said on August 1 to buy Uber’s China operations at a deal valued at $35 billion, putting an end to recent wars between the two. Specifically, the deal will give Uber…


License revoked for PE fund owned by son of Dalian Wanda founder

A total 8,270 “empty shell” private equity funds had their licenses revoked by the Asset Management Association of China (AMAC) on August 1, one of which include Prometheus Capital, a PE fund owned by Wang…