By Selina Wang
Apple Inc.’s iTunes Movies and iBooks service were closed down in China last week, less than seven months after they started operations.
China’s integrated business park and suburban office operator D&J Industrial Property (China) Investment Co, majority-owned by global private equity firm Warburg Pincus, has subscribed for a 40-per-cent stake in KaiLong Group, the leading real estate investment management firm in Greater China.
The move is the latest in what’s already been a busy deal-making year for Wang, who’s also seeking to privatize his Hong Kong-listed property unit.
For Ctrip, the move may help to resolve a long-standing dispute with major Chinese carriers over the payment of agency commissions on international tickets.
China’s private-sector technology firms are taking advantage of mounting demand from investors fleeing debt risks at state-owned enterprises to raise cheaper cash.
Policy makers are cracking down on Internet-based unconventional financing that threatens to undermine financial stability and stoke social unrest after the failure of thousands of online peer-to-peer lenders, some suspected of fraud. Online financing added fuel to last year’s stock bubble.
China’s gold miners plan to extend the biggest buying spree in four years as the nation seeks greater clout in the global bullion industry.
Chinese mobile on-demand housekeeping services company eJiaJie has been listed on the local National Equitites Exchange and Quotations exchange (NEEQ), or also known as the country’s New Third Board.
Baidu video, Qiyi.com and Baidu’s group-buying service Nuomi will become the Chinese Internet company’s main pillars in its culture, entertainment and content business, Baidu told Chinese media.
Yaochufa seals $85m Series D, roseonly raises$29m Series C