China’s official manufacturing purchasing managers' index (PMI) picked up to 51.0 in June from May’s 50.8, hitting a six-months high, according to data released by China’s National Bureau of Statistics. The gauge has been climbing for the fourth continuous month, indicating that policy easing has helped stabilize growth, says a Nomura research report. China’s GDP […]

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Wuxi city, Jiangsu province-based Chinese cloud computing infrastructure provider Huayun Digital Technology Services Co. Ltd. has received US$50 million series B financing led by SIG China in the beginning of this year, according to a company announcement. Intel Capital also participated in the round. Previously, Huayun Digital received tens of millions RMB series A funding […]

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Shenzhen-based Chinese P2P (peer to peer) lending platform Touna.cn has received series A financing worth up to RMB100 million (US$16 million) from GF Xinde Investment Management Co. Ltd., according to a company announcement. The investment is part of a strategic partnership between Touna.cn and GF Xinde Investment, a subsidiary of GF Securities Co., Ltd. Aside […]

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Chinese property firm Fu Wah International Group has completed the acquisition of Park Hyatt hotel in Melbourne, Australia, in the company's first significant foray into the Australian property market, according to an announcement posted on Fu Wah's website. Terms of the deal were not disclosed, but the transaction is reported to be worth A$135 million […]

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Inner Mongolia-based Chinese organic diary firm China Shengmu Organic Milk Limited is planning to raised a total of HK$1.31 billion (US$169 million) in an initial public offering in Hong Kong, according to a regulatory filing Shengmu submitted to the Hong Kong Stock Exchange on June 30. China Shengmu is planning to issue 445 million shares […]

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The Chinese government and its allies in…