Online group’s capitulation in China is sensible

Shanghai-based healthcare and pharmaceutical service provider MedSci has received tens of millions U.S. dollar series A financing from Qiming Venture Partners, according to a company announcement. The proceeds will be used to develop its medical service business. Founded in 2008, MedSci provides strategies, solutions and services to pharmaceutical, biotech and medical device organization and the […]

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Shenzhen-based maternal and infant social networking platform Lamabang.com has completed US$100 million series C financing led by online shopping site Vipshop, according to a company announcement. The round values the company at US$1 billion. Matrix Partners China, Greenwoods Asset Management Limited, and Morningside Ventures also participated in the financing. In July 2014, the company received […]

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Under the Dome film removed from major websites

Beijing-based Chinese restaurant chain Porridge Jiahe, backed by Sequoia Capital and Yunfeng Capital, is being acquired by Shenzhen Stock Exchange-listed Xi'an Catering Co., Ltd., according to a securities filing. Xi'an Catering, whose shares have halted trading because of the planned transaction, is to acquire 100% of Porridge Jiahe by issuing new shares. Details of 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.