China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

Stimulus moves and lack of oversight blamed as abandoned projects and ‘ghost cities’ mar landscape

Shanghai-based immunotherapy firm CARsgen says it has completed an undisclosed amount of series A financing led by Shanghai-based BVCF, a growth capital-focused private equity fund specializing in the life sciences industry, according to a company announcement. CARsgen focuses on the development of new therapeutics for liver, lung, stomach and brain cancers. In collaboration with Shanghai […]

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.

The world has simultaneously benefited from globalization and failed to manage the inherent complications resulting from the increased integration of our societies, our economies, and the infrastructure of modern life. As a result, we have become dange…

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, says it has acquired a controlling stake in Shanghai-based Study & Share Education Company Limited, according to a company announcement. The investment was made through CITIC Capital China Partners II, L.P., its second China-focused buyout fund. No other details of the deal are […]

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.

Shanghai-based restaurant queuing mobile app maker 9Now has raised US$20 million series B financing from existing investor Matrix Partners and other undisclosed investors, according to Chinese media reports. Matrix Partners invested in the company's undisclosed series A round. It's unclear when the company was established and when it raised its series A financing. The app […]

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.

The founder of Chinese education firm New Oriental Education & Technology Group Inc. Yu Minhong has partnered with Sheng Xitai, former chairman of Huatai United Securities to raise RMB200 billion (US$32.6 million) for a debut angel investment fund, according to Chinese media reports. The vehicle, named Hong Tai Fund, has raised money from over 20 […]

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.

Singapore-based Asian real estate investment firm SC Capital Partners Pte. Ltd. is to reach a final closing next week to raise a total of US$800 million to US$850 million for its fourth pan-Asia real estate opportunistic fund, according to a posting on the firm's website. The fund, which reached first closing in September, would exceed […]

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.

China's State Council announced a comprehensive set of rules governing the operation and management of the country's US$200 billion National Social Security Fund today, in an attempt to provide a formal framework of the management of the country's largest social security fund, according to a document posted on the State Council's website. The draft regulations […]

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.

China's ongoing property slowdown is likely to drag real GDP growth lower to 6.8% in 2015 and 6.5% in 2016, despite further policy support and a U.S.-led export recovery, says a research report by UBS AG. China's housing starts may fall by another 10% in 2015 as the sector digests inventory, which will negatively impact […]

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.

Tommy Yip, partner and head of North Asia at Hong Kong-based fund-of-funds (FoF) manager Emerald Hill Capital Partners, has resigned from his position and is planning to start a China-focused FoF, according to media reports. Yip is to partner with Low Kah-Fai, executive director of Asia-focused Eagle Asia Partners, in launching the new vehicle. No […]

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.

Technology-focused venture and private equity firm SummitView Capital has launched a RMB10 billion (US$1.7 billion) fund in collaboration with the Shanghai government to invest in the semiconductor sector, according to a company announcement. The fund will acquire global semiconductor design companies and help them expand their market share in China by increasing sales, marketing activities […]

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.

Chinese home appliances and electronics retailer Gome announced the unaudited performance report of its listed company for the first three quarters ended September 30, 2014, stating that its sales reached CNY44.645 billion, a year-on-year increase of 7.2%; and its net profit reached CNY1.018 billion, a surge of 74.9%. According to the report, Gome achieved 4.7% […]