Slowdown in investment and retail sales raises further doubts over GDP growth target
2015-05-13
CLSA Capital Partners, the alternative asset management arm of Asian brokerage firm CLSA, has invested RMB150 million (US$24.5 million) in Chinese diaper maker Coco Healthcare Products Co., Ltd., according to a company announcement. Funds managed by CLSA Capital, namely ARIA Investment Partners IV and ARIA Investment Partners IV, are the first private equity investors in […]
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2015-05-13
Shanghai-based online logistics firm Yunmanman has completed series B round of funding worth several hundred million RMB led by Sequoia Capital, according to Chinese media reports. Existing investor Lightspeed Venture Partners also participated. In December 2014, Yunmanman received US$5 million series A funding from Lightspeed. Yunmanman utilizes its mobile Internet platforms to match logistic flows, […]
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.
2015-05-13
Lenders will be forced to accept lower yields but can obtain liquidity from central bank
2015-05-13
China's Zhejiang provincial government has established an industry fund with RMB20 billion (US$3.2 billion) to push forward innovation, entrepreneurship and improve the province's economic structure, according to an official news article. Around RMB5 billion (US$810 million) will be allocated to the province's economic entrepreneurship investment fund to encourage the development of innovative private enterprises. The […]
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.
2015-05-13
Shanghai Lantern Network Technology Company Ltd., developer of WiFi Master Key, has acquired the international top-level domain name Wifi.com and launched its overseas expansion plan. The domain was previously owned by Chen Donghong, founder of Techan.com. At present, the Wifi.com website is under construction and it already shows the logo of WiFi Master Key. Financial […]
2015-05-13
Chinese B2C e-commerce provider JD.com and Internet tourism website Tuniu.com jointly announced that Tuniu.com has received total new investments of USD500 million, including USD350 million from JD.com. The USD350 million from JD.com will be divided into two parts: USD250 million in cash and USD100 million in resources and operating support. With the investment, JD.com will […]