Tencent shares expertise with Shanghai lender

Tencent Holdings (0700) and Shanghai Pudong Development Bank has signed a strategic partnership pact, to cooperate on big data, cloud, artificial intelligence, and blockchain. According to a statement, Tencent will support SPD Bank’s strategy transition. ( read original story ...)

Trap or treat? Funds to raise billions for tech IPOs in China

SHANGHAI (Reuters) - Asset managers began fundraising for six ... and the money will be used to fund mainland listings of homegrown tech firms such as smartphone maker Xiaomi [IPO-XMGP.HK] and e-commerce giant Alibaba Group Holding. The launch of the ... ( read original story ...)

Why China stock market remains lackluster

The Shanghai Composite Index rose 9.41 percent in 2015 ... Even compared to deposits, the stock market pales in returns. One can get a guaranteed return of 4 percent from a three-year time deposit. That means they can obtain an accumulative risk-free ... ( read original story ...)

Foxconn unit sets record-high market value on Shanghai debut

TAIPEI -- Foxconn Industrial Internet, a unit of Hon Hai Precision Industry, jumped 44% in its Shanghai Stock Exchange debut on Friday, increasing in value to a record high of 390 billion yuan ($60.92 billion) on the Chinese A-shares market. FII’s market ... ( read original story ...)