Tag: Investment

Tianhe Chemicals Loses $3.1 Million on Fraud Allegations

By Lauren Dodillet Tianhe Chemicals Group Ltd., one of China’s leading chemicals producers, lost nearly $3.1 million in market value after hackers from the group Anonymous Analytics accused it of stock market fraud in early September. Tianhe CEO Wei Xuan...

/ October 22, 2014

Sinopec Sells Marketing Unit for $17.5 Billion

By Ellen Huber China Petroleum & Chemical Corporation (Sinopec)—China’s largest refiner—filed an announcement with the Hong Kong stock exchange on Sunday that it will sell 30 percent of its $58 billion marketing unit, Sinopec Marketing, reports Reuters. The sale is...

/ September 19, 2014

Internet Finance in China: Will it Disrupt Traditional Banking?

By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e...

/ July 21, 2014