The smartphone unit of Chinese technology firm LeTV has raised US$530 million in its first round of financing from undisclosed investors, according to an internal letter sent to staff by the company's founder. The smartphone unit of Leshi Internet Information and Technology released three smartphones, which the company calls super phones, in April. In October, […]

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Restructuring smacks of desperation to bolster profits, not genuine reforms

China’s largest oil group takes step towards creating gas pipeline monopoly

Chinese mobile marketing platform Mobvista Co. Ltd., backed by Midas Capital, Haitong Securities and others, has listed on the National Equities Exchange and Quotations (NEEQ), or China's new third board, says a company announcement. At the same time, Mobvista plans to initiate a new round of fundraising to accelerate growth and monetization without specifying how […]

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Veteran Beijing critic has punishment for leaking state secrets cut in return for her admission of guilt

RRJ Capital and Value Partners Group Limited have led an investor consortium to invest HK$1.55 billion (US$200 million) in Shenzhen-based Logan Property Holdings in a private placement deal, according to a securities filing. The investors subscribed to newly issued shares and acquired existing shares at HK$2.78 apiece of Logan Property, which is listed in Hong […]

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State buyers played crucial role in recovery from summer equities rout

New York Stock Exchange-listed Chinese social networking firm Renren Inc. has led a US$22 million series B round in Shiftgig Inc., a U.S. mobile marketplace for local hourly jobs. Chicago Ventures, DRW Venture Capital, GGV Capital, Garland Capital Group, KGC Capital, Pritzker Group, Wicklow Capital and individuals investors also participated in the round. The new […]

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Link spotted between Beijing’s economic targets and cyber spying