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U.S. Lawmakers Reach Pact to Strengthen Oversight of Foreign Investment

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Orient Paper to Change its Name to IT Tech Packaging, Symbol to "ITP"

Orient Paper to Change its Name to IT Tech Packaging, Symbol to "ITP"

The Chinese paper products maker, notorious for past allegations of fraud by Muddy Waters, is changing its name to IT Tech Packaging Inc. and its trading symbol to “ITP,” effective August 1.

Jul 19, 2018 4:43 PM PT
Alibaba Leads $600 Million Round in Suning Sports

Alibaba Leads $600 Million Round in Suning Sports

Alibaba and Goldman Sachs led the series A funding in Suning Sports, rising the valuation of the company to about $1.5 billion.

Jul 19, 2018 3:18 PM PT
NetEase Buys Stake in UK Game Developer Jumpship

NetEase Buys Stake in UK Game Developer Jumpship

Jumpship was co-founded by Dino Patti, ex-CEO of Denmark game company Playdead, creator of hit games Inside and Limbo.

Jul 19, 2018 1:15 PM PT
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INTERVIEW: Puxin Aims to Become Top Consolidator in China's Education Market

INTERVIEW: Puxin Aims to Become Top Consolidator in China's Education Market

Puxin's chief financial officer, Peng Wang, says China's fragmented education industry will transform in the near future with the company becoming a top consolidator.

Ctrip and Baidu Executives Join iQiyi's Board; Stock Soars 17%

Ctrip and Baidu Executives Join iQiyi's Board; Stock Soars 17%

The shares of iQiyi rose nearly 17 percent in trading after the company, dubbed "Netflix of China," said two additional members were appointed to its board.

Qudian's Price Continues to Drop As Several Major Shareholders Dump Shares

Qudian's Price Continues to Drop As Several Major Shareholders Dump Shares

According the announcement, the average transaction price was $8.855 per share, which is equivalent to $22.6 million, or 144 million yuan.

JD Seeks to Rival Alibaba in Southeast Asia; CEO Plans Drone Delivery

JD Seeks to Rival Alibaba in Southeast Asia; CEO Plans Drone Delivery

China's second-largest online retailer is looking to expand into Thailand this year, to be followed by Vietnam and Malaysia. The company faces fierce competition from Southeast Asia's biggest e-commerce platform owned by Alibaba Group.

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EDITOR'S PICKS
SSLJ Stock Drops 45% After Founder & Chairman Zheng Resigns

SSLJ Stock Drops 45% After Founder & Chairman Zheng Resigns

The shares of SSLJ fell to $1.69 per ADS Thursday after the company announced that its COO Li is taking over the position of CEO and chairman.

TechFaith to Sell its Hangzhou Project for Nearly $107 Million; Stock Soars 68%

TechFaith to Sell its Hangzhou Project for Nearly $107 Million; Stock Soars 68%

The stock of China TechFaith soared Thursday after the company, which has struggled with declining profit since 2011, announced the sale of its subsidiary.

JD Finance Raises Nearly $2 Billion, Doubles Valuation

JD Finance Raises Nearly $2 Billion, Doubles Valuation

The financial unit of China's second-largest retailer, JD.com, has doubled its valuation with its latest round of funding from Chinese investors.

Xiaomi's Day Not as Planned, but Employee Responses Certainly Are

Xiaomi's Day Not as Planned, but Employee Responses Certainly Are

In a one-page memo to employees, the company provided a list of responses that employees were asked to read if they were asked any questions.

Xiaomi Hits Turbulent Open in Hong Kong IPO

Xiaomi Hits Turbulent Open in Hong Kong IPO

For Xiaomi, as well as the overall tech industry in China, it was a disappointing signal of lagging investor appetite for new issuances.

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