Brokers’ shares fall as they rush to reassure investors of their own financial strength

Beijing-based short-term lodging sharing platform XiaoZhu.com has received US$60 million series C financing led by Joy Capital, according to an announcement posted on the company's Weibo account. Morningside ventures, CITIC Capital and Heyu Capital also particiated. The company, which aspires to be China's Airbnb, received US$15 million in series B financing led by Legend Capital […]

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Banks developed circuitous ways to participate in stock boom, warn analysts

Didi Kuaidi, a company that combines two leading Chinese taxi-hailing app makers Didi Dache and Kuaidi Dache, has raised US$2 billion in its new financing round, according to an announcement posted on the company's Weibo account. Investors in the round include Capital International Private Equity Fund, Ping An Ventures, as well as existing investors Alibaba […]

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Paris-based pan-European middle market private equity firm Idinvest Partners is seeking to raise €1 billion (US$1.1 billion) for a new investment platform focused on investing in French and European small and medium enterprises and helping them expand in China, according to a company announcement. A first closing of €300 million with capital commitments from several […]

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Alibaba Group Holding Limited has made an undisclosed investment in Chinese flash sales platform Mei.com as part of a strategic cooperation between the two parties, according to a company announcement. Alibaba will help enhance Mei.com’s supply chain, logistics, IT infrastructure, while Mei.com is to get traffic and consumers from Alibaba's B2C platform, Tmall.com. Alibaba is […]

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Beijing-based second-hand luxury products distributor and maintenance service provider Secoo Holding Limited has completed the US$55 million series E round of financing led by Ping An Ventures, the venture investment arm of Ping An Insurance (Group) Company of China, according to a company announcement. The company says it will use the proceeds to continue enhancing […]

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Chinese e-commerce firm Alibaba is forming a joint venture with Singapore Post Limited to enhance e-commerce logistics opportunities in Asia. Alibaba Group Holding Limited will invest up to approximately USD67.85 million in Quantium Solutions Internati…

The strict capital controls in China are slowly more surmountable as Renminbi payments made from overseas into China gain new channels. U.S.-based digital money transfer provider Xoom Corporation this week unveiled their Chinese-language website and…

The former general manager of Asia-focused venture firm CyberAgent Ventures's China division, Joei Dai, has left the company to launch a new venture fund on his own to invest in China's O2O (online-to-offline) and Internet Of Things (IOT) sectors, according to media reports. The new venture, named Gravity Venture Capital, is seeking to raise around […]

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China Telecom chairman Wang Xiaochu revealed the company's VoLTE development route and stated that China Telecom plans to raise its 4G network coverage to the level of 3G networks and realize the commercial use of VoLTE before 2018. VoLTE – Voice over LTE – is an IP data transmission technology that delivers high-speed data service […]

Baidu Nuomi, the group buying business under Chinese search engine Baidu, recently announced its new O2O ecological strategy and Robin Li, chairman and CEO of Baidu, said that they will make additional investments of CNY20…