Inside China » Money

Throwing cold water on hot money

Alex Harrison — Sat, 25 May 2013 13:45:03 +0000

The Chinese economy has become very attractive to speculative hot money. But by allowing the yuan to rise strongly, the authorities cause doubts whether the challenge is handled in a proper and coordinated manner. Despite the slowing of its economy in the first quarter, foreign capital has been flowing into China to cash in on [...]

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Culture Industrial Investment Fund Invests in Kaixin Mahua

Alex Harrison — Sat, 25 May 2013 12:20:05 +0000

OnMay 20, China cultural industrial investment fund officially signed anagreement with Kaixin Mahua, a famous private stage play brand in China. Hugecapital invested by China cultural industrial investment fund in Kaixin Mahua would inject strong drivingforce for the rapid growth of Kaixin Mahua in the future. KaixinMahua, established in 2003, is a comprehensive entertainment [...]

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Nokia Invests in Cellphone Image Technology

Alex Harrison — Sat, 25 May 2013 08:00:03 +0000

Establishedon December 7, 2004, NGP is a venture capital fund that is wholly funded byNokia solely. NGP targets at the enterprises in mid and late stages globallyand cellphone science & technology enterprises with big business customersin global mobile industry. Nokiaintroduced several start-ups invested by NGP in Silicon Valley viaConversations, especially three start-ups in field [...]

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Wall Street snaps four-week winning streak amid concerns about Fed’s stimulus tapering

Alex Harrison — Sat, 25 May 2013 07:05:03 +0000

NEW YORK, May 24 (Xinhua) — U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in advance. The Dow Jones Industrial Average gained 8.60 points, or 0.06 percent, to 15,303.10 points. The broader Standard & Poor’s [...]

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Samsung Acquires 10% Shares of Pantech at a Price of US$48M

Alex Harrison — Sat, 25 May 2013 05:10:03 +0000

Samsungconfirmed that it has agreed to buy 10% shares of Pantech, the third largestcellphone maker in Korea, at a price of KRW53B (about US$ 48M) and would makeinvestments in hardware area afterwards. Previously,Samsung has established the cooperation relationship with Pantech in field ofsemi-conductor and display screen. It was reported that Pantech has spentKRW235B (about [...]

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