Executives at logistics company detained after scores die in Tianjin chemical explosions

PBoC insists it is not seeking a renminbi collapse as it tries to reassure jittery global markets

Key question for companies affected is whether the Chinese currency’s tumble continues

Shanghai-based cancer drug developer Ascentage Pharma Group Corporation has raised US$15.5 million in a new funding round led by Oriza Capital and YuanMing Capital, according to media reports. Ascentage Pharma span off from Ascenta Therapeutics, Inc. in 2009. In January 2015, Chinese biotechnology 3SBio Inc. invested US$3 million in the company to help its research […]

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China-focused hedge funds posted their worst monthly loss since January 2008, losing 8.33% in July, according to data released by industry research firm Eurekahedge. Despite suffering losses during the past few months, China-focused hedge funds are still up 10.84% year-to-date. In comparison, Asia ex-Japan mandated hedge funds returned 9.87% year-to-date, outperforming the MSCI AC Asia […]

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Tencent Holdings Limited has made an undisclosed amount of strategic investment in U.K.-based indoor mapping start-up, Sensewhere Ltd. to boost the Chinese Internet giant's location-based service offerings, according to a company announcement. After the completion of the deal, Tencent will incorporate Sensewhere's software in its own GPS systems and other relevant mobile platforms, including advertising […]

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In this episode of China Money Podcast, guest David Ji, head of research and consultancy of Greater China at property advisory firm Knight Frank talks to our host Nina Xiang about where the Chinese property market is in its current market cycle and how China's ghost cities could be revived. Listen to the full interview […]

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.

Currency move may open Pandora’s box of rampant depreciation, forcing PBoC to resume intervention

At least 13 killed and hundreds injured in Tianjin as shipment of explosives erupts

At least 50 killed and hundreds injured in Tianjin as shipment of explosives erupts