Authorities to embed police in web groups to heighten censorship and prevent subversion

Beijing-based e-commerce platform Taoshijie has completed US$30 million series B round of financing led by venture-backed e-commerce platform Mogujie, according to Chinese media reports. Existing investors Source Code Capital and other unnamed investors also participated. China Money Network cannot verify the news. At the same time, Taoshijie and Mogujie announced that they had formed a […]

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Li Feng, a partner at IDG Capital Partners, has launched a venture fund with a capital raising target of RMB1 billion (US$160 million) to invest in technology, media, and Internet-related sectors globally. Shanghai-listed Zhejiang Daily Media Group Co., Ltd. has committed RMB100 million (US$16 million) to the new vehicle, according to a securities filing. Earlier […]

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Muslims forcibly repatriated from Thailand ‘feared execution’, says Beijing

Beijing pushes policy banks to plough money into domestic projects

China's Hopu Investments and Yuanming Capital have agreed to lead a US$200 million investment in Littleton, Massachusetts-based cancer radiation treatment equipment maker Mevion Medical Systems, according to a company announcement. Other unnamed Chinese investors and existing U.S. investors including Caxton Alternative Management L.P., ProQuest Investments, Venrock and CHL Medical Partners, also participated in the deal. […]

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Hong Kong-based online stock trading platform Futu5.com has completed US$60 million series B financing round led by Tencent Holdings Limited, with participation from Matrix Partners and Sequoia Capital, according to a statement posted on the company's website. Founded in 2009 by a former Tencent employee, Futu5.com focuses on providing online stock trading services for companies […]

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Edaixi, an O2O (online-to-offline) laundry services mobile app developed by Beijing-based laundry brand Rong Chang, has completed a new round of financing led by Baidu Inc., according to Chinese media reports. Existing investors Matrix Partners and SIG China also participated in the round, which reportedly raised US$100 million. China Money Network cannot verify the news. […]

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The author is founder and CEO of T.H. Capital Tian X. Hou With its foreseeable growth and profitability outlook, we are initiating on JD.com Inc. with a buy rating. The company will report second quarter results on Friday, August 7. Its results are highly likely to be better than consensus, mostly driven by its June […]

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Chinese IT solutions and services supplier Neusoft Group has signed a joint venture agreement with Alpine Electronics and Shenyang Fu Rui Chi to build a joint venture named Neusoft Ruichi Automotive Technology (Shanghai) Co., Ltd. With this move, Neusoft Group will be able to distribute in smart, Internet, and new energy automobile electronics businesses. Neusoft […]