The accord goes further than the world could have expected a year ago but not as far as it needs

China's Baidu Inc has established a financial services group to develop consumer finance, mobile payment and Internet brokerage businesses, according to an internal letter sent by chief executive Robin Li cited by Chinese media reports. The move follows a reorganization in February when Baidu structured its businesses into three groups: mobile services, emerging businesses and […]

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.

Beijing-based study mobile app Afanti has completed US$60 million series B round of financing from Shenzhen Capital Group Co., Ltd., Fenghuang Xiangrui Internet Investment Fund and Lang Ma Feng Venture Capital, says Chinese media reports. Officially launched in July 2014, Afanti received US$18 million series A funding from Anfulan Venture in January. Afanti provides real-time […]

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.

Andrew Teoh, founding partner of Ameba Capital, tells China Money Podcast host Nina Xiang that when he makes investment decisions, he would consider a sale to Chinese Internet giants, BAT (Baidu, Alibaba, Tencent), as potential exits. He shares his view on what assets BAT are likely to acquire in the next year. Visit ChinaMoneyNetwork.com for […]

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.

Andrew Teoh, founding partner of Ameba Capital, tells China Money Podcast host Nina Xiang that there will be more mergers among Chinese technology companies in 2016, which will create clear industry number twos. In particular, the O2O (online-to-offline) sector will see more mergers as the availability of capital decreases. Visit ChinaMoneyNetwork.com for more daily finance […]

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.

Andrew Teoh, founding partner of Ameba Capital, tells China Money Podcast host Nina Xiang that he likes social network-based B2C start-ups now as Chinese consumers become more sophisticated and want quality, brand and seamless shopping experience. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial […]

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.

Andrew Teoh, founding partner of Ameba Capital, tells China Money Podcast host Nina Xiang that as China's capital markets changes, the RMB will become a more important currency in both early stage and late stage investments in China, different from the past when the U.S. dollar dominated in both investment and exits. Visit ChinaMoneyNetwork.com for […]

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.

Manila, Philippines, December 15, 2015 /ChinaNewswire.com/ – AccorHotels launched the Novotel Manila Araneta Center in this October, bringing the world’s most recognized international business class hotel brand to the Philippines. Located within the Araneta Center, the premier lifestyle hub of Quezon City, the 24-storey hotel features 401 contemporary rooms and suites and an executive sky-lounge … Continue reading "AccorHotels Announces First Novotel in the Philippines"

WuXi Healthcare Ventures, the venture capital arm of New York Stock Exchange-listed pharmaceutical research and development services provider WuXi PharmaTech, has closed its second venture fund at U$290 million, according to an announcement. The WuXi Healthcare Ventures II, L.P. counts parent WuXi PharmaTech as the anchor investor and sponsor. The new fund exceeded its initial […]

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.

New York Stock Exchange-listed Chinese solar panel maker Trina Solar Ltd. says it has received a preliminary proposal from its chief executive Gao Jifang and a unit of government-backed Industrial Bank Co., Ltd. to take the company private at US$11.60 per American Depository Share (ADS), valuing the company at US$986 million, according to an announcement. […]

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.

Shenzhen-listed Meinian Onehealth Healthcare (Group) Co., Ltd. and a group of private investors have upped their offer to acquire NASDAQ-listed rival, iKang Healthcare Group, according to an announcement. The investor consortium, which includes a unit of Ping An Insurance (Group) Company of China, Ltd., a unit of Taiping Asset Management, Huatai Ruilian Fund Management, Sequoia […]

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.

Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million. According to reports in foreign media, Morgan Stanley, Citibank, and Jefferies are handling the deal and China Rapid Finance may choose to be […]