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

Sequoia Capital has led a US$60 million financing round in Wangzhu Group, an e-commerce platform for the construction material and home decoration sector in China, according to announcements made at a press conference in Hangzhou, Zhejiang province. E-house Capital, the investment arm of New York Stock Exchange-listed real estate services firm E-House (China) Holdings Limited, […]

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Beijing-based second-hand automobile trading platform Cheyipai has completed US$110 million in series D financing led by New York Stock Exchange-listed Chinese social networking firm Renren Inc., according to the company's official Weibo account. Existing investors Sequoia Capital, Matrix Partners, Morningside Ventures, and CITIC Capital also participated. Founded in 2006, Cheyipai previously received US$5 million series […]

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Former security chief charged with organising, leading and participating in Mafia-like groups

Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, is reportedly close to completing its first round of financing from a number of state-owned Chinese financial institutions with a valuation of US$30 billion, according to Chinese media reports. China's National Social Security Fund, Postal Savings Bank of China, and […]

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China's exports surprisingly declined by 3.2% in January 2015, compared with a growth of 9.9% in the prior month. Imports also dropped sharply by 19.7%, versus a 2.3% decline in the previous month, according to data released by China's General Administration of Customs. As imports continued to under-perform, China registered another record high monthly trade […]

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Chinese e-commerce giant Alibaba Group Holding Limited says it has agreed to invest US$590 million for a minority stake in Zhuhai city, Guangzhou province-based Chinese smartphone maker Meizu Technology Corporation Limited, according to a company announcement. In December 2014, media reports surfaced that Meizu has received RMB2 billion (US$320 million) of financing cumulatively from an […]

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Standard Chartered Bank (China) Co., Ltd has priced its first Collateralized Loan Obligation (CLO), the Zhen Cheng Credit Asset Secularization 2015-1 Asset-backed Securities, in China last Friday, among the first batch of foreign banks to participate in the credit asset secularization pilot program in China, according to a company announcement. The issuance is approximately RMB1 […]

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American ice cream brand Haagen-Dazs wants to get a sip of the burgeoning Chinese coffee market. Haagen-Dazs said that the company has prepared for many years for entering the coffee market. The company will reportedly open independent coffee shops in the future to expand into a bigger market. Haagen-Dazs' first coffee product will be "rainbow […]

Lenovo Group has reached a deal with Hong Kong Cyberport Management Company Limited to jointly build a cloud service and product research and development center. According to the agreement signed by the two parties, Lenovo and Cyberport will cooperate in various sectors, including science and technology development and innovation; talent training and employment; local cloud […]

How much is a good website domain name worth these days? An insider from Qihoo 360 confirmed that the company has invested USD17 million, which is about CNY110 million, to acquire the top-level domain 360.com. This top-level domain was previously owned by telecom carrier Vodafone. At present, the domain has directed to Qihoo 360's search […]

Robin Li, founder of Baidu.com, announced via an internal email that the company will integrate its existing business groups and business units into three major business groups. Baidu has confirmed the news and said that the three major business groups will be a mobile service business group, emerging business group, and search business group. The […]