Shanghai-based online travel agency Travelzen has raised RMB600 million (US$92 million) series C funding round from Chinese investors and plans to exit via an initial public offering on domestic exchanges, according to a company announcement (in Chinese). Addor Capital, NewMargin Ventures, a fund affiliated with Everbright Securities and other investors whose identities can't be verified. […]

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China's contracted sales of residential properties grew by 20% and 23% year-on-year in January and February 2016, respectively, as a result of strong demand from tier one and some tier two cities fueled by credit easing, lower down-payments and tax cuts. Forty-seven out of the 70 major cities reported new-home price increases in February 2016, […]

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CMC Capital Partners and FountainVest Partners have agreed to extend the lock-up period of their shareholdings in IMAX China Holding. Inc., in exchange to sell 20 million shares before the expiration date of their previously agreed lock-up, according to a company announcement. "We were pleased to hear about this agreement because we believe that it […]

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Shanghai, China, March 23, 2016 /ChinaNewswire.com/ – Governed by Shanghai Municipal Commission of Economy and Informatization and organized by UBM China, Cloud Connect China 2016, the fourth edition of the event, will take place on 20-22 September 2016 at Shanghai International Convention Center. Composed of technical workshops, keynote speech, conference tracks and an expo, Cloud … Continue reading "Cloud Connect China 2016 Returns To Bring Together Leaders In Cloud Computing"

Unsafe doses distributed across China in trade that continued for years

Shanghai YTO Express (Logistics) Co., Ltd., backed by Alibaba Group Holdings and Yunfeng Capital, is moving closer to an A-share listing through a reverse merger with Chinese garment maker Dalian Dayang Trands Co., Ltd. In a securities filing, Dalian Dayang Trands agreed to buy YTO Express for RMB17.5 billion (US$2.7 billion) through an asset swap […]

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Bangkok, Thailand, March 23, 2016 /ChinaNewswire.com/ – AccorHotels and Avista Resort and Spa Patong Company Limited have signed an agreement for AccorHotels to manage three properties in Phuket. Two resorts will be rebranded as Novotel Phuket Kata Avista Resort and Spa and Avista Hidewaway Phuket Patong, MGallery by Sofitel on April 1, while another newly-built … Continue reading "AccorHotels continues expansion in Southern Thailand with three hotels"

Hong Kong, March 23, 2016 /ChinaNewswire.com/ – MGF Asia, taking place April 12th-13th at the 5-star Mira Hotel, will be launching the first ever 'The Venture Den', a no nonsense pitching session where the brightest and best independent and smaller studios will be presenting before a panel of world class investors and publishers with a … Continue reading "New MGF Pitching Session 'The Venture Den' Brings Together A Panel Of Investors With A Total of US$131M Ready To Invest In Mobile Games"

Sino-Europe private equity firm Cathay Capital Private Equity has completed an investment in Chinese SaaS (software as a service) recruitment platform Ifchange, according to a company announcement. Deal terms were not disclosed. The firm invested through the Cathay Innovation Fund, a venture investment vehicle focused on supporting digital entrepreneurs in China. Previously, Cathay Capital has […]

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China's insurance regulator is likely to reject Anbang Insurance Group's proposed US$13 billion deal to acquire U.S. hospitality giant Starwood Hotels and Resorts Worldwide Inc., says Caixin Media citing sources close to the China Insurance Regulatory Commission. The regulator has a clearly disapproving attitude, because completing the deal may mean that the insurer is going […]

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LinkedIn, the U.S.-based social network for working professionals, announced that the company has signed a strategic cooperation agreement with Chinese …

The Asian Infrastructure Investment Bank has made a wise move