Beijing-based second-hand automobile trading platform Che101 has completed US$10 million series A funding led by N5 Capital, according to Chinese media reports. Existing investor Lightspeed Venture Partners also participated in the round. Che101 previously received several million U.S. dollar investment from Lightspeed. The company says it plans to expand its used car database to 50 […]

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Record-breaking $179m Picasso sale is part of a much bigger picture as prices soar

Hong Kong-based Asian private equity firm General Enterprise Management Services (GEMS) has agreed to invest US$20 million in Primeline Energy Holdings Inc., an independent oil and gas production company focusing exclusively on China, according to a company announcement. Primeline, which is listed on Canada's TSX Venture Exchange, will issue US$20 million worth of convertible bonds […]

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Beijing-based third-party advertising services firm Miaozhen Systems has completed a series D round of financing worth over US$50 million led by Primavera Capital, according to a company announcement. The company says it will use the proceeds on mergers and acquisitions, as well as improving its shareholding structure. Founded in 2005, Miaozhen previously raised a total […]

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Chinese Internet travel service provider Ctrip.com announced that Shou Xiaoyuan, former deputy general manager of Royal Caribbean Cruises China, has officially joined Ctrip as vice president. Shou will focus on the company's long-tour business group as well as daily operation and management. Shou served as the China deputy general manager of Royal Caribbean Cruises from […]

Easier money means more leverage for punters, which means higher prices only as long as the froth lasts

China Unicom will establish a joint venture with Telefonica, a leading Spanish multinational telecom company. According to China Unicom, the preparation team has been formed and the joint venture will soon be launched. Under the agreement signed by the two parties, the joint venture will have total capital of CNY100 million, including CNY60 million from […]