Country’s slowdown comes full circle as commodity-producing nations tighten belts
2016-05-05
Consumer longing for foreign goods motivated by more than price, with product authenticity and trust key
2016-05-05
New York Stock Exchange-listed Chinese online recruitment firm Zhaopin Ltd. says its management team and Sequoia Capital China have submitted a higher counter offer to take the company private. In an announcement, Zhaopin chief executive Evan Sheng Guo, several company executives and Sequoia China Investment Management LLP proposed to acquire all outstanding ordinary shares in […]
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2016-05-05
Britain owes its former colonies. Yet, instead of returning plundered patrimony to its rightful owners, the British are clinging to stolen artifacts such as the Kohinoor diamond, which they embedded in the Queen Mother’s tiara and shamelessly flaunt in the Tower of London.
2016-05-05
The venture capital arm of Lenovo Group Ltd. has launched its second fund with US$500 million to make early-stage investments in big data, cloud computing, artificial intelligence, Internet of Things (IoT) and consumer upgrade, the company announced during a press conference. The US$500 million commitment mostly comes from parent Lenovo, and will have a dual-currency […]
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2016-05-05
It seems everyone can be a venture investor in China nowadays. There was actress Angela Baby, who founded AB Capital. Her husband Huang Xiaoming teamed up with actress Li Bingbing and actor Ren Quan to establish Star VC. Famous TV host Zhang Quanling also joined Ziniu Fund as a partner last year. Yesterday, former editor-in-chief […]
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.
2016-05-05
Temasek Holdings, IDG Capital Partners and Eurazeo has led a US$110 million series F round of investment in Farfetch, a fashion e-commerce firm with a focus on China and the Asia Pacific region. Existing investors including Advent Ventures Partners, Index Ventures and others also participated in the round. In addition to the series F round, […]
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2016-05-05
Ant Financial Services Group, the financial services arm of Alibaba Group Holdings Ltd., has hired Douglas Feagin, a New York-based managing director at Goldman Sachs, to be the unit's senior vice-president, according to media reports. The appointment of Feagin, who worked at Goldman for 21 years most recently serving as head of Financial Institutions Group […]
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.