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

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, says that it has agreed to sell all of its stakes of Japanese tableware maker Narumi Corporation to Japanese glass ware and ceramic products manufacturer Ishizuka Glass Co., Ltd., according to a company announcement. Deal terms were not disclosed. The sale, which is […]

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Chinese mobile app maker Nice has completed US$36 million series C financing led by New York-based hedge fund Tiger Global Management and Vy Capital, an investment firm exclusively focused on Internet and software sectors, according to Chinese media reports. Launched a year ago, Nice received US$8 million series A financing from Matrix Partners and Morningside […]

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Shanghai-based young professional apartment rental O2O (online-to-offline) platform Mogoroom has completed US$25 million series B financing led by Haitong Kaiyuan Investment Co., Ltd., according to the company's official Weibo account. IDG Capital and Ping An Ventures also participated. The company says it will use the proceeds to expand its rental network, improve its services and […]

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Shenzhen-listed Hunan TV & Broadcast Intermediary Co., Ltd. says its subsidiary, Shenzhen Fortune Venture Capital Co., Ltd., has launched a RMB5 billion (US$805 million) industry fund to invest in the Internet and new media sectors in China, according to a regulatory filing. Shenzhen Fortune Venture Capital has committed RMB898.2 million (US$145 million), or 17.96% of […]

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Prices still falling but at slower pace, with a rebound possible in big cities soon

Beijing-based Chinese sporting goods firm Li Ning Co. Ltd., backed by U.S. private equity firm TPG Capital and Singapore's sovereign fund GIC, says it plans to raise between HK$1.5 billion (US$193 million) to HK$1.69 billion (US$218 million) by issuing ordinary shares and convertible securities to the public to support the company's future growth, according to […]

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Durham, North Carolina-based solid state cooling and heating products maker Phononic says that it has completed US$44.5 million series D funding led by Eastwood Capital Corp and the Wellcome Trust, with participation of two Chinese venture firms, according to a company announcement. The WLR China Energy Infrastructure Fund, Beijing-based venture firm Tsing Capital, Venrock, Oak […]

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Challenges faced by the Chinese financial system will continue to build in 2015 as the government works to re-balance economic growth away from investment and towards private consumption. The pressure on Chinese banks' asset quality will also worsen, says a Fitch Rating research report. China's GDP growth is currently projected to slow to 6.8% in […]

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A couple of Chinese technology companies are helping to turn old mobile phones into profit. Shenzhen GEM has signed a strategic cooperation agreement with Aihuishou.com for a long-term brand partnership. With the cooperation, Shenzhen Green Eco-Manufacturer High-Tech Company Ltd. will become the prefered environmental-protection processing partner of Aihuishou.com in China. Aihuishou.com will deliver its collected […]