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VIPS owns Pui Fu, holder of a third party internet payment service license, since late September. The price was reported as either 330 million or 400 million yuan.
A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company's interim results in Hong Kong August 30, 2016. — Reuters picHONG KONG, Oct 3 — Shares in Chinese property developer Evergrande Group were suspended from trading in Hong Kong this afternoon, the stock exchange said, without giving a reason for the halt.
With China's cities drowning in debt, one megalopolis is getting its books in order by selling off trained dolphins, Australian iron ore, and life insurance companies.
The high-stakes battle for the control of China Vanke has raised the prospects of more takeover attempts on mainland Chinese stock exchanges, a trend likely to inject a much-needed vigour into the lacklustre market.
Partnering with China Resources is the only possible way for Hui Ka-yan to win in the game of control for China Vanke
Sydney’s trophy home market has again caught the attention, and deep pockets, of one of China’s wealthiest businessmen, leading food producer Sun Shaofeng.
A Chinese-owned milk powder company reprimanded by Prime Minister John Key for using his photo without permission in its advertising in 2012 has donated $25,400 to the National Party.
Hong Kong-listed Evergrande Real Estate, China’s second-largest residential developer has bought a stake in a Shanghai-listed developer and is circling a Shenzhen-listed real estate firm, in signs that the Chinese property major is exploring options in the country’s A-share market.
Beijing: Alibaba, China’s biggest e-commerce company, is building apartments to sell to its employees at a discount of about 40 percent, the media reported on Monday.