Renminbi

Thriving environmental services company RMB Environmental Laboratories, Inc. earns coveted organics testing certification from state regulators and praise from clients

Wednesday, September 16, 2020 - 8:50pm

Seasoned entrepreneur Zach Lamppa, RMB Board Member said, "Our client list is growing as people find out about the quality of RMB Environmental Laboratories.

Key Points: 
  • Seasoned entrepreneur Zach Lamppa, RMB Board Member said, "Our client list is growing as people find out about the quality of RMB Environmental Laboratories.
  • "RMB in ways has been a hidden gem in the water testing space with the previous growth coming only from word of mouth.
  • Borash said environmental testing is an ever evolving and growing industry, and RMB is responding to its clients' needs as quickly as possible.
  • RMB's services include, state certified analytical testing, on-site monitoring, Taxonomy, Courier services and in-depth customer support.

RMB Capital Ranked Among Barron’s Top 100 RIA Firms

Monday, September 14, 2020 - 8:19pm

RMB Capital (RMB), an independent investment advisory firm with approximately $8.7 billion in assets under management1 (estimated as of June 30, 2020), announced that it was once again named by Barrons magazine as one of the Top 100 RIA Firms in the nation.

Key Points: 
  • RMB Capital (RMB), an independent investment advisory firm with approximately $8.7 billion in assets under management1 (estimated as of June 30, 2020), announced that it was once again named by Barrons magazine as one of the Top 100 RIA Firms in the nation.
  • The Barrons annual ranking is responsive to trends and important issues in the industry, and it focuses on the criteria that should matter most to investors.
  • AUM reflects net assets under management for private funds and mutual funds managed by RMB Capital, while RAUM reflects gross assets under management.
  • AUM also includes RMB Wests assets under advisement, which are not included in RMB Capitals RAUM.

Suning Holdings Group Ranks Second on China's Top 500 Non-state Owned Enterprises List in 2020

Monday, September 14, 2020 - 3:27am

NANJING, China, Sept. 14, 2020 /PRNewswire/ -- Suning Holdings Group ("Suning"), one of the leading commercial enterprises in China, has ranked second on the All-China Federation of Industry and Commerce (ACFIC) annual list of the nation's Top 500 non-state owned enterprises.

Key Points: 
  • NANJING, China, Sept. 14, 2020 /PRNewswire/ -- Suning Holdings Group ("Suning"), one of the leading commercial enterprises in China, has ranked second on the All-China Federation of Industry and Commerce (ACFIC) annual list of the nation's Top 500 non-state owned enterprises.
  • Suning achieved a revenue of RMB 665.259 billion (USD 97 billion) and continued to top the list of Internet retailing category.
  • In August, Suning.com, one of its main subsidiaries, was featured in the Fortune Global 500 List for the fourth year running.
  • In 2020, Suning Holdings Group ranked second in the top 500 non-state owned enterprises in China with annual revenues of RMB 665.259 billion (approximately US $97 billion) and continued to top the list of Internet retailing category.

Suning Holdings Group Ranks Second on China's Top 500 Non-state Owned Enterprises List in 2020

Monday, September 14, 2020 - 2:51am

NANJING, China, Sept. 13, 2020 /PRNewswire/ -- Suning Holdings Group ("Suning"), one of the leading commercial enterprises in China, has ranked second on the All-China Federation of Industry and Commerce (ACFIC) annual list of the nation's Top 500 non-state owned enterprises.

Key Points: 
  • NANJING, China, Sept. 13, 2020 /PRNewswire/ -- Suning Holdings Group ("Suning"), one of the leading commercial enterprises in China, has ranked second on the All-China Federation of Industry and Commerce (ACFIC) annual list of the nation's Top 500 non-state owned enterprises.
  • Suning achieved a revenue of RMB 665.259 billion (USD 97 billion) and continued to top the list of Internet retailing category.
  • In August, Suning.com, one of its main subsidiaries, was featured in the Fortune Global 500 List for the fourth year running.
  • In 2020, Suning Holdings Group ranked second in the top 500 non-state owned enterprises in China with annual revenues of RMB 665.259 billion (approximately US $97 billion) and continued to top the list of Internet retailing category.

37 Interactive Entertainment 2020 H1 Financial Report: Revenues Boosted by Development Studios' Strong Performance

Friday, September 11, 2020 - 2:55am

With a revenue total of 7.989 billion RMB, 37 Interactive Entertainment (stock code: 002555.SZ) was crowned as the best company amongst the group.

