Alibaba Group Holding Limited and its financial services arm Ant Financial Services Group have agreed to make a strategic investment in One97 Communications, the parent company of India’s largest mobile payment and commerce platform Paytm, according to a joint announcement. Financial details are not disclosed. The investment follows an initial investment in One97 Communications by […]

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Venture-backed Chinese ride share company Didi Kuaidi has invested an undisclosed amount in India's Ola, a local ride share start-up. The investment is part of Ola's latest financing round, which is reportedly US$500 million and values the start-up at US$5 billion. Didi Kuaidi's investment is around US$30 million, according to local Indian media. Didi Kuaidi […]

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In this episode of China Money Podcast, guest Mark McFarland, global chief economist at private bank Coutts & Co. Limited, speaks to our host Nina Xiang. He shared his views on why investors should not focus too much on the near-term volatility in the Chinese economy and markets, why the RMB has limited space for […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Customs officers distributed pamphlets in various districts today offering consumers smart shopping tips and reminding traders to abide by the law.

The promotional exercise will continue through the holidays in late September and early October.

The department reminded consumers to be cautious about unit prices and ask for more information, including the goods' total price before buying. For medicinal products, they are advised to know the brands' packaging, inspect products thoroughly and keep receipts. They should also patronise reputable shops.

Traders were reminded to abide by the Trade Descriptions Ordinance, under which it is illegal to omit or hide information, or provide unclear and ambiguous information when selling goods.

The maximum penalty is a $500,000 fine and five years' imprisonment.

Call 2545 6182 to report suspected violations.

Customs officers seized around 16 kg of suspected cut ivory and arrested a man at the airport today.

Officers stopped the 26-year-old passenger who had arrived from Abuja, Nigeria via Dubai, United Arab Emirates and found $160,000-worth of ivory in his luggage.

The case has been handed over to the Agriculture, Fisheries & Conservation Department.

Hedge funds with assets-under-management of less than US$100 million posted the lowest returns and had the highest volatility compared to funds managing more assets, according to the results of a new study released by Preqin. In contrary, hedge funds with asset-under-management of US$1 billion or more posted the greatest returns with the lowest volatility. As […]

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A Hong Kong-listed unit of Chinese property developer Gemdale Corporation has partnered with Californian real estate firm LaTerra Development to form a joint venture that will build a US$125 million mixed-use project in Hollywood. In a joint announcement, Gemdale Properties and Investment says this investment will be the first of many deals as the company […]

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