Beijing-based Chinese group-buying site 55Tuan.com has received US$50 million in a new round of funding from existing investors, according to Chinese media reports. In 2011, the company received US$200 million from CDH Investments, Shanghai GSI Investment, Tianjin Redbud Capital and Zero2IPO Capital. The latest funding will be used to expand the company's services, develop its […]

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Well-connected Chinese private equity firm Hopu Investment Management Co. has signed a memorandum of agreement with Russia's Baikal Mining to jointly develop a copper mine in eastern Russia, according to an announcement. The agreement was signed during Russian President Vladimir Putin's visit to China earlier this week, during which the two countries signed a massive […]

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.

London-based private equity firm CVC Capital Partners has agreed to acquire a majority stake in Asian serviced office operator The Executive Centre Ltd. from Headland Capital Partners, according to a joint announcement. Financial details are not disclosed. Headland, which is an Asia-focused private equity firm based in Hong Kong, will retain a minority ownership in […]

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.

Beijing-based Chinese venture capital firm Legend Capital has reached a final close of US$500 million for its sixth U.S. dollar fund, according to media reports. Legend Capital Fund VI began fundraising in January. The vehicle attracted existing investors of its previous funds, including Texas County & District Retirement System (TCDRS). Legend Capital is the venture […]

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.

Citic Telecom is looking to buy into cable assets controlled by Anil Ambani, in what could become a rare tie-up between tycoon and Chinese state group

The Nigerian government's silence in the month since the Islamist militia group Boko Haram kidnapped more than 200 girls from a secondary school has inspired distraught Nigerian citizens to create the Twitter hashtag #BringBackOurGirls. But can such “hashtag activism” make a real difference?

Early morning attack on street market leaves at least 31 people dead and 94 injured as violence returns to Urumqi, capital of China’s Xinjiang region

Vietnam is considering taking legal action against China as the territorial dispute over the South China Sea becomes ever more fractious

Chinese B2C e-commerce website JD.com revealed in its prospectus that the company reached net operating revenue of CNY22.657 billion in the first quarter of 2014, marking an increase of 65.1% over the same period of last year. According to the prospectus files, JD.com's own business sales contributed CNY21.781 billion to its net operating revenue, a […]

Efforts to launch low-carbon initiatives continue to be sidelined by the relentless pursuit of economic growth

Russia has signed a 30-year deal to supply natural gas to China after almost a decade of haggling

Gas deal with Beijing underscores Russia’s weakness and will leave it as the junior partner

Agreement with Russia ended decade of negotiations during which economic growth tilted the bilateral balance of power in Beijing’s favour