Beijing-based Chinese online travel search engine Qunar.com says that its open cloud platform will establish a RMB1 billion (US$160 million) incubator fund to support online travel start-ups in China, according to Chinese media reports. Qunar says the fund will provide RMB500,000 to tens of millions of RMB in funding to entrepreneurs with good ideas and […]

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.

Shanghai-based laundry service platform 24Tidy.com has received tens of millions U.S. dollars series B financing from Sequoia Capital, according to Chinese media reports. Earlier in July, 24Tidy.com received tens of millions of RMB series A financing led by Suzhou-based SIP Oriza Seed Fund Management Co., Ltd. Before that, it received angel investments from 23Seed.com founder, […]

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.

Shanghai-based hotel group Jin Jiang International Holdings Co., Ltd. say it has agreed to acquire France-based Groupe du Louvre and its 100% indirect subsidiary Louvre Hotels Group from Starwood Capital Group, according to a joint statement by Jin Jiang and Starwood Capital. The deal value was not disclosed, but media reports say it could 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.

A fresh set of Chinese economic indicators from the month of October points to continued slow growth despite the government's further policy easings, says a research report by Nomura Holdings Inc. China's industrial production growth slowed to 7.7% in October, after rebounding to 8% in September, below market expectations of 8%. Fixed asset investment growth […]

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.

The race is on to determine who will succeed Ban Ki-moon as UN Secretary-General. The smart money will be on an East European candidate acceptable to the five permanent members of the Security Council – particularly Russia.

Factory output also misses forecasts, adding to pressure for stimulus

Blackstone Alternative Asset Management, Blackstone Group’s hedge fund solutions unit, has partnered with New York-based global macro hedge fund NWI Management, L.P. to jointly launch an asset manager that will provide solutions for investors seeking emerging markets fixed income investments, according to a joint announcement. NWI is contributing investment and trading capabilities for the new […]

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.

Sino-American relationship bedevilled by fundamental notions

First decline in at least a decade from a country that now makes up 33% of international grad students in America

Rising chorus appeals for more aggressive easing to arrest a slowdown in the economy