Suzhou city, Jiangsu province-based Chinese bio-pharmaceutical firm Innovent Biologics, Inc. has raised US$100 million series C financing led by Legend Capital, according to a company announcement. New investors, Singapore's Temasek Holdings and two unnamed investors, as well as existing investors Fidelity Biosciences, Fidelity Growth Partners Asia, Lilly Asia Ventures, and Frontline Bioventures, also participated. The […]

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-focused venture capital firm Banyan Capital has reportedly reached final closing of US$362 million for its second U.S. dollar fund, according to Chinese media reports. The fundraising process took only over one month, and is oversubscribed with more than US$500 million of subscriptions received, according to the reports. Representatives at Banyan Capital did not respond […]

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.

Singapore-headquartered pan-Asian private equity firm L Capital Asia is to invest US$100 million in China's mall operator, Sasseur Cayman Holding Ltd., according to media reports. Sasseur plans to build four outlet malls this year and expand its network across China to a total of 20 outlet malls in the next five years. "The outlet concept […]

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.

Beijing-based private equity firm Hosen Capital has acquired Mundelein, Illinois-based U.S. beef processor and retailer Ruprecht Company for an undisclosed amount, according to an official announcement. Hosen Capital made the acquisition from a fund under its management, New Hope Investment Fund. The deal follows the fund's purchase of a majority stake in Australia's fourth biggest beef […]

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.

Beijing-based cloud technology developer Yuntongxun.com has received US$15 million series B financing from TBP Capital, according to unverified media reports. In 2013, the company received US$4 million series A financing from Sequoia Capital, according to the company's official website. Founded in May 2013, the platform has currently gathered more than 10,000 developers and over 500 […]

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.

Guangzhou, Guangdong province-based radio mobile app developer Lizhi.FM has received US$20 million series C financing from Xiaomi Inc., Shunwei Capital, Matrix Partners China, and Morningside Ventures, according to media reports. In December 2011, the company received US$10 million series B financing from Matrix and Morningside. In December 2010, it received millions of U.S. dollars series […]

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 authors are Fitch Ratings' senior directors Matt Jamieson and Sabine Bauer The currency of China continues its ascent among global payments settlement, trade, and currency investment. With support from a rapidly expanding network of offshore Yuan clearing centers, Fitch Ratings expects the proliferation of these offshore clearing centers to drive greater issuance of Dim […]

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.

Beijing-based alternative investment firm CDH Investments, the largest financial shareholder in Hong Kong-listed Chinese pork giant WH Group, is in the process of paying back a loan backed by part of its shareholding of WH Group, according to media reports. In October 2014, CDH Investments took out a loan of US$500 million with its approximately […]

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.

American consumers have now one less way to buy dangerous goods from China. Alibaba reportedly will prevent Chinese vendors from selling children's products that are considered dangerous or illegal to American consumers. The U.S. Consumer Product Safety Commission has provided a list of up to 15 products which are considered illegal or have been recalled […]

Alibaba will prevent Chinese vendors from selling children's products that are considered dangerous or illegal to American consumers. The U.S. Consumer Product Safety Commission has provided a list of up to 15 products which are considered illegal or have been recalled by manufacturers. Those products include baby seats and powerful magnets, and they are currently […]