Though its population of 7.5 million is equal to that of a mid-size mainland Chinese city like Hangzhou, Hong Kong's …
2016-08-25
2016-08-25
SBCVC, HighLight Capital and Baidu Inc. have invested RMB216 million (US$33 million) in a series B+ round of financing in Quyiyuan, an online doctor appointment booking platform, according to Chinese media reports. At the same time, a mobile healthcare start-up founded by the same founders of Quyiyuan.com, Shanghai Kyee Technology, also raised RMB97 million (US$14 […]
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.
2016-08-25
Yidao Yongche, a Chinese ride share company controlled by LeEco, is planing to list on China's New Third Board next year with an eye to eventually list on the A-share market via a back-door listing, Chinese media reported citing people familiar with the matter. As one of the earliest Uber-like ride share firms to be […]
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.
2016-08-25
Chinese alternative investment firm CDH Investments is selling up to US$1.19 billion worth of shares in Chinese pork producer WH Group to allow a partial exit from an investment it made in 2007, according to a disclosure filing. CDH is selling around 1.55 billion shares, or a 10.61% stake, at HK$5.95 apiece, with part of […]
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.
2016-08-25
A total of 304 venture and private equity deals with aggregate deal value of US$5.9 billion took place in July, down 136% and 198% year-on-year, respectively, according to new data released by ChinaVenture. The numbers are also disappointing considering that 327 deals with US$10.3 billion total deal value were recorded in June, a lower comparison […]
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.
2016-08-25
STX Entertainment, a Hollywood film studio and distributor with backings from private equity investors and Tencent Holdings Ltd., is expanding into virtual reality (VR) with the acquisition of U.S. VR content producer, Surreal. Financial details of the acquisition were not disclosed. After the acquisition, Surreal will become STX Entertainment's VR division to continue developing VR […]
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.
2016-08-25
China announced new rules to tighten regulation of the country’s P2P (peer-to-peer) lending sector, imposing a strict lending cap to lenders on the country's 2,349 P2P platforms. As previously reported by China Money Network, individual lenders can lend up to RMB200,000 (US$29.976) on a single P2P platform, while lending no more than RMB1 million (US$150,000) […]
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.