LATEST UPDATES

NEEQ-Listed Chinese Flower Retailer Says It Faked Revenues

NEEQ-Listed Chinese Flower Retailer Says It Faked Revenues

By Staff Writer | 29 April 2016 — 15:57 HKT

Amor Flora, a Chinese online flower ordering and delivery firm listed on China's New Third Board today, revealed in its prospectus that it had faked orders and revenues over the past two years, in a rare public acknowledgement of a practice known to be prevalent among Chinese companies. From 2013 to July 2015, Amor Flora […]

Continue Reading

Xiaomi Backs Four Tech Unicorns, Plans To Slow Down Investments

Xiaomi Backs Four Tech Unicorns, Plans To Slow Down Investments

By Jillian Yue | 29 April 2016 — 13:04 HKT

Chinese smartphone maker Xiaomi Inc. has invested 55 companies during the past two years, four of which are tech unicorns, or start-ups with a valuation of over US$1 billion.

Continue Reading

Cathay Capital, Nokia Growth Partners Lead $35M Round In European Car Rental Firm Drivy

Cathay Capital, Nokia Growth Partners Lead $35M Round In European Car Rental Firm Drivy

By Staff Writer | 29 April 2016 — 12:01 HKT

Cathay Capital Private Equity and Nokia Growth Partners have led a US$35 million investment round in Drivy, Europe’s largest car rental marketplace with 850,000 users across France, Germany and Spain, says a company announcement.

Continue Reading

Hangzhou Liaison To Invest $20M In Dehaier Medical

Hangzhou Liaison To Invest $20M In Dehaier Medical

By Jillian Yue | 29 April 2016 — 10:18 HKT

Shenzhen-listed Hangzhou Liaison Interactive Information Technology Co. Ltd. has agreed to invest US$20 million in Dehaier Medical Systems Ltd., a NASDAQ-listed medical devices and wearable sleep respiratory products maker in China, according to a company announcement.

Continue Reading

How To Read The Latest Policy Signal From President Xi Jinping

How To Read The Latest Policy Signal From President Xi Jinping

By Jillian Yue | 28 April 2016 — 18:25 HKT

During President Xi Jinping’s inspection tour to Anhui province this week, his speech signaled that the Chinese government is concerned about the fragile recovery and strong stimulus will have to continue in the months ahead, according to a research report by Mizuho Securities Asia Ltd.

Continue Reading

Tsinghua Unigroup's $1.7B Deal To Acquire SPIL Terminated

Tsinghua Unigroup's $1.7B Deal To Acquire SPIL Terminated

By Staff Writer | 28 April 2016 — 17:22 HKT

China’s state-owned Tsinghua Unigroup Ltd.'s plan to buy a 24.9% stake in Silicon Precision Industries (SPIL) for RMB11.1 billion (US$1.7 billion) has been terminated by the Taiwanese chip maker, according to an announcement.

Continue Reading

Tencent-Backed MissFresh Raises $36M In Series B+ Round

Tencent-Backed MissFresh Raises $36M In Series B+ Round

By Li Dongmei | 28 April 2016 — 13:48 HKT

Beijing-based fresh produce e-commerce mobile app MissFresh has reportedly raised RMB230 million (US$36 million) series B+ round of financing led by a Chinese investment firm, according to Chinese media reports.

Continue Reading

Cheetah Mobile To Invest $50M In Deep Learning, Artificial Intelligence

Cheetah Mobile To Invest $50M In Deep Learning, Artificial Intelligence

By Jillian Yue | 28 April 2016 — 13:35 HKT

Beijing-based mobile Internet company Cheetah Mobile says it will invest US$50 million into deep learning and artificial intelligence research and development with its chief executive Fu Sheng personally investing in the venture, according to a company announcement.

Continue Reading

Valuation Gap Benefits Southbound Investors In Shenzhen-HK Stock Connect

Valuation Gap Benefits Southbound Investors In Shenzhen-HK Stock Connect

By Li Dongmei | 28 April 2016 — 13:23 HKT

Officials of the Chinese Government have recently indicated that the Shenzhen-Hong Kong Stock Connect program will open in 2016, offering new access to 505 stocks in Shenzhen and an additional 218 stocks in Hong Kong.

