Goldman Sachs has agreed to invest US$37 million in Venus Medtech, a Hangzhou-based healthcare company focused on research and development of heart valves disease related medical products and services, according to a company announcement. At the same time, Venus Medtech says it has jointly established a heart valves research center in Hangzhou with the Second […]

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Lilly Asia Ventures has invested an undisclosed series A round in Beijing-based Millin Enterprises, Inc., a hemodialysis medical device and healthcare services firm, according to a company announcement. Millin Enterprises focuses on research and development of medial devices mainly used for chronic kidney diseases, as well as establishing special hospitals for the treatment of such […]

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Cherubic Ventures, an early stage venture capital firm with a focus on the U.S. and Greater China, is raising a new fund targeted at US$120 million. It has secured US$80 million in confirmed commitments, and is still on the road to raise the remaining portion, according to media reports. Founded in 2010, Cherubic’s previous fund […]

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Speculation that move is attempt to get ahead of US monetary tightening

Alibaba Group Holding Ltd. has invested around RMB3 billion (US$461 million) in Ucar Group, a mobile app-based chauffeured car service firm controlled by Chinese car rental firm Car Inc.'s founder and CEO, Charles Zhengyao Lu, according to Chinese media reports citing a legal document. Alibaba will take a nearly 10% stake in 14-month-old Ucar in […]

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Hony Capital has agreed to sell a US$750 million stake in Australian gas producer Santos to Chinese gas distributor ENN Group, while it plans to buy a US$380 million stake in ENN in a transaction aimed at pushing cross-border expansion between the two companies. China's ENN will become the top shareholder in Santos with a […]

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Recognition Taiping is not just a rock would bring rights to resource-rich but contested waters

The People's Bank of China Governor Zhou Xiaochuan warned over the weekend that high level of corporate debt could be a macroeconomic risk. But the country's loan problem is structural and needs to be examined from different perspectives, says a research report by ANZ AG. The bank estimates that China’s total corporate debt amounted to […]

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Beijing-based technology sector online recruitment platform Lagou has completed RMB220 million (US$34 million) new round of funding led by a Chinese investor, according to Chinese media reports. China Money Network cannot verify the identity of the lead investor. Existing investor Qiming Venture Partners also participated in the round. The round follows a US$25 million series […]

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Chinese entrepreneurship service and media company 36Kr has spun off its KrSpace division, in an attempt to expand the unit into a national co-working space network, according to a company announcement. KrSpace has also completed an independent series A funding round. Financial details were not disclosed. The unit, originally focused on entrepreneur office space and […]

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Su Bin admitted to targeting sensitive military aircraft data from Boeing, Lockheed and others

Chinese Internet video company Letv.com published its annual financial report for 2015, stating that the company's total operating revenue in …