Beijing-based online and mobile ticketing firm Weiying Technology Co. Ltd. has agreed to merge with peer Gewara in a move aimed at creating a major force in the online ticketing services sector in China, according to confirmation by both companies' financial adviser in the deal, China eCapital Corporation. China's box office revenue reached RMB40 billion […]

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For all the risks, we should celebrate its rise to the world’s second-largest economy

Beijing equates Xinjiang terrorism with Paris massacre

Ping An Haoyisheng, a health and medical mobile app launched by Ping An Insurance Company of China, Ltd., is in the process to raise series A round worth as much as US$400 million, according to Chinese media reports. The start-up is planing to raise between US$300 million to US$400 million based on a valuation between […]

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Speech underlines growing efforts to justify online censorship

Shouqi Limousine & Chauffeur, a taxi-booking app launched by state owned enterprises Shouqi Group and Xianglong Taxi Co., has completed RMB220 million (US$34 million) series A round of financing led by a subsidiary of China Jianyin Investment Ltd., according to Chinese media reports. Officially launched in September, Shouqi Limousine & Chauffeur provides app-based car booking […]

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Longer-run energy product price reforms will weigh on incumbents

Beijing, China, December 16, 2015 /ChinaNewswire.com/ – New World Beijing Hotel has been named “Best Business Hotel” at the Voyage Best Hotel and Resort Value Awards and is included on the Top 50 Must-Stay Hotel List. Voyage is a leader in luxury travel magazines, designed for high-end travellers with a passion for exploring the world. … Continue reading "New World Beijing Hotel Named "Best Business Hotel" By Voyage Magazine"

The cadres running one of China's top banks are seeking a bigger exit, as they just landed a huge investment. Postal Savings Bank of China sold shares to ten strategic investors, with a total financing scale of CNY45.1 billion. The ten investors include six international financial organizations: UBS, JPMorgan, DBS, Canada Pension Plan Investment Board, […]

Heyi Group, formerly known as Youku Tudou Group, and The9 announced that the two parties had signed an agreement to build a joint venture. With the name of "Jiuhe Digital Entertainment Company", the new JV will be engaged in the development, production and distribution of gaming-related cultural entertainment content, including movies, Internet shows, Internet entertainment […]

Shanghai-based O2O (online-to-offline) home cleaning services start-up Yunjiazheng has completed US$12 million series B round of financing led by SIG China, with participation from Blue Run Ventures, according to Chinese media reports. Founded in 2010, Yunjiazheng received US$10 million series A funding from undisclosed investors. The company says it currently has expanded its services to […]

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Hony Capital has held a foundation stone laying ceremony in the Qianhai special economic zone in Shenzhen yesterday, signaling the start of the construction of the Chinese private equity firm's future headquarters, according to Chinese media reports. At the same time, Legend Holdings also plans to establish the headquarter of its financial services arm in […]

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NASDAQ-listed Bona Film Group Ltd. has entered into a definitive agreement with company chairman and a group of investors to take the company private in a deal valuing the Chinese independent film distribution firm at US$1 billion, according to an announcement. Subsidiaries of Alibaba Group Holdings Ltd., Tencent Holdings Ltd. and two other new investors […]

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Andrew Teoh, founding partner of Ameba Capital, tells China Money Podcast host Nina Xiang that the venture capital industry in China is likely to cool down further in 2016, before confidence starts to pick up again. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial […]

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.

Paris accord will not solve global warming but may spur renewable energy funding and hit fossil fuels