Beijing-based telephone data service provider DianHua.cn has received tens of millions U.S. dollar series A investment led by Morningside Ventures, according to Chinese media reports. GGV Capital, Dragonrise Capital, Russian mogul Yuri Milner and Xiaomi Inc. all participated. Founded in 2012, DianHua.cn received an undisclosed angel investment from Beijing-based Chinese telecommunications firm Net263 Ltd. The […]

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The phrase “Silk Road” evokes a romantic image – half history, half myth – of tented camel caravans winding their way across the trackless deserts and mountains of Central Asia. But the Silk Road is not just part of a fabled past; it is an important feature of China’s current foreign policy.

Shanghai-based cloud communication services platform Gotye has received around US$10 million series A investment from Intel Capital, the venture investment arm of U.S. chip maker Intel Corp Corporation, according to media reports. Intel will help Gotye expand its cloud-based communication services to smartphones and smart devices. Gotye also plans to launch more mobile apps including […]

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UK expected to raise about Rmb2bn as pace of Chinese currency’s internationalisation picks up

Country’s annual consumption may fall for first time in 19 years

About 84 real estate private investment funds in the Asia Pacific will reach the end of their fund life between 2013 and 2016, with fund expiration peaking between 2015 to 2016, according to a study by global property consultancy CBRE Group Inc. CBRE's predication are based on the typical fund life of eight years. In […]

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Officers dismantle makeshift barricades as government chips away at protest movement

China International Capital Corporation (CICC) has announced that Levin Zhu, the son of China's former premier Zhu Rongji, has resigned as CEO and chairman of the management committee from the Beijing-based firm, according to a company announcement. The board has appointed Shoukang Lin as CICC’s acting CEO and chairman of the management committee. Shoukang Lin […]

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Hong Kong chief executive referred to territory’s revenue and UK’s Serious Fraud Office over allegations

China's Lenovo Group and Japan's NEC agreed to extend their joint venture agreement through 2026. The agreement signed by the two parties included amendments to the initial transaction. Amendments to the NEC brand license agreements stated that the parties to the NEC brand license agreements entered into the NEC brand license amendment agreements on October […]