Caixin

"The PMI data is completely the wrong metric to look at," DBS CEO Piyush Gupta told his bank's private banking clients on Wednesday. "Frankly, I think it's an inconsequential piece of information."

China's PMI to be weak for next few mths on oversupply: CMR Grp

China's Caixin Purchasing Managers' Index (PMI) fell to 48.2 in December, from 48.6 in November, contracting for the tenth month.

Alibaba to invest $1.25 bn in online food delivery service

Earlier this year, the food delivery service firm raised $350 million from investors including CITIC Private Equity, Tencent Holdings Ltd, Alibaba rival JD.com Inc, Dianping and Sequoia Capital.

Caixin China services PMI rises to 53.8, 11-month high

The Caixin China services purchasing managers index (PMI) for July rose to 53.8, well above the 50-mark separating contraction from growth and up from June's 51.8; it was the highest reading since August 2014.

In China, P2P lenders offer relief to small entrepreneurs

Despite repeated cuts in China's official interest rates to boost the slowing economy, local banks appear reluctant to lend to potentially high-risk small companies, a trend similar to the credit crunch that plagued Europe during its own slowdown.