Chinese banks' loan quality will deteriorate noticeably in 2014 as problems start to emerge in China's local government debt sector, Standard & Poor's Financial Services writes in a newly released report. Chinese banks' reported ratio of nonperforming loans (NPLs) to total loans of commercial banks stand at about 1% at the end of 2013. But […]

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Beijing-based secondhand automobile trading platform Cheyipai has received $50 million in series C funding, according to an announcement made on the company's official Weibo account. Sequoia Capital led the round. CITIC Capital and Existing investors Morningside Ventures and Matrix Partners also participated. Cheyipai, which means "cars easy to auction for" in Chinese, previously received $5 […]

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Shanghai-based voice application Chumenwenwen has raised tens of millions U.S. dollars in series B funding, according to Chinese media reports. SIG China led the round. Existing investor Sequoia Capital also participated. The specific investment size was not disclosed. Chumenwenwen, which means "get out of the door and ask around" in Chinese, previously received several millions […]

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Beijing-based Chinese cosmetics e-commerce retailer Jumei.com is planning a U.S. initial public offering, raising a total of around $600 million, according to media reports. The IPO values Jumei at above $3 billion, and may be launched during the first half of this year. Jumei.com previously received tens of millions U.S. dollars series A funding from […]

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Shanghai ranks as the second most attractive investment property market in Asia, while Guangzhou scores as the sixth and Beijing the eighth among Asia's top property markets for investment, according to a report released by consulting firm PriceWaterhouseCoopers (PwC). Tokyo takes the top spot as the best investment property market in the region. The findings […]

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