China Media Capital and CITIC Capital have agreed to invest US$400 million to take over 13% of City Football Group, the owner of football related clubs and businesses including Manchester City Football Club, New York City Football Club, Melbourne City Football Club, and a minority shareholder in Japanese football association Yokohama F. Marinos. The deal […]

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Jack Ma, executive chairman of Alibaba Group Holdings Limited, Neil Shen, founding managing partner of Sequoia Capital China, Zhang Xin and Panshiyi, founders of SOHO China are among over two dozens of world business leaders and investors to launch the Breakthrough Energy Coalition, an entity with a mission to invest in clean energy technologies. The […]

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Former New York City Mayor Michael R. Bloomberg will chair a newly formed working group to establish trading and clearing of the Chinese currency RMB in the United States, says an announcement. Mary Schapiro will serve as vice-chair, and Thomas J. Donohue, Timothy Geithner and Henry Paulson will co-chair the Working Group on U.S. RMB […]

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China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, edged down to 49.6 in November from 49.8 in October. The market has been expecting the indicator to remain flat. This is the lowest reading since August 2012 and the fourth consecutive month below the benchmark level of 50, suggesting that the […]

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