Beijing-based animation start-up Light Chaser Animation Studios, founded by founder and ex-CEO of Chinese video sharing site Tudou.com Gary Wang, has received US$20 million series B financing, according to Chinese media reports. GGV Capital and ChengWei Venture Fund led the round. Hillhouse Capital and existing investor IDG Capital Partners also participated. Light Chaser previously received […]

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Chinese bone medical equipment manufacturer Shanghai Sanyou Medical Equipment Co. Ltd. has received a new round of financing from Qiming Venture Partners and Taifu Capital, according to a joint announcement. The round totaled around US$10 million, and the Shanghai-based company says it will use the proceeds on expanding research and development, as well as strengthen […]

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At dawn on Thursday, the final remnants of what had been a family home for three generations was reduced to rubble

Dissidents decry sentences that reflect the increasingly hard line the China’s Communist party has taken against political expression

Pak-Seng Lai, former head of Asia at German private equity firm Auda International L.P., will join Chinese private equity firm Vision Knight Capital as managing partner on July 1, Vision Knight confirms to China Money Network. In April, the Shanghai-based private equity firm just completed fundraising of a US$550 million new fund. Jointly founded by […]

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Chinese financial services firm Shanghai Nord Engine Asset Management Group says it will invest US$250 million in small- and medium-enterprises in the U.K. and Europe, according to an announcement posted on its website. The Shanghai-based company did not specify where the capital will be from, and in what format will its investments take place. The […]

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New home prices (excluding affordable housing) fell in 35 of 70 medium-to-large-sized Chinese cities in May, up from April’s 8 cities that saw price reductions, according to data released by the National Bureau of Statistics. A total of 8 among the 70 cities saw home prices increase compared with 44 cities in April. Zhengzhou city […]

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The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital We believe search monetization as well as strong mobile momentum were the driving force behind Qihoo 360 Technology Co. Ltd.'s strong first quarter earnings results and second quarter guidance. On the back of market share growth, search monetization may […]

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Chinese telecom operator China Mobile announced that the company plans to acquire a 18% stake in True, one of the three major telecom carriers in Thailand, for about CNY5.5 billion. On the completion of the transaction, the two parties will implement cooperation in various sectors, including technology and network construction, procurement sharing, and market development. […]

UK goods exports to China have almost doubled in the past four years but Britain’s share of the Chinese imports market is far below competitors

The country’s top auditor blames mismanagement, dereliction of duty and poor due diligence at the sovereign wealth fund

In an article published to coincide with the final day of Li Keqiang’s visit, the Global Times says ‘eccentric acts’ are used to cover UK’s waning importance