In a widely cited speech this summer, Hungarian Prime Minister Viktor Orbán made the case for an "illiberal state," in contrast to failed "liberal democracies." His remarks are an echo of a widely spreading unease in the West that must be countered with robust action.
2014-12-15
Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation says a group of investors including Chinese private equity firm Hony Capital and e-commerce company JD.com Inc. have agreed to invest a total of US$148 in the NASDAQ-listed company, according to a company announcement. Hony Capital, JD.com, Ctrip.com International, and Tuniu's CEO Yu Dunde […]
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2014-12-15
Sino-French private equity firm Cathay Capital says it has reached a final close of €500 million for its new investment vehicle, Cathay Midcap Growth Fund III, according to a company announcement. Launched in March this year, the fund reached a first closing of €460 million in July. The fund is backed by French investment firm […]
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2014-12-15
Hangzhou-based automobile service mobile app maker Yangche Diandian has received US$30 million series B financing led by GGV Capital, according to the company's Weibo account. Established in March 2014, Yangche Diandian received US$4 million series A financing in September from undisclosed investors. Launched by Hangzhou Xiaoka Technology Co., Ltd., Yangche Diandian's mobile apps provide automobile […]
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2014-12-15
London-based social investment network eToro says that it has completed US$17 million new round of financing from Chinese venture capital firm Ping An Ventures, the venture investment arm under Ping An Insurance (Group) Company of China, Ltd., and SBT Venture Capital, according to a company announcement. Existing investors Spark Capital and BRM Group also participated. […]
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2014-12-15
San Diego-headquartered semiconductor company Qualcomm Incorporated says that it has invested an aggregate of US$40 million into four Chinese companies and one China-focused venture fund, according to a company announcement. The companies Qualcomm invested in are eye-tracking software maker 7Invensun, mobile gaming firm Chukong Technologies, smart home device and software provider inPlug, and Unisound, a […]
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2014-12-15
Xiamen city, located at the southeast coast of China in Fujian province, says it plans to establish a RMB10 billion (US$1.62 billion) industry fund to steer more social capital toward the development of ten major industries including biomedical sciences, new materials, finance and shipping, according to a statement posted on an official government website. The […]
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2014-12-15
Shunde city, Guangdong province-headquartered Chinese electrical appliance manufacturer Midea Group says it has agreed to establish a strategic partnership with venture-backed smartphone maker Xiaomi Inc. to jointly expand their businesses in the smart home market, according to a statement posted on Midea's Weibo account. At the same time, Midea plans to issue 55 million shares […]
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2014-12-15
Beijing-based diaper and baby formula e-commerce platform Miyabaobei.com has received US$60 million series C financing led by H Capital, according to Chinese media reports. Existing investors Sequoia Capital and Zhen Fund also participated in the round. Previously, Miyabaobei.com received several million U.S. dollar series A financing from Zhen Fund and China Renaissance K2 Ventures in […]
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.
2014-12-15
Just being a Chinese-made smartphone puts Xiaomi at a branding and security deficit on the global stage, but now a legal decision in India has further stymied the company's growth plans in the world's second-largest nation. Xiaomi published a note on its official Indian website, stating that the company will suspend sales of Xiaomi smartphones […]
2014-12-15
Beijing-owned group enters Europe’s renewables market
2014-12-15
Country sees strengthening of solvency thanks to stock of net overseas assets, writes Peter Tasker