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

Critics argue that state action will only benefit ‘dumb money’

Online investor views, for better and worse

Despite what many are saying – especially those who do not have to bear the consequences of their words – Greek voters’ rejection on Sunday of the latest bailout offer from their country’s creditors did not represent a “victory for democracy.” In fact, it is quite the opposite.

Suicide drama plays out on social media after losses on China's most famous ‘concept stock’

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel have the opportunity to go down in history as great European statesmen. Rapprochement between their two countries, combined with the promise of debt relief, will restore economic c…

Indian beverage maker Hector Beverages Pvt Ltd has raised US$29 million in its series C financing round led by China-focused investment firm Hillhouse Capital and Belgian investment holding company Sofina, according to media reports. Existing investors Sequoia Capital also participated in the deal, which values the company at approximately US$100 million.   Hector Beverages, which […]

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Oligarch claims sanctions mean companies are surrendering infrastructure opportunities to China

Hangzhou-based automobile service mobile app Diandian Yangche has completed US$60 million series C financing from undisclosed investors, according to the company's Weibo account. At the same time, the company says it has launched auto insurance business. Officially launched by Hangzhou Xiaoka Technology Co., Ltd. in June 2014, Diandian Yangche, previously named Yangche Diandian, completed three […]

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Beijing-based cosmetics e-commerce firm Tiantian.com has completed an undisclosed series B round of financing from Michael Zhang, founding partner of Linear Venture, and Chinese actor Chen Kun, according to Chinese media reports. Founded in 1999, Tiantian.com focuses on one-hour flash sales of cosmetics products including facial masks and skin care via its online platforms. 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.

Suzhou-based online travel platform Tongcheng Network Technology Co., Ltd. has received RMB6 billion (US$967 million) new round of financing led by Dalian Wanda Group, according to an announcement posted on the company's Weibo account. CITIC Capital and existing investor Tencent Holdings Limited also participated. Tongcheng, the operator of LY.com, was reportedly seeking an A-share market […]

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.

Hong Kong is cleaning up its air by asking all ocean-going vessels to conform to new, cleaner fuel guidelines. Ocean-going vessels will have to use low-sulphur fuel while berthing in Hong Kong starting from July 1, 2015. Under the Air Pollution Control (Ocean Going Vessels) (Fuel at Berth) Regulation (Cap. 311AA), which came into effect […]

Nokia will return to the smartphone market when its licensing agreement with Microsoft expires in 2016, and then the once-dominant mobile company says it will embrace the Android operating system. As part of this transition,…

Who said only Ctrip and eLong ruled the Chinese Internet travel world? LY.com, one of China's many privately-run travel booking websites, announced that they have gained over CNY6 billion new investments from Wanda Culture Industry Group, Tencent Industry Win-Win Fund, and CITIC Capital. As the lead investor, Wanda Culture Industry Group invested CNY3.58 billion in […]