Property, casualty and motor sectors braced for big claims following chemicals warehouse blast

Companies are worried about squeezing profit from slowing economy

Shanghai-based online event venue booking platform HotelGG.com has completed US$20 million series B funding from existing investors Matrix Partners, Chengwei Capital, SIG Asia Investments, according to Chinese media reports. Established in 2012, HotelGG.com says it has 100,000 registered enterprise users booking event venues via its mobile apps and website. Its current monthly orders are over […]

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Investors rush to cash out following wobbly recovery in recent weeks

Shenzhen-based rollable display developer Royole Corporation has completed RMB1.1 billion (US$172 million) series C round of financing, according to Chinese media reports. Investors in the round include IDG Capital Partners, Shenzhen Capital Group, Shenzhen Green Pine Capital Partners, AlphaWealth, Jack and Fisher Investment, as well as other undisclosed investors. Founded in 2013, Royole Corporation develops […]

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Warburg Pincus' former head of China and North Asia, Chang Sun, has lunched a private equity firm and is currently seeking to raise US$1 billion to invest in agriculture businesses in China, according to media reports. A representative at Warburg Pincus confirmed that Sun is no longer a managing partner at the firm, but said […]

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Loans from nearly 50 financial institutions are at risk from collapse of Hebei guarantee company

The recruitment website 51job.com recently acquired two companies Yingjiesheng.com and Beijing Zhiding Youyuan Management Consulting Co., Ltd. for a combined sum of CNY268.7 million. 51job.com revealed that they invested CNY250 million in the acquisition of Yingjiesheng.com, which is also a recruitment website. Headquartered in Shanghai, Yingjiesheng.com was launched in 2007. The company mainly offers full-time […]