Long-range test of encryption pushes frontiers of data security and challenge US space supremacy
2016-08-16
China's State Council has approved the a stock connect program between Hong Kong and Shenzhen, Premier Li Keqiang said at a council meeting on Tuesday, without specifying any likely launch date or other details. "The basic preparation work for the stock connect scheme between Hong Kong and Shenzhen is ready. The State Council has already […]
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2016-08-16
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed US$45 million to a Hosen Capital fund and another vehicle managed by Long Hill Capital Management, according to disclosure filings. IFC is committing up to US$30 million to Hosen Investment Fund III, the latest vehicle from Hosen Capital, a Chinese private […]
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2016-08-16
Property group’s stake may tilt tussle for control towards Baoneng or Vanke’s management
2016-08-16
Worldwide revenues for the augmented reality and virtual reality (AR/VR) market will grow from US$5.2 billion in 2016 to more than US$162 billion in 2020, according to a new report released by the International Data Corporation (IDC). This represents a compound annual growth rate (CAGR) of 181.3% over the 2015 to 2020 forecast period. "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.
2016-08-16
DouyuTV, a game and entertainment live broadcast platform in China, has raised a RMB1.5 billion (US$226 million) new financing round led by Phoenix Capital Asset Management and Tencent Holdings Ltd., according to Chinese media reports. Shenzhen Capital Group and National SME Development Fund also participated in the round, bringing the total capital raised by the […]
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2016-08-16
Tencent Holdings Ltd. has led an undisclosed series C+ round in KEEP, a Chinese workout mobile app operator, according to Chinese media reports. The round came three months after the start-up raised US$32 million in a series C round led by Morningside Ventures and GGV Capital in May, with participation from Bertelsmann Asia Investments. Launched […]
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2016-08-16
Meet You, a Chinese female social network and mobile app operated by Xiamen Information Technology, has completed a RMB1 billion (US$151 million) new financing round from undisclosed investors, according to Chinese media reports. Existing investors all participated in the new round, says the reports, indicating that Matrix Partners China, K2VC, and Cathay Capital Private Equity […]
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.
2016-08-16
Suning Commerce Group recently published a report for its performance in the first half of 2016, stating that Suning's total operating revenue was CNY68.72 billion, a year-on-year increase of 9.03%. At the same time, the…
2016-08-16
The country is becoming a lightning rod for Chinese anger towards the west
2016-08-16
HTC and Alibaba Group have signed a cooperation agreement under which HTC's newly established virtual reality unit will use Alibaba's …