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

As western nations retire from the global stage, Russia and China step up, writes Michael Fullilove

Beijing wants a mediator to broker a lowering of Washington tensions. By Tessa Keswick

Chinese president’s remarks could undermine anti-EU campaigners who hope for bilateral trade deals

Central bank takes action for the sixth time this year

Hong Kong asset management firm Value Partners Group Limited has obtained a Qualified Domestic Limited Partner (QDLP) license from the Shanghai municipal government and an initial US$100 million quota to manage cross-border private investment funds, says a company announcement. It is the first QDLP license granted for a Hong Kong fund management company. The license […]

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A slowing economy is raising financial stress — and the risk of social unrest

Shanghai-based automobile after-sales products and services e-commerce platform Tuhu has completed US$50 million series C+ round of financing led by Hillhouse Capital, according to Chinese media reports. Existing investor Qiming Venture Partners and other unnamed investors also participated. The funding round follows a US$100 million series C round from Joy Capital and others announced in […]

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GGV Capital, a venture capital firm focused on expansion stage investments across the U.S. and China, is reportedly raising up to US$1.1 billion in new investment vehicles. If completed, it would bring the venture firm's total assets-under-management to US$3.75 billion. Representatives at GGV Capital did not immediately respond to an inquiry to confirm the news. […]

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Beijing Zhongguancun Development Group and Tsinghua Holdings have jointly launched a fund-of-funds (FoF) to make angel investments in innovative start-ups with a fundraising target of RMB1 billion (US$160 million), according to Chinese media reports. The fund will first aim to raise RMB300 million (US$47 million). Beijing Zhongguancun will be the main capital contributor, while Tsinghua […]

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Shanghai Babi Food, a Chinese food convenience store franchise, has completed over RMB100 million (US$16 million) new round of financing from Sino-Can Harvest Capital Co., Ltd., according to a company announcement. Founded in 2001, Shanghai-based Babi Food specializes in selling steamed buns and currently has over 1,800 stores across China. Established in 2006, Beijing-based Sino-Can […]

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China's Internet of Things (IoT) sector will grow more than five times in the next five years to US$41 billion in revenues by 2020, the fastest growth rate in the world, according to market research firm ABI Research. "Driving China's IoT numbers is the smart meter segment," says Dan Shey, vice-president and IoT practice director […]

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Allen Park, Michigan-based next generation internal combustion engine maker EcoMotors has secured an undisclosed series D round of financing led by Chinese auto parts maker Anhui Zhongding Holding (Group) Co., Ltd., says a company announcement. Even though the total amount of EcoMotors' funding round is not disclosed, the company says that Zhongding has agreed to […]

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Alibaba Group announced that its YunOS will enter the smart wearable device market with the launch of YunOS for Wear. According to Gu Zhicheng, head of smart hardware for the YunOS business unit, YunOS for Wear can be applied to smart wearable products unilaterally or paired with smartphones and external apps. Gu said YunOS for […]

Bank’s review of UK base looks at alternatives to Hong Kong