Mushrooming of man-made islands is latest flashpoint in seas around China and Japan

Up to Rmb500,000 to be covered though doubts remain that Beijing would permit bank failure

Party cadres stripped of their chauffeurs are struggling to get their own licences

Beijing-based online education platform Genshuixue has completed US$50 million series A financing led by Banyan Capital, according to announcements posted on the company's official Weibo account. Chinese venture firms QF Capital and GP Capital also participated. The round values the nine-month-old company at US$250 million. The financing round, which includes US$41 million from the three […]

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Country seen by Beijing as renegade province meets founding member deadline

Shanghai-based Chinese digital media and display advertising company Focus Media Holding Limited is planning to list on the Chinese A-share market via a reverse merger, potentially raising a total of RMB9.2 billion (US$1.5 billion), according to leaked investor documents reported by Chinese media. After being taken private from the NASDAQ by company founder and a […]

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Aliyun, the cloud computing subsidiary of Alibaba Group Holdings, has launched a Founder+ program, with support from over 30 Chinese venture capital firms, more than 20 incubators and industrial parks, as well as dozens of developer service providers, according to an announcement posted on Aliyun's Weibo account. Chinese angel and venture firms including the ZhenFund, […]

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Beijing-based online community services O2O (online-to-office) platform Beequick has completed US$20 million series B financing led by Hillhouse Capital, according to Chinese media reports. Existing investor, Sequoia Capital, also participated in the round, which reportedly values the ten-month-old business at US$200 million. Launched in May 2014, Beequick received several million RMB angel investment from Chinese […]

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BPE Asia Real Estate, an affiliate of Baring Private Equity Asia, has raised US$365 million for its inaugural real estate fund. Named BPE Asia Real Estate Fund, it is one of the largest first time real estate funds raised by an independently owned manager in Asia, according to a company announcement. The news came one […]

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Japanese retailer Aeon announced its financial report for 2014, stating that the company's Chinese business gained profit of HKD7.1 million during the reporting period. This was reportedly the first time for Aeon, which had entered the Chinese market for nearly 30 years, to make profit in China. In 2013, the Japanese retailer made losses of […]

Chinese automaker BAIC Motor Corporation and Internet company Letv signed a strategic cooperation agreement in Hong Kong for smart systems, the EUI operating system, and Internet of Vehicles system cooperation. At present, Letv is establishing its video industry-based smart ecosystem, covering platform, content, terminal, and applications. The company has formed a top research and development […]