Beijing-based Internet technology company HiWiFi has received US$10 million series A+ financing from KPCB and Taiwanese semi-conductor producer MTK, according to a company announcement. HiWiFi previously received tens of millions U.S. dollars series A financing from GGV Capital and Innovation Works. The proceeds will be used on improving HiWiFi's technologies, as well as building up […]

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Beijing-based Internet technology company HiWiFi has received US$10 million series A+ financing from KPCB and Taiwanese semi-conductor producer MTK, according to a company announcement. HiWiFi previously received tens of millions U.S. dollars series A financing from GGV Capital and Innovation Works. The proceeds will be used on improving HiWiFi's technologies, as well as building up […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Beijing-based Internet technology company HiWiFi has received US$10 million series A+ financing from KPCB and Taiwanese semi-conductor producer MTK, according to a company announcement. HiWiFi previously received tens of millions U.S. dollars series A financing from GGV Capital and Innovation Works. The proceeds will be used on improving HiWiFi's technologies, as well as building up […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Shenzhen-based mommy communication platform Lmbang has received US$20 million in series B financing, according to a company announcement. Greenwoods Asset Management Limited led the round. Existing investors Morningside Ventures, Matrix Partners and K2 Ventures also participated. Lmbang previously received several millions U.S. dollar series A financing led by Morningside Ventures, Matrix Partners and K2 Ventures last […]

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Shenzhen-based mobile game publishing platform iDreamSky Games is planning a US$115 million NASDAQ IPO, according to a securities filing. The IPO size and pricing range have not been finalized. Net proceeds will be used for mergers and acquisitions, as well as getting game licenses and other intellectual properties rights related to mobile games. The company […]

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The author is ANZ greater China chief economist Liu Li-Gang The People’s Bank of China (PBoC) appointed Bank of Communications’ Seoul Branch as the RMB clearing bank in South Korea today. We notice that the PBoC has appointed more official RMB clearing facilities in the offshore markets, spreading across different time zones. By our observations, […]

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The recent decision by the China Banking Regulatory Commission (CBRC) to amend the calculation of Chinese banks' loan-to-deposit ratios (LDRs) is part of an ongoing targeted easing of liquidity conditions. But spurring growth of lending to small- and micro-enterprises (MSEs) has the potential to hurt bank credit profiles over the medium term, says Fitch Ratings […]

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