If ‘right living’ head of one of country’s leading companies can disappear, then no tycoon is safe

Yirendai Limited, a P2P (peer-to-peer) consumer lending platform carved out from Chinese online finance firm CreditEase, has filed an amended F-1 form with the U.S. Securities and Exchange Commission, saying it plans to offer 7.5 million American Depositary Shares (ADS) in an indicative price range of US$9 to US$11 apiece, according to a filing. The […]

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The contest between nationalists and internationalists is playing out the world over

Conspiracy theorist apologises for endorsing collapsed exchange

Shenzhen-based Dashu Finance, an online small and micro loan start-up, has completed RMB500 million (US$77 million) series B round of financing led by Asia-focused alternative investment firm PAG, according to Chinese media reports. Existing investor Sequoia Capital also participated. Founded in 2014, Dashu Finance received RMB100 million (US$16 million) series A funding from Sequoia Capital, […]

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In this episode of China Money Podcast, guest Andrew Teoh, founding partner of Ameba Capital, spoke to our host Nina Xiang. Teoh shared his views on potential mergers among Chinese tech companies that could take place in 2016, what start-ups China's BAT (Baidu, Alibaba, and Tencent) are looking to acquire right now, and if Chinese […]

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Shanghai, China, December 14, 2015 /ChinaNewswire.com/ – The Westin Bund Center Shanghai in downtown Shanghai has announced the appointment of Greg Findlay as General Manager. Drawing on over two decades of experience with Starwood, Findlay is responsible for all operations at Shanghai's iconic hotel just minutes’ walk from the historical bund waterfront. After successfully launching … Continue reading "Greg Findlay Has Been Appointed As The General Manager At The Westin Bund Center Shanghai"

CITIC M&A Fund and Legend Capital have agreed to lead an investor consortium to invest US$280 million in Pharmaron, a contract research organization (CRO) for the pharmaceutical industry, according to an announcement. The company, with offices in the U.S. and China, plans to use the funding to further strengthen its core service platforms and to […]

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Beijing-based home renovation O2O (online-to-offline) start-up iKongJian has completed RMB135 million (US$21 million) series B round of financing led by Shanghai Greenwoods Investment Management Co., Ltd., according to a company announcement. Share Capital, existing investor Shunwei Capital, and others also participated. Officially launched in December 2014, iKongJian received RMB60 million series A round of financing […]

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Tycoon addresses company event after 4-day disappearance while assisting judicial authorities

Phoenix Finance, an online finance start-up launched by Phoenix Satellite Television Holdings Ltd., has completed US$80 million series A round of financing led by CITIC Asset Management Corporation Ltd. and a unit of the Chinese Academy of Science Holdings, according to an announcement. Beijing-based CASH Capital (Beijing) Investment Management Co, Ltd., directly managed by the […]

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Carrefour's largest flagship store in Asia opened at Siyuanqiao in Beijing and the store is also the French retailer's first self-owned property store in China. With a construction area of 71,380 square meters, this new…

Case highlights dramatic fall in government tolerance of worker activists

Foxconn Group's Foxconn Electronics has enhanced investment in the second-hand smartphone market. Foxconn Group's subsidiary NC-IH recently acquired a 20% stake in British mobile phone dealer Bamboo Distribution, which focuses on the recycling, refurbishment and distribution of used mobile phones. This investment will allow Foxconn to enter the European mobile phone recycling and reuse market […]

Fears that Beijing’s anti-corruption campaign is spreading to private sector