Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager, says investors now value risk control more after the Chinese stock market correction. 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 […]

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.

Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager, says the most recent Chinese stock market crash reveals that many Chinese hedge fund managers merely had exaggerated "beta" in the past, and they failed to achieve "alpha" during the past few months. Visit ChinaMoneyNetwork.com for more daily finance news, […]

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 aggressive activities in the South China Sea dominated discussions at the recent East Asia Summit in Kuala Lumpur. But China's rejection of efforts to secure a multilateral agreement to end the protracted stand-off in the area threatens its own interests most of all.

Beijing-based online used car trading platform YouChe has completed US$18 million series B financing led by Galaxy Capital, according to Chinese media reports. Existing investors IDG Capital Partners and Zhen Fund also participated in the round. Founded in December 2013, YouChe previously received several million RMB angel investment from Zhen Fund in December 2014. 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.

The paradox of democracy today is that, with people’s material expectations largely met, citizens in many countries – including Hungary, Russia, and Turkey – have increasingly voted for neo-authoritarian defenders of stability and national sovereignty. This trend will not reverse until voters see that prosperity requires freedom.

Shanghai-based P2P (peer to peer) lending platform DianRong has completed US$207 million series C round of financing led by Standard Chartered PLC and China Fintech Fund, according to an announcement posted on the company's Weibo account. Bohai Leasing Co., Ltd. and all existing investors also participated in the round. The deal is significant in that it […]

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As long as the economy is as the party wishes, it turns a blind eye to risk, writes Michael Schuman

Shanghai-based trucking dispatch mobile app maker Yunmanman has completed series C round of financing amounting to hundreds of millions of RMB led by Yunfeng Capital, according to Chinese media reports. Existing investors Sequoia Capital and Lightspeed Venture Partners also participated. Launched in 2013, Yunmanman completed US$5 million series A round from Lightspeed Venture Partners in […]

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Singapore-headquartered taxi-booking app GrabTaxi Holdings Pte Ltd has completed US$350 million series E round of financing from China's Didi Kuaidi, China Investment Corporation, existing investor Coatue Management LLC and others, according to a company announcement. The Southeast Asian company says it will use the proceeds to expand its booking services and invest in technology. Founded […]

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Xiamen-based sex toy e-commerce platform Touch has completed RMB85 million (US$13 million) series B round of financing from China Securities International, Dingfeng Asset, Shenzhen Fortune Venture Capital Co., Ltd. and others, according to a news report posted on the company's Weibo account. Founded in 2012, Touch raised RMB50 million (US$7.8 million) series A from Shenzhen […]

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Fund says any decision this year to include renminbi in SDR basket would take effect next September

Chinese smartphone maker Coolpad has appointed Jia Yueting, chairman and general manager of Letv.com, and Liu Hongwei, vice chairman and deputy general manager of Letv.com, as executive directors, effective immediately. According to the company, Jia and Liu signed three-year service contracts with Coolpad, starting from August 17, 2015. Both of them will receive CNY1 million […]

Starwood Hotels & Resorts Worldwide Inc. announced three Element hotels are planned in Greater China to open over the next four years. The Element brand is positioned to meet growing China travel demand with its…

Science magazine finds use of lower-quality coal has resulted in lower greenhouse gas emissions