Chinese Internet giant Tencent Holdings Limited and Japanese instant messaging service provider Line Corporation have jointly injected US$110 million in Seoul-based mobile games maker 4:33 Creative Lab, according to media reports. As part of the deal, 4:33 Creative Lab will develop original mobile games suited for Tencent and Line's instant messaging services. After the completion […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Asia-focused private equity firm RRJ Capital and Singapore's sovereign wealth fund Temasek Holdings are joining forces again to support Houston-based Cheniere Energy Inc. This time, the two plan to subscribe US$1 billion convertible notes issued by the natural gas company, according to media reports. In May 2012, RRJ and Temasek invested US$468 million for a […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Chinese security software firm Qihoo 360 Technology Co. Ltd. is planning to set up a US$60 million venture fund to invest in early stage companies in the Internet Of Things (IOT) sector, according to media reports. The fund, named 360 Capital-IoT Fund, will invest globally with a focus on China, the U.S. and Israel. Qihoo 360 […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The expected launch of the Shanghai-Hong Kong Stock Connect program next Monday may potentially mark a temporary peak of the markets for both Mainland's A share and Hong Kong's H share markets, says a BofA Merrill Lynch Global Research report. The current market expectations on potential flows are too high, especially for northbound traffic. In […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Market rumours are circulating about further action by the central bank

Cathay Financial Holding Co., Ltd., Taiwan's largest financial holding company, says that its board has approved the acquisition of U.S. investment management company Conning Holdings Corp. for up to US$240 million, according to a joint announcement. The deal is part of Cathay's strategic drive to build a full-service financial platform with businesses in asset management, […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

China's new RMB loans were RMB548.3 billion in October, 36% lower than that of the prior month, failing to meet market expectations, according to data released by the People’s Bank of China. The total social financing aggregate number in October also came in lower than expected at RMB662.7 billion, representing a 23.3% decrease over a […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

HK-Shanghai trade link waives capital gains tax for overseas buyers

Chinese Internet portal NetEase.com announced that the company will officially close its blog services and recommends users to move their blogs to LOFTER, a microblog service at NetEase. According to NetEase, the blogs moving to LOFTER will maintain the same contents. Meanwhile, the company will completely shut down its blog services in the coming weeks. […]

Jane Poynter, co-founder and chief executive officer of World View Enterprises, revealed that the company recently gained a new round of investments and its investors included the Chinese Internet technology giant Tencent. Focusing on the research and development of space travel business, World View operates high-altitude balloons that offer an accessible and affordable way to […]

German private equity firm Auda International L.P. has hired Eunseok So as a senior vice president based in Hong Kong, as the firm continues to expand its Asian team, according to a company announcement. The hire follows Auda's appointment of Lucian Wu as managing director based in Hong Kong last week, and its opening of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.