Chinese bad debt manager China Huarong Asset Management Co., Ltd. has raised HK$17.8 billion (US$2.3 billion) in an initial public offering in Hong Kong. The state-owned asset management firm sold 15% of its enlarged share capital to investors at HK$3.09 per share, just slightly above its lower end of an indicative price range at a […]

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.

At his inaugural commercial show in Europe, the contemporary Chinese artist talks about pushing traditional boundaries

As the one-child policy era ends, enforcers’ roles are under threat

The Syrian crisis has already drawn in all of the country's neighbors, as well as all of the current permanent members of the Security Council except China. To resolve it, a coalition of countries that are not yet directly involved in the crisis – namely, Germany, India, Japan, Brazil, and Egypt – could be very helpful.

Group’s majority owner says it has no political affiliation

Shanghai-based FineEx, a comprehensive logistics services provider, has completed RMB200 billion (US$32 million) new round of financing from Chinese logistics firm Transfar and Addor Capital. Founded in 2006, FineEx previously received tens of millions RMB in funding from Japanese outsourcing firm Transcosmos last year, according to Chinese media reports. FineEx focuses on providing comprehensive logistics […]

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.

The Hague tribunal agrees to hear case about contested South China Sea

Chinese CaaS service provider Alauda.cn has reached a deal with Microsoft's cloud computing service Azure to jointly develop corporate container cloud services. Yan Zhiqing, head of Microsoft Azure China, said that Azure will establish a platform in China and invite partners to build a cloud services community. Pioneers like Alauda.cn introduce the most advanced cloud […]

India wants to arrest drift in relations with one of the largest gatherings of African leaders

The sailing of a US warship within 12 miles of one of China’s new artificial islands in the South China Sea represents the most daring American military intervention in years. If China's self-serving interpretations of international law are truly to be countered, interventions of this type will need to be repeated regularly.

Beijing ends one of the most draconian social experiments in modern history

CITIC Private Equity Funds Management Co. Ltd. (CITIC PE) has offered to acquire Singapore-listed medical device firm Biosensors International Group Ltd. for an undisclosed amount, according to a disclosure document. Biosensors, based in Singapore and with a market capitalization of S$1.1 billion (US$787 million), says it is currently reviewing the proposal, and there is no […]

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.

Cura Investment Management (Shanghai) Co., Ltd., a Chinese private real estate investment firm, has completed initial public offering on China's New Third Board, or the National Equities Exchange and Quotations (NEEQ). According to a company announcement, Cura Investment has raised 56 funds since 2002 with combined assets-under-management of over RMB20 billion (US$3.15 billion) as of […]

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 city, Jiangsu province-based MabSpace Biosciences, a start-up focused on developing antibody therapeutics for cancer treatment, has completed US$15 million series A round of financing from Lilly Asia Venture. In an announcement, MabSpace Biosciences says it will use the proceeds on advancing its pipeline of therapeutic antibody programs into clinical studies and expanding discovery of […]

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.

Shanghai-based online education platform Hujiang.com has completed RMB1 billion (US$157 million) series D round of financing from China Minsheng Investment Corp. Ltd., Wanxin Media, and other investors. The company is in the process of corporate structure reorganization, and is planning an initial public offering inside China, according to announcements made at a press conference reported […]

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.

China Media Capital (CMC) says it has teamed up with its unit Ti’ao Power to secure the rights to broadcast China University Football League (CUFL) in the country for RMB8 billion (US$126 million). According to a company announcement, the deal is part of an investment CMC and Ti'ao Power have agreed to make into EuMedia, […]

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.

ImbaTV, a gaming video contents provider in China, announced that the company has completed its second round financing of about CNY100 million. According to ImbaTV, its investors include Zijin Cultural Development Fund owned by Addor Capital, Prometheus Capital, and its first round investors Sequoia Capital and Innovation Works. So far, all investments have reportedly been […]

Alibaba Group announced plans to further promote its globalization European strategy, stating that they will upgrade their office in London into a European strategic center. At the same time, the group will open a new office in Milan, Italy. The news was announced by Michael Evans, Alibaba Group president and head of globalization affairs. He […]