Washington is giving up on the idea that Beijing can become a stakeholder in the present global order

Tencent Holdings Limited has agreed to acquire approximately 14.6% of San Francisco-based mobile gaming firm Glu Mobile Inc. for US$126 million, further expanding the Chinese Internet firm's gaming assets globally, according to a company announcement. Tencent is to purchase 21 million shares of Glu’s common stock at a price of US$6.00 per share. The deal, […]

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.

New York Stock Exchange-listed China Cord Blood Corporation, in which KKR & Co. L.P. has made an investment, has received a take-private offer from its largest shareholder, Golden Meditech Holdings Limited, according to a company announcement. Hong Kong-listed Chinese healthcare firm Golden Meditech, which owns approximately 46.3% of China Cord Blood as of March 31, […]

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.

Prices of Chinese homes hit extreme levels on back of easy credit

Prices of Chinese homes hit extreme levels on back of easy credit

Hong Kong-listed China Water Affairs Group has agreed to acquire all shares in Goldtrust Water Holdings Limited held by a fund managed by JP Morgan Asset Management for US$109.7 million, providing a full exit for the investment firm, according to a regulatory filing. JP Morgan's Asian Infrastructure & Related Resources Opportunity Fund invested in Goldtrust […]

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.

Conservative nationalist is first Japanese prime minister to address joint session of Congress

China’s Communist party was never going to let a bunch of street protesters back it into a corner

PLA newspaper condemns barbecue restaurant for ads mocking war hero burnt to death by napalm

Silicon Valley-based medical technology start-up Scanadu Inc. has received US$35 million in series B funding led by Fosun International and Tencent Holdings Limited, according to a company announcement. New investors China Broadband Capital and Singapore's iglobe Partners also participated in the round. Existing investors Relay Ventures, Redmile Group, Ame Cloud Ventures and Three Leaf Ventures, […]

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.

Chinese cloud-based human resource SaaS (software as a service) firm Beisen has completed RMB110 million (US$18 million) series C round of financing led by Matrix Partners and another unnamed investor, according to Chinese media reports. Founded in 2002, Beijing-based Beisen received around US$10 million series B funding from Matrix and Sequoia Capital in 2013, according […]

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.

Yuyue Capital, founded in April this year by former Legend Capital managing director, Liu Erhai, has raised US$200 million for its debut venture fund, according to Chinese media reports. Liu left Legend Capital earlier this year, after spending 12 years in the Beijing-based venture firm. The new fund focuses on making early-stage investments, mostly series […]

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.

Shenzhen-based cloud communication service provider Ucpaas has completed close to RMB100 million (US$16 million) series B round of financing led by Legend Capital, according to a company announcement. Chengwei Ventures also participated in the round. Founded in April 2014, Ucpaas serves over 30,000 registered developers and corporate clients, including Alibaba Group Holdings and Xiaomi Inc. […]

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.

Shenzhen-based news aggregation mobile app maker Xiaozhi has completed RMB200 million (US$32 million) new round of financing from Chinese media and entertainment firm, Enlight Media Group, and China Renaissance, according to Chinese media reports. Founded in 2010, Xiaozhi currently has 70 million mobile app users with daily active users of eight million. The company reportedly […]

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.

Birth weights higher during clear-sky periods

Confronting the Islamic State and stabilizing Iraq, Syria, Libya, and Yemen will require an all-out US diplomatic effort. That means allaying Saudi fears, rebuilding the relationship with Egypt, and, yes, reaching out to Iran – priorities that are based on the realities of the contemporary regional environment.

Confronting the Islamic State and stabilizing Iraq, Syria, Libya, and Yemen will require an all-out US diplomatic effort. That means allaying Saudi fears, rebuilding the relationship with Egypt, and, yes, reaching out to Iran – priorities that are based on the realities of the contemporary regional environment.

PBoC looks at accepting local government bonds as collateral