Key Points: 
  • With a revenue total of 7.989 billion RMB, 37 Interactive Entertainment (stock code: 002555.SZ) was crowned as the best company amongst the group.
  • 37 Interactive Entertainment's 2020 H1 revenues were up 31.6% YoY.
  • In 2013, 37 Interactive Entertainment spent only around 13.6 million RMB in game development.
  • Said Yang Jun, the senior vice president of 37 Interactive Entertainment in an interview in August 2020.

Yan Zhi: Promote the Entrepreneurial Spirit in Global Expansion

Friday, September 11, 2020 - 1:00am

ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue."

Key Points: 
  • ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue."
  • As one of the first companies in China to operate traditional wholesale markets, logistics, and ports, ZALL has developed Asia's largest B2B offline-to-online trading ecosystem in China and Southeast Asia.
  • Revenues from supply chain management and trading business largely contributed to the Group's total turnover at around RMB 34.96 billion (USD 5.12 billion).
  • In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide.

36Kr achieves revenue of 20.1 million USD in the half of 2020, Enterprise Value-added Service revenue accounting for more than half

Thursday, September 10, 2020 - 1:39pm

The financial report shows that in the second quarter, the total income of 36Kr is 76.7 million RMB (about 10.9 million USD), and the total income of the first half of the year is RMB 142 million RMB (about 20.1 million USD).

Key Points: 
  • The financial report shows that in the second quarter, the total income of 36Kr is 76.7 million RMB (about 10.9 million USD), and the total income of the first half of the year is RMB 142 million RMB (about 20.1 million USD).
  • In the second quarter, 36Kr's operating cash flow turns positive for the first time, and cash reserves continue to increase.
  • In the second quarter of fiscal 2020, 36Kr's enterprise value-added service revenue is 42.6 million RMB (about 6 million USD), accounting for 55.6%.
  • 36Kr's subscription service revenue is 2.7 million RMB(about 0.4 million USD), accounting for 3.5%.

China Renaissance Closes Huaxing Growth Capital USD Fund III

Thursday, September 10, 2020 - 4:34am

The close of the USD Fund III marks another fundraising milestone for Huaxing Growth Capital following the close of the RMB Fund III which raised over RMB6.5 billion last year.

Key Points: 
  • The close of the USD Fund III marks another fundraising milestone for Huaxing Growth Capital following the close of the RMB Fund III which raised over RMB6.5 billion last year.
  • After the final close of USD Fund III, Huaxing Growth Capital's single investment size can be up to US$50 million.
  • China Renaissance launched its investment management business in 2013, and currently manages Huaxing Growth Capital and Huaxing Healthcare Capital.
  • Huaxing Growth Capital manages a total of six private equity funds, namely USD Fund I, USD Fund II, USD Fund III, RMB Fund I, RMB Fund II and RMB Fund III.

Duiba Group Announces 2020 Interim Results

Friday, August 28, 2020 - 7:30am

("Duiba Group" or the "the Group", Stock Code: 1753.HK) is pleased to announce the unconsolidated interim results of the Group for the six months ended 30 June 2020 (the "Reporting Period").

Key Points: 
  • ("Duiba Group" or the "the Group", Stock Code: 1753.HK) is pleased to announce the unconsolidated interim results of the Group for the six months ended 30 June 2020 (the "Reporting Period").
  • For the 6 months ending 30 June 2020, the Group recorded:
    - A total revenue of RMB 468.4 million.
  • For the six months ended 30 June 2020, the Group recorded a total revenue of RMB 468.4 million.
  • Duiba Group Limited ("the Group") is a leading user management SaaS service provider and the interactive advertising operator in China.

22 CKGSB Alumni and Professor Named on the Forbes China Philanthropy List

Monday, August 24, 2020 - 2:02pm

BEIJING, Aug. 24, 2020 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) is proud to announce that 21 alumni and 1 professor made the Forbes China '2020 China Philanthropy List'.

Key Points: 
  • BEIJING, Aug. 24, 2020 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) is proud to announce that 21 alumni and 1 professor made the Forbes China '2020 China Philanthropy List'.
  • Of the RMB 17.91 billion (USD 2.58 billion) donations made, approximately RMB 3.1 billion (USD 446 million) were made by CKGSB alumni and professor.
  • CKGSB also set up EMBA philanthropy scholarships, now awarded across all degree programs, to outstanding leaders.
  • The full list of CKGSB alumni and professor from the 2020 Forbes China Philanthropy List: