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August, 26, 2016

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China
Investment raid on soccer gathers pace
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.
 
China issued a regulation on Wednesday to toughen its control of peer-to-peer lending companies, thus cracking down on illegal fundraising activities through such platforms and preventing financial risks.
 
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 private health insurance market will grow fivefold to 1.1 trillion yuan ($167 billion) by 2020, fueled by fast-growing demand from the emerging middle class, a report showed on Wednesday.
 
Social network Facebook would love
Alibaba Group Holding Ltd has tried to shake the perception that it's just the eBay Inc or Amazon.com Inc of China, by pushing into social media and entertainment and actively investing in startups like Snapchat Inc.
 
Xiaomi and China Mobile launch new Redmi Note 4 with hopes channels boost sales
Xiaomi launched a new handset, the Redmi Note 4 Thursday morning with China Mobile to speed up sales in the remaining months of this year.
 
Hualong One marks emergence of latest Chinese export: nuclear power
On a seaside field south of Shanghai, workers are constructing a nuclear reactor that is the flagship for Beijing's ambition to compete with the United States, France and Russia as an exporter of atomic power technology.
 
China's state-owned grain giant COFCO will buy out minority shareholders in Netherlands-based commodity trader Nidera and take full ownership of the company, it said, as it seeks to become an agribusiness powerhouse.
 
Kobe Bryant starts $100m fund
Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media, technology and data companies.
 
InterContinental's guests can now pay via Alipay
Chinese travelers staying at InterContinental Hotels Group's properties at home and abroad can start to pay via Alipay, as well as through all of its online and mobile channels.
 
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