Nobody loves things western more than the Chinese, but the east dominates the breakfast trade

Migration blow to mainland millionaires linked to Beijing’s efforts to crack down on corruption

Beijing-based Android app development firm Apus Group has received US$100 million Series B financing from Chinese venture firms Chengwei Ventures, SIG Ventures, and Qiming Venture Partners, according to an announcement posted on its official Weibo account. Existing investors in the company's series A round, Northern Light Venture Capital and Redpoint Ventures, also participated in the […]

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Shanghai-based online travel insurance service provider Ins110.com has received RMB500 million (US$80 million) series A financing, according to unconfirmed Chinese media reports. No Specific terms of the investment were disclosed. In March 2014, the company received RMB25 million (US$4 million) investment from a joint venture established Guotai Junan Securities Co., Ltd and Chinese private equity firm, […]

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Beijing-based Chinese group discount platform Meituan.com has received US$700 million new round of financing based on a valuation of US$7 billion, according to the announcement in its Weibo account. Details of the investors are not disclosed. The group's turnover for the year 2014 surged by 180% to RMB$46 billion (US$7.4 billion), according to the announcement. […]

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Shanghai-based Chinese health checkup clinic network Meinian Onehealth Healthcare (Group) Co. has made a strategic investment in Beijing-based rival, Ciming Health Checkup Management Group, according to a company announcement. No specific terms of the investment were disclosed, but Chinese media reports say that the two companies will continue to operate independently, and Ciming Health's controlling […]

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Beijing set to reveal slowest annual expansion in 24 years

Chinese online English learning platform 51Talk has acquired the entire stake in another English learning website 91waijiao, and the two platforms will now merge. The financial terms fo the deal were not released. After the acquisition, all 91waijiao businesses will be integrated into 51Talk and users registered on 91waijiao will also be able to enjoy […]

Alibaba Health Information Technology Limited, formerly known as CITIC 21CN Company Limited, has settled a legal dispute with Oracle. Alibaba Health will pay about CNY37.2 million to Oracle for a licensing agreement for database management software signed in 2006. Meanwhile, the company will be refunded a deposit of USD11 million plus USD1.2 million in interest […]