Taiwan-based Fubon Financial Holdings has committed US$20 million to Fosun International's outbound investment fund, according to media reports. After the completion of the deal, Fubon Financial will hold 3.81% of the fund, which seeks to invest in overseas companies that wish to expand in the Chinese markets. Fosun's outbound fund has a fundraising target of […]

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Beijing-based online education platform Yuantiku.com has completed US$15 million new round of financing from existing investors Matrix Partners China and IDG Capital, according to Chinese media reports. The team behind Yuantiku previously operated another similar online platform called Fenbi.com, which was closed down recently. The team now focuses on building Yuantiku, a mobile app that […]

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The anti-corruption campaign appears to have taken on the characteristics of a Maoist purge, sucking people into its vortex

German healthcare company the Artemon Group has signed a strategic agreement with the Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd. to establish the first wholly foreign-owned hospital in mainland China, according to official Chinese news reports. Previously, only healthcare organizations from China's special administrative region of Hong Kong and Macau, as well as Taiwan, […]

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Rong360.com, a Beijing-based online private lending search service provider, has completed series C financing of approximately US$60 million led by a subsidiary of Singapore's Temasek Holdings, according to Chinese media reports. Aside from lead investor Pavilion Capital Pet, existing investors Lightspeed Venture Partners, KPCB and Zero2IPO Venture and Sequoia Capital all participated. Founded in October […]

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In this episode of China Money Podcast, guest Benjamin Fanger, co-founder of Chinese distressed debt investment firm Shoreline Capital, talks to our host Nina Xiang about the changes he saw in the distressed debt investing space over the past ten years, where he sees future opportunities, and how his firm controls downside risks in a […]

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Singapore-based venture and private equity firm Asia Pacific Investment House (APIH) has completed raising US$25 million for a resort project in China's Guangdong province, according to a company announcement. The HMB Avication project, with a total funding target of US$50 million, will be China’s first large scale helicopter based ultra-luxury resort. The company has formed […]

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As part of Microsoft's global employee layoff plan, Nokia's Beijing factory will reportedly cut 3,000 employees. In addition, the factory may be relocated to another city within three to five months, according to reports in Chinese local media. Nokia's Beijing factory is located in the Beijing Economic-Technological Development Area and its output already saw significant […]

Nokia's brand motto "Connecting People" should instead be "Disconnecting People" as the company plans China layoffs of up to 3,000 workers in its Beijing factory. Moreover, the company's factory may be relocated to another city within three to five months, according to reports in Chinese local media. Nokia's Beijing factory is located in the Beijing […]