In his State of the Union address to the US Congress in 2002, President George W. Bush famously described Iraq, Iran, and North Korea as an “axis of evil.” In the years since, however, America has not treated each in the same way – and the differences are highly instructive.
2015-08-04
Beijing-based online used car marketplace RenRenChe.com has completed US$85 million series C financing led by Tencent Holdings Limited, according to an announcement posted on the company's Weibi account. Existing investors Lei Jun, who is the founder of Chinese smartphone maker Xiaomi Inc, as well as Ceyuan Ventures, Shunwei Capital, and Redpoint Ventures also participated in […]
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.
2015-08-04
Chinese Internet giant Tencent Holdings Limited has proposed to take NASDAQ-listed online travel service provider eLong Inc. private by acquiring all outstanding shares of eLong not already own by Tencent, according to a company announcement. Tencent plans to acquire eLong's shares at US$18 per American Depository Share (ADS) in cash, which represents a premium of […]
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.
2015-08-04
Beijing-based short-term vacation home rental platform Tujia.com has completed US$300 million series D and D+ rounds led by All-Stars Investment Limited, according to a statement posted on the company's Weibo account. China Money Network previously reported in March that Tujia.com, which runs an online platform similar to Airbnb Inc., was in the process to complete […]
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.
2015-08-04
Shanghai-based healthcare technology and smart device firm Kyee has completed RMB221 million (US$36 million) series C round of financing led by Beijing-based Sensegain Investment, according to Chinese media reports. SoftBank China Venture Capital (SBCVC) and HighLight Capital also participated. Founded in 2004, Kyee previously received RMB55 million series A funding from SBCVC in 2012. It […]
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.
2015-08-04
Luxury retailer Burberry recently upgraded its Chinese e-commerce inventory system to accomodate online and offline inventory sharing. Burberry's offline store employees will be equipped with iPads. If the products demanded by customers are out-of-stoc…