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

Zhou Bin handed $54m fine and 18 years in prison

Chinese leader expected to sign 24 ‘co-operation’ agreements in Serbia

A weakening of sanctions on Russia might please European populists, and a growing number of business leaders favor a softer approach as well. But when the EU's current sanctions regime expires next month, it should be tightened, not loosened.

yycomNASDAQ-listed Chinese video-based social network firm YY Inc. says its chairman Lei Jun and CEO David Xueling Li have withdrawn their non-binding take-private proposal after reconsidering market conditions. The cancellation of the deal is expected as the company's shares have been trading at a large discount to the proposed price for most of the past […]

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New tech firms focus on short-term gain at expense of R&D

Debt recovery tactics grow more aggressive as economy slows and loans sour

chip-makerChina's Tsing Capital has led a RMB92 million (US$14 million) series C round in Smarter Micro, a Chinese semiconductor company that develops products serving smartphone makers. Existing investors GSR Ventures and Vertex Ventures also participated. "The smartphone market is a massive one. Smarter Micro's products are at the core of the entire value chain, which […]

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Foshan, Guangdong, June 15, 2016 /ChinaNewswire.com/ – Regal Financial Center Hotel Foshan has won the “China's Best Newly Opened Business Hotel” from “2016 China Tourism and Hotel Award”. 2016 China Tourism and Hotel Award, adhering to the international accreditation criteria, select and issue the most credible and influential annual brand excellence award through the public … Continue reading "Regal Financial Center Hotel Wins 2016 China Tourism and Hotel Award"

Chinese movieChinese online game developer and operator Giant Interactive Group announced plans o set up a movie and television business subsidiary, …

Foreign ministers issue then retract statement expressing ‘serious concerns’

videoCMC Holdings, an investment platform affiliated with China Media Capital (CMC), has made an undisclosed series B round in VS Media, a multi-channel online video network focused on supporting online video content celebrities. "Video has become a mainstream entertainment for mass consumers and it is experiencing explosive growth in the mobile world," says Li Ruigang, […]

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mechinaryChina's National Development and Reform Commission, Ministry of Finance, Ministry of Industry and Information Technology have teamed up with the State Development & Investment Corp. and Industrial and Commercial Bank of China to establish an industry investment fund earmarked for backing advanced manufacturing companies and projects. The public-private partnership fund, authorization by the State Council […]

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fenqileHuasheng Capital, a venture capital unit of local investment banking firm China Renaissance Partners, CoBuilder Partners and an unnamed Chinese insurer have led a US$235 million series C round investment in Fenqile, a Shenzhen-based installment payment e-commerce platform targeting young Chinese consumers. The round has not officially closed, says Chinese media reports, and the identities […]

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mobilephone copy 2Shanghai Zhangjiang Torch Venture Capital has invested an undisclosed amount in a series B+ round in exands, a business-to-business wifi service provider start-up in China. In an announcement, the company says it will be relocated to the Shanghai Free Trade Zone following the investment. "When we started working on in-store wifi, very few restaurants thought […]

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Hamilton-laneHamilton Lane has reached final closing of Hamilton Lane Strategic Opportunities Fund 2016 with more than US$210 million in commitments, exceeding its initial target of US$150 million, the firm announced in a statement. The new fund was created as a unique solution for limited partners seeking short duration, risk-adjusted returns. Structured as an annual series […]

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australiaA subsidiary of Chinese property developer Hengmao Group has bought an Australian project for A$88,888,888 for good luck as the number eight "Ba" sounds similar to the word "Fa", which means to make a fortune. Australian financial services firm Computershare put up its headquarters in Melbourne for a sale-and-leaseback deal in April, and was expecting […]

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stocksGreater China hedge funds dropped by 1.44% in May, with losses of 5.73% on a year-to-date basis, outperforming the CSI 300 Index that has declined 15.05% as of May 2016, says Eurekahedge. It has been tough for hedge funds this year. Around 48% of managers were in the red this year, compared to 20% of […]

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HuizucheAsia-focused private equity firm H&Q Asia Pacific has led a RMB200 million (US$30 million) series B round in Huizuche, a start-up focused on car rental services for outbound Chinese tourists. Existing investor Northern Light Venture Capital and new investor VentureShares also participated in the round, according to Chinese media reports. Established in 2014, Huizuche provides […]

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