Markets cheered after PBoC cut interest rates amid concerns over threat of deflation

Sino-French private equity firm Cathay Capital Private Equity has acquired global advertising management platform Smart AdServer, according to a company announcement. The transaction value is not disclosed, but media reports have put the number at €37 million (US$41 million). After the completion of the acquisition, Smart AdServer will become an independent company. Since September 2007, […]

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 O2O (online-to-offline) platform for automotive after sales service Yikuaixiu.com has received US$12 million series A financing from Chinese venture firm Lightspeed China Partners, according to Chinese media reports. The company says it will use the proceeds to expand its offerings and to build more offline stores in major cities in China. Launched in June […]

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 B2C e-commerce website JD.com officially opened its first comprehensive service center in Taiyuan, Shanxi province to provide super-fast services to consumers. As an important regional service center, the JD Taiyuan comprehensive service center is established with the ideas of better serving customers and improving customer satisfaction. Located in a prosperous commercial area, the new […]