Commissioner urges banks to learn lessons from global financial crisis
2016-09-26
Israeli-Chinese cross-border private equity firm Infinity Group and Neusoft Corporation have agreed to set up a US$250 million investment fund to back Israeli medical technology companies with the aim of realizing their potentials in China. The fund will help Israeli medical technology companies connect with the Chinese market by integrating into cloud-based platforms developed by […]
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2016-09-26
A venture investment unit of Fosun Group and Chinese healthcare online community portal DXY have led a RMB70 million (US$10 million) series A and series A+ round in LinkedCare, a Shanghai-based start-up providing dental SaaS solutions to doctors and patients. Officially launched in 2015, LinkedCare received angel investment from Matrix Partners China last year. Dental […]
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2016-09-26
Attention spans are shrinking, so money to grab eyeballs is increasing. A Chinese online video site is incentivizing online creators …
2016-09-26
Lian Jie, an ex-partner at Primavera Capital, has joined Chinese online gaming firm Perfect World Co., Ltd. as president and chief executive of the company's film division. Shenzhen-listed Perfect World disclosed the information last Friday, though Lian is still listed as a partner on Primavera Capital's official website. Lian was also appointed as a board […]
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2016-09-26
Marriott International said that its merger with Starwood Hotels & Resorts Worldwide cleared the Ministry of Commerce of China, so the companies have now consummated their hospitality marriage. In March 2016, Marriott reached an agreement…
2016-09-26
Lighter than expected punishments despite screws tightening on labour groups
2016-09-26
Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant's operations into the so-called last mile mobility space. As part the investment, DiDi plans to include ofo bike sharing offerings on its own mobile apps. The two companies did not disclose […]
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2016-09-26
China's social consumer retail sales reached CNY2.754 trillion in August 2016, which represented a year-on-year nominal growth of 10.6% and the actual growth excluding price factors was 10.2%, according to statistics from National Bureau of…
2016-09-26
Shanhai Capital and Analogix Semiconductor jointly announced that the two parties have reached a final agreement under which a consortium …
2016-09-26
Maybe the creeping reality of working for a declining Chinese smartphone company pinched by shrinking margins has propelled one of …
2016-09-26
Shanghai, China, September 26, 2016 /ChinaNewswire.com/ – AccorHotels and Wanda Group have jointly announced the opening of three new hotels under Pullman, Novotel and Mercure branding in Hefei, Anhui Province. This latest project is a key development under the Hefei Wanda Cultural Tourism City. This is the province’s largest hospitality investment with a total construction… Read More
2016-09-26
Chinese venture firm GP Healthcare Capital has led a US$55 million series C financing round in MicuRx Pharmaceuticals, Inc., a bio-pharmaceutical company developing antibiotics to improve the treatment of resistant bacterial infections with operations in Shanghai and California. New investors GP TMT Capital, 3E Bioventures Capital and Delian Capital also participated in the round. Yu […]
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2016-09-25
Beijing and Bangkok push ahead with high-speed train project but wrangles remain
2016-09-25
Six party secretary posts to watch for the next generation of leaders
2016-09-25
Chinese securities regulators have approved the initial public offering application submitted by official news agency website Xinhuanet.com to list on the Shanghai stock exchange. Xinhuanet.com revealed in June that it planned to issue 51.9 million shares to raise about RMB1.49 billion (US$223 million) in a Shanghai IPO, three years after it initially applied in 2013. […]
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2016-09-25
GGV Capital has co-led a US$60 million series B financing round in Zuoyebang, a K12 online education spin-off from Baidu Inc., with participation from existing investors Sequoia Capital and Legend Capital, Chinese media reported. "We have focused on investing in technology, education content and student experience in the past two years," says Hou Jianbin, chief […]
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2016-09-23
GGV Capital has led a US$15 million series B financing round in Operator, an expert community-based e-commerce company, to help fund its global expansion starting with China. New investors including Formation8, Morningside Ventures and Horizons Ventures, as well as existing investors Greylock Partners and Expa, also participated in the round. As part of the investment, […]
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2016-09-23
Deal follows Wanda’s purchase of AMC and Legendary Pictures
2016-09-23
Canada Pension Plan Investment Board (CPPIB) has signed a memorandum of understanding with the National Development and Reform Commission (NDRC) of China to offer CPPIB's expertise in assisting Chinese policy-makers as they address the challenges of China's aging population. The Canadian pension manager is expected to help with pension reform and the promotion of investment […]
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2016-09-23
An investor consortium led by Chinese private equity firm Beijing Shanhai Capital Management Co, Ltd. has agreed to acquire Santa Clara, California-headquartered Analogix Semiconductor, Inc. for over US$500 million with plans to list the company in China soon. China Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund) is one of Shanhai Capital’s limited […]
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2016-09-23
Chinese donor’s Yuhu Group involved in political scandal that toppled a senator
2016-09-23
Chinese smartphone maker Gionee plans to invest INR5 billion, which is about CNY495 million, to build a smartphone factory in …
2016-09-22
China increasingly doles out routine punishment to individuals standing up to the state
2016-09-22
Chinese private equity and venture capital firm JD Capital has led a US$10 million investment in Shenzhen Nuokang Medical Equipment Co., a developer and manufacturer of continuous non-invasive blood pressure measurement equipment. The company plans to use the proceeds on upgrading its core technology and market expansion. "Shenzhen Nuokang has advanced technology and an experienced […]
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2016-09-22
Meridian Capital China and Banyan Capital have led a US$28 million series C funding round in recruitment mobile app Bosszhipin, with participation from existing investors Capital Today and Shunwei Capital. The company says it plans to use the proceeds on developing new products, expanding its team and entering new global markets. "What we really like […]
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2016-09-22
Hony Capital has invested another HK$1.5 billion (US$193 million) in Hong Kong-listed handbag maker Lee & Man Handbags and potentially drove another deal betting on the Chinese restaurant sector. Lee & Man Handbags issued 1.27 billion five-year convertible bonds to Hony Capital, a disclosure filing shows, potentially increasing Hony's interest in the company to over […]
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