Continue Reading

Hong Kong Commercial Real Estate Expected To Continue Decline

Hong Kong Commercial Real Estate Expected To Continue Decline

By Jillian Yue | 28 April 2016 — 13:16 HKT

Hong Kong's commercial real estate sector is to continue grim conditions over the next year, with pessimism concentrated in the retail sector, according to a research report released by Royal Institution of Chartered Surveyors (RICS).

Continue Reading

Chinese Outbound Real Estate Investment To Expand Into New Destinations

Chinese Outbound Real Estate Investment To Expand Into New Destinations

By Jillian Yue | 28 April 2016 — 09:04 HKT

As China's domestic market uncertainties persist, Chinese outbound real estate investment continued to grow strongly in 2015. By the end of 2015, the total Chinese outbound capital has reached nearly US$30 billion, doubling that of 2014, according to global property consultancy Knight Frank.

Continue Reading

Temasek Announces Reorganizations And Senior Appointments

Temasek Announces Reorganizations And Senior Appointments

By Jillian Yue | 28 April 2016 — 08:16 HKT

Singapore's Temasek Holdings has announced an organization structure reorganization, aimed at aligning the firm with its core priorities at a challenging global investment environment, according to an announcement.

Continue Reading

IDG, GSR Invests $25M In China's Zero Zero Robotics

IDG, GSR Invests $25M In China's Zero Zero Robotics

By Li Dongmei | 27 April 2016 — 18:26 HKT

Chinese flying smart robotics start-up Zero Zero Robotics has raised US$25 million in total funding from IDG Capital Partners, GSR Ventures, Zhen Fund and others, according to a company announcement.

Continue Reading

Taiwan's HTC To Launch $100M VR Accelerator Program

Taiwan's HTC To Launch $100M VR Accelerator Program

By Jillian Yue | 27 April 2016 — 18:10 HKT

Taiwanese smartphone and tablet maker HTC Corporation says it is launching Vive X, a global accelerator program targeted at start-ups operating in the virtual reality (VR) space, according to a company announcement.

Continue Reading

China's IPV Capital and Tsing Capital Lead $26M Round In RayVio Corp

China's IPV Capital and Tsing Capital Lead $26M Round In RayVio Corp

By Li Dongmei | 27 April 2016 — 17:58 HKT

U.S. health and hygiene company RayVio Corp has completed a new funding round of US$26 million led by IPV Capital and China's Tsing Capital, the company announced in a statement.

Continue Reading

Tencent's Weiying Completes $694M Series C+ Venture Round

Tencent's Weiying Completes $694M Series C+ Venture Round

By Jillian Yue | 27 April 2016 — 13:27 HKT

Shenzhen-listed Chinese online gaming firm Dalian Zeus Entertainment Co., Ltd. has led a RMB4.5 billion (US$694 million) series C+ round in Weiying Technology Co. Ltd., the operator of movie ticket booking mobile app Wepiao, according to Chinese media reports.

Continue Reading

Puji Capital, Jupai Invests In Wanda Pictures

Puji Capital, Jupai Invests In Wanda Pictures

By Jillian Yue | 27 April 2016 — 08:05 HKT

Puji Capital and third-party wealth management service provider Jupai Holdings Ltd. has invested an undisclosed amount in Wanda Pictures, which includes Dalian Wanda Group's media business including global and domestic film and TV production, financing, and distribution, according to an announcement.

Continue Reading

Alibaba's Ant Financial Announces $4.5B Series B Fundraising

Alibaba's Ant Financial Announces $4.5B Series B Fundraising

By Nina Xiang | 26 April 2016 — 16:32 HKT

Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, has completed raising US$4.5 billion in a series B round of financing in one of the largest fundraising deals by an Internet company globally, according to a company announcement reported by China's state media.

Continue Reading