Posted by: Sijia Xie on Jul 05 2010

A private equity firm of Goldman Sachs (NYSE:GS) is the final stages of negotiating the acquisition of a 12% stake in China's fourth largest insurer Taikang Life Insurance for $1.05 million from French-base AXA SA (NYSE:AXA), National Business Daily reported June 29...

Posted by: Ana Swanson on Mar 05 2010

Online travel services provider Ctrip.com International (Nasdaq:CTRP) has priced its follow-on public offering of 5.7 million American depositary shares at $36 per ADS on March 3, the company announced March 4...

Posted by: Ana Swanson on Mar 03 2010

Online travel services provider Ctrip.com International (Nasdaq:CTRP) intends to offer 5.7 million American depositary shares, each representing 0.25 ordinary company shares, and will grant the underwriter an option to purchase up to 855,000 additional ADSs, Ctrip.com announced March 3...

Posted by: Sophia Fu on Sep 22 2009

Hong Kong's Hang Seng Index rose 1.06% to close at 21,701.14 on September 22, in main board trading volume of HK$49.95 billion.

Telecom shares rose Tuesday, following carriers' announcements of August user statistics on Monday...

Posted by: Sophia Fu on Sep 21 2009

An unnamed source says Geely Automobile Holdings (0175.HK) plans to raise $250 million through a stake sale to Goldman Sachs (NYSE:GS), giving Geely funding to acquire Ford Motor Company's (NYSE:F) Volvo business, reports Oriental Morning Post...

Posted by: Ana Swanson on Sep 04 2009

Shanda Interactive (Nasdaq:SNDA) subsidiary Shanda Games Ltd (SDG) has filed a registration statement for an initial public offering with the U.S. Securities and Exchange Commission, SDG said September 4...

Posted by: Jessica Jin on Sep 03 2009

An unnamed source says Shanghai-based real estate company Glorious Property Holdings plans to begin a road show on September 7 to raise as much as $1.5 billion (RMB 10 billion), reports Oriental Morning Post...

Posted by: Steven Ho on Jun 11 2009

China Ping An Insurance (2318.HK, 601318.SH) (Ping An) is on its way to becoming a true financial powerhouse by building up its banking business to match revenues with its core insurance and investment units...

Posted by: Jessica Jin on Apr 16 2009

Shanda (Nasdaq:SNDA) plans to separate its game business for an independent Nasdaq listing and hopes to complete the split in late 2009, reports 163.com. The company will choose two underwriters from JP Morgan, Goldman Sachs and "Citi" (this generally refers to Citibank in China), the report said...

Posted by: Cherry Zhang on Apr 14 2009

We express our sincere regrets to Alibaba Group and our readers for an inaccurate article that we published on April 13 about Alibaba Group. The article erroneously stated that the company announced a $2 billion investment in the creation of a fund management company...

Posted by: Jessica Jin on Apr 07 2009

Beijing-based educational software company Ambow Education said March 18 that it has named Lian Jie, former managing director of Goldman Sachs Asia, as its new CFO and senior vice president. Ambow Education plans to establish training bases in five to eight cities over the next three years.

Posted by: Melody Jiang on Mar 04 2009

Taiwanese coffee shop and bakery 85 Degrees Cafe plans to operate a total of 90-100 mainland stores by the end of 2009 and enter Hong Kong later this year, reports South China Morning Post quoting company Vice General Manager Sun Wuliang...

Posted by: Melody Jiang on Dec 22 2008

Print advertising company Take-One Media has cut 700 of its 800 total employees, reports 21st Century Business Herald quoting an unnamed former employee. Take-One Media co-founder and CEO Chen Lixuan said the company has lowered its 2008 sales revenue target from RMB 100 million to less than RMB 80 million and is streamlining departments in first-tier cities...

Posted by: Sophia Fu on Dec 11 2008

Changsheng (China) Property Company Limited has sold China Plaza, an integrated retail and commercial complex located in Guangzhou, to pay off company debts, reports Shanghai Securities News quoting rumors...

Posted by: Cherry Zhang on Aug 06 2008

Shandong-based solar water heater and vacuum tube manufacturer Himin Solar Energy completed a $90.78 million investment from Goldman Sachs Group and CDH Investments in June, reports China Economic Herald quoting a local official in Dezhou, Shangdong province...