Massive explosions ripped through city streets after damaged pipeline leaked crude oil into city storm sewers

Shenzhen-based Chinese sports lottery firm 500.com has completed an IPO on the New York Stock Exchange, raising $75 million by offering 5.8 million ADSs at $13. The company had a price range of $9 to $11 last month when it initially filed for an IPO. 500.com has previously secured venture capital investments of several million […]

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Menlo Park, California-based venture capital firm DFJ (Draper Fisher Jurvetson) will close down its China office in Shanghai. Hope Chen, DFJ's China investment chief, will remain a managing director to oversee DFJ's existing investments in China, according to media reports. The change is part of an overhaul of DFJ's global operations. Tim Draper, co-founder of […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.