According to National Bureau of Statistics of China, the gross domestic product (GDP) of China in the first three quarters of 2014 was RMB 41,990.8 billion (USD 6,858.5 billion), a year-on-year increase of 7.4%.
As part of Alibaba Group’s “live @ Alibaba” vision to diversify the company’s products and services and become central to the everyday lives of consumers, it invests $50 million in smart remote app Peel.
Check out this infographic to have an overview of Alibaba Group’s investment and acquisitions since 2005 before its IPO.
Alibaba’s money fund Yu’E Bao belongs to Tianhong Asset Management, which was found on May 29 in 2013. How did Yu’E Bao perform in the past 2013?
Sun Yat-sen University together with CreditEase started a research project-Guangdong Financial Environment Research-in August 2013, which focused on mass affluent finance management in Guangdong province and rural area financial development. One Thirds of Mass Affluent Were From Private Enterprises Statistics revealed that Chinese mass affluent grew larger in recent two years. In 2010, mass affluent […]
The Hurun Research Institute recently conducted an investigation about luxury consumption towards 551 rich men and women from 31 cities. Among the rich, 69 people were billionaires. The average age of multimillionaires and billionaires was 38 and 40 years old respectively. And the average money they spent yearly was 1.77 million yuan (USD 290,000), less […]
Bitcoin’s price has been surging crazily in the recent, it hit an apex of USD 1,240 on December 5 2013. Early in January this year, Bitcoin’s price was USD 13. Chinese buyers played an important role in the surging of Bitcoin. BTC China daily transaction ranked top in the world, even some taobao sellers accepted […]
Travel search engine Qunar.com received USD 306 million strategic investment from Baidu, which makes Baidu the biggest institutional shareholder. 306 million is the biggest strategic investment in online travel market in China and also the biggest one for Baidu so far. Qunar and Baidu will work closely together in the product line and branding to promote […]
via FT.com, Foreigners would be banned from operating online gaming within China through wholly foreign-owned investments, joint ventures or any other forms of co-operation with local companies, the country’s publishing regulator said.