China's Xiaomi has lost a key executive Chen Tong (pictured), an ex-editor in chief of Sina.com hired by the smartphone maker two years ago to help revamp its content platform.
Shanghai-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has priced its initial public offering to complete a total offering size of approximately US$1.4 billion, in the biggest IPO in the U.S. this year.
Gan & Lee Pharmaceuticals, a Chinese bio-pharmaceutical company backed by Qiming Venture Partners and other investors, is seeking a domestic IPO to raise RMB1.5 billion (US$221 million) two years after its first attempt failed.
During the last two years until September 2016, seven new countries are now using the RMB for more than 10% of their direct payments by value with China and Hong Kong, bringing the total to 57 countries worldwide, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Ant Financial Services Group, a financial services affiliate of Alibaba Group Holding Ltd., is rumored to be in discussion with Beijing Guoan Football Club to take a 40% stake in the Chinese Super League participant.
China's Advantech Capital Partners Ltd. has led a US$65 million series B funding round in a two-year-old Chinese robotic start-up Rokid at a US$450 million valuation.
In a short span of 13 months, over US$300 million in venture funding has been raised to support co-working space projects in China, as over half a dozen start-ups are vying to cater to growing demand for more flexible and collaborative work environment.
Another Chinese drone maker just got venture funding. Chinese social network Renren Inc has co-led a RMB72 million (US$11 million) series B funding round in Simtoo, a Shenzhen-based portable drone maker.
Chinese asset manager Harvest Global Investments and retail giant Intime Commercial (Group) Ltd. has invested a combined US$84 million in a series C+ round in U51.com, a credit card and online financial services mobile app.
BlueRun Ventures has raised a U.S. dollar and a RMB-denominated fund totaling US$500 million to make early stage investments from angel to series A round in Chinese start-ups, the firm announced today.
China has a shot at playing a leading role in the worldwide race to build connected cars, because Chinese consumers are young and keen to adopt advanced smart technologies, says a report released by PricewaterhouseCoopers.
Hong Kong-based movie studio Shaw Brothers Holdings Ltd. has appointed Li Ruigang (pictured), founder of CMC Capital, as chairman and non-executive director to deepen cooperation with mainland film and entertainment industries.
LeEco founder and chief executive Jia Yueting must have had a tough two weeks. Last week, LeEco could not show its anticipated electric smart car for its U.S. debut because the truck carrying "the car of the future" got into an accident while driving to the press conference.
Chinese wealth management firm Noah Holdings Ltd said Sequoia Capital China has agreed to make a RMB348 million (US$51.7 million) strategic investment in Noah's asset management subsidiary, Gopher Asset Management Co., Ltd.
Intel Capital has invested US$38 million in 12 technology start-ups globally, including two in China: a smart city developer Eazytec and a wi-fi front-end devices firm Grand Chip Microelectronics.
JD Finance has led a US$30 million strategic investment in Shanghai-based human resources and IT outsourcing services start-up Microseer, the company announced in Beijing today.
Chinese online education firm iTutorGroup, backed by Alibaba Group Holding Ltd. and other venture investors, has appointed Tang Zhengrong as its chief technology officer (CTO), responsible for developing and leading technology tactics for the start-up.
Singapore-listed property firm CapitaLand Ltd. has raised US$1.5 billion for its third private property investment vehicle to back integrated development projects under its Raffles City brand in gateway cities in China, the company announced today.