CMC Holdings, an investment vehicle affiliated with China Media Capital (CMC), has invested in a series B funding round in Cubee Technology, a Chinese sports data service provider. The company announced the news during a press conference in Shanghai today, without disclosing the dollar value of the investment. Established in 2012, Cubee Technology provides sports […]
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's insurance regulator voiced concerns over Chinese insurers' aggressive moves in the country's stock market, signaling that stricter control measures might be in the works. Insurance companies are risk managers, not risk creators, said Xiang Junbo, the chairman of China Insurance Regulatory Commission (CIRC), during an annual insurance development conference yesterday. Xiang warned that the […]
When a website goes offline, it's often the result of a DDoS attack, forgotten domain name purchase, or bad programming. …
Chinese investors dominated Asian real estate outbound investment in the first half, accounting for 60%, or US$16.1 billion, of total investment, according to data released by CBRE. The total transaction value of China's outbound investment in real estate more than doubled year-on-year, up from US$7.3 billion recorded for the first half 2015. Insurance firms were […]
Shanghai-based Teambition, a cloud-based collaboration and project management tool, has received an undisclosed strategic investment from Tencent Holdings Ltd., according to Chinese media reports. Teambition started as a software-as-a-service (SAAS) enterprise management tool used internally, and has gradually become a product with one million projects operating on its platform, says its website. Its iPhone and […]
China intends to further tighten control over the country's digital news and content websites with stricter requirements, after several earlier …
Greater China-focused hedge funds were down 4.70% during the first seven months, shrinking its losses for the year and beating the CSI 300 Index, which was down 14.13% during the same period, according to data tracker Eurekahedge. Asia ex-Japan managers were up 0.48%, while North American hedge fund managers lead the tables, up 3.87% during […]
An investor consortium including Matrix Partners China, Sequoia Capital China, Alibaba Group Holding Ltd. and Yunfeng Capita has withdrawn a non-binding proposal to take NASDAQ-listed Momo Inc. private, says a company announcement. Led by Tang Yan, chairman and chief executive of Momo, the group submitted a proposal in June 2015 to acquire all shares not […]
Fenda, a Sequoia Capital-backed audio-based knowledge sharing platform, has been unavailable since last week, perhaps due to external forces beyond its control, says Chinese media reports. The external force mostly likely refers to government intervention, as the Chinese media monitoring and control bureau often suspends operations of popular content platforms it deems harmful to society. […]