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

Expanding into financial services may make strategic sense

In a crisis, shares are controlled by the Chinese Communist party

San Francisco-based beauty service booking mobile app maker StyleSeat Inc. has completed a US$25 million new financing round led by Fosun Group's venture investment arm Kinzon Capital, according to media reports. Lightspeed Venture Partners, Cowboy Ventures, and Slow Ventures also participated. Founded in 2011, StyleSeat provides beauty services bookings for customers. The company expects bookings […]

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Chinese venture and private equity firm SAIF Partners has appointed Indian executive Alok Goel as managing director responsible for making early-stage investments in India, according to media reports. Goel is formerly CEO of Indian online mobile card recharge platform, FreeCharge. In October 2014, SAIF Partners invested US$13 million in Indian jewellery retail chain Senco Gold […]

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After 12 years of tedious negotiations, Iran and the P5+1 have reached a comprehensive agreement that will limit Iran’s development of its nuclear capabilities to non-military objectives. While this is a huge diplomatic success, there is much work to be done to ensure that the deal advances peace and prosperity in the Middle East.

China’s new RMB loans picked up to RMB1.27 trillion in June, up from RMB900 billion in May, beating market expectations as a result to recent monetary easing measures, according to data released by the People’s Bank of China. During the first six months, new RMB loans totaled RMB6.56 trillion, compared with RMB5.7 trillion for the […]

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Beijing-headquartered China International Capital Corp., backed by global private equity giants KKR & Co. and TPG Capital, is planning to raise approximately US$1 billion in an initial public offering in Hong Kong, according to media reports. The float, which may take place in October, will provide the Chinese financial services firm's private equity backers a […]

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China-focused distressed debt investment firm Shoreline Capital Management has held a final closing at US$195 million for a co-investment fund, according to media reports. A regulatory filing dated on June 10 discloses that the fund, named Shoreline III Co-investment L.P., has raised US$115 million by then. Representatives at Shoreline did not respond to inquiries to […]

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Figures will offer clues on impact of stimulus measures

Shanghai-based healthcare mobile app maker Xingren has completed RMB200 billion (US$32 million) series B round of financing led by FountainVest Partners, according to Chinese media reports. Existing investors Sequoia Capital and Lightspeed Venture Partners also participated. Xingren, which means "almond" in Chinese, plans to use the proceeds to improve its mobile apps and expand market […]

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Territory’s proponents say open nature of its markets have been highlighted

China-based Baofeng Technology is forming a joint venture to create a new line of smart televisions. Baofeng will establish a joint venture together with RRS, Aofei Animation and 3nod Digital Group, and the first product…

Hong Kong-listed B2B e-commerce platform Hc360.com announced that the company plans to invest CNY120 million to acquire several clothing vertical websites. According to an acquisition letter of intent submitted by Hc360.com to HKEx, the company plans to acquire an 80.38% stake in Zhejiang Zhongfu Network Technology for CNY120.57 million. Zhejiang Zhongfu Network Technology mainly provides […]