Chinese business news in brief

  • CHONGQING Longhu Real Estate Co Ltd, the biggest real estate corporation in Southwest China’s Chongqing, is expected to list in Hong Kong this year, according to Huang Qifan, deputy mayor of Chongqing Municipality, a local Chongqing paper said.  

    It is estimated that the market value of the corporation after listing could be 65 billion to 80 billion yuan. 

  • KLENER Perkins Caufield & Byers, a US venture capital firm that invested in Google Inc and Inc, opened a fund in China to tap fast growing industries in the world’s fourth-largest economy. 

    The US$360mil fund is the company’s first outside the US. 

    It will invest in companies in the technology, Internet, media and wireless communications, consumer products, healthcare and greentech sectors, Kleiner Perkins said in a statement. 

  • CHINA Merchants Energy Shipping Co Ltd signed a contract worth US$3.43bil with Dalian Shipbuilding Industry Corp for four oil tankers, a big stride toward the goal of establishing an oil tanker fleet.  

    For more news from the China Daily, a partner of Asia News Network, click here

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