After announcing to launch a blocckchain-based ride hailing app, Kuaidi Dache founder Chen Weixing disclosed on a WeChat post that he and his partner are officially naming the planned app as VV Share Blockchain Platform.
Rocketbots Raises Seed Round To Kick Off New SaaS AI Chatbot Platform
Rocketbots, a Hong Kong-based Artificial Intelligence Chatbot company has recently closed their Seed Round for an undisclosed amount to help kick off it’s newest products to a rapidly-growing market. This round was led by Global Technology Alliance, an angel investment group operated by two renowned serial entrepreneurs from Germany including the former CTO of Scout24 & the founder of Smartcast, and joined by the CEO of Sun Hing Printing. The global chatbot market was valued at USD 190.8 million in …
Naked Hub Debuts Third Hong Kong Location In Kwun Tong
January 20th 2018, Hong Kong – Asia’s leading premium co-working brand, naked Hub, will open a third location in Hong Kong’s up-and-coming Kwun Tong area of East Kowloon. As Kwun Tong district continues to undergo a large-scale revitalization, naked Hub offers larger floor plates to provide businesses and professionals with flexible and city-wide accessible working environments. Partnering with one of Hong Kong’s largest developers, Sun Hung Kai Properties, naked [email protected] Harbour Square in Kwun Tong is a testament to the …
Asia Pacific Real Estate Investment Outlook For 2017
This year has been a year marked by major events such as Brexit and the U.S. presidential election. But the real estate sector remains robust despite some short-term market volatility, says Jones Lang LaSalle Incorporated.
And The Winners Are: MIPIM Asia Awards 2016 Final Ranking Announced
Paris/Hong Kong 1 Dec 2016 – MIPIM Asia, the annual property leaders’ summit in Asia Pacific, announces the final ranking for the 2016 MIPIM Asia Awards. MIPIM Asia Gold, Silver and Bronze winners were unveiled at the MIPIM Asia Awards Gala Dinner, which was held at Grand Hyatt Hong Kong on 30 November, 2016. Setting the benchmark for excellence in the property industry, the MIPIM Asia Awards are known for recognising the best projects in the Asia Pacific region across …
China Emerges As The Biggest Advanced Fintech Market In The World
China is the world’s largest financial technology market, with a market size greater than US$1.8 trillion in 2015. In addition, it is a global leader in every aspect, including market structure and user habit.
Unique Advantages Give Hong Kong A Belt & Road Advantage
30 November 2016 – Organised by the Hong Kong Trade Development Council (HKTDC) and the Federation of Hong Kong Business Associations Worldwide (FHKBAW), the 17th Hong Kong Forum opened yesterday (29 November) and continues through today at the Hong Kong Convention and Exhibition Centre. Yesterday’s seminar “Hong Kong: Your Beacon along the Belt and Road” welcomed three respected industry professionals to analyse Hong Kong’s competitive edge in infrastructure, legal and financial services in relation to the China-led Belt and Road …
America’s Top Unicorn Investor Bill Gross Plots A Future In China
The author is Peter Fuhrman, chairman and founder of China First Capital Few technology entrepreneurs start one unicorn, a tech company with a market valuation of over US$1 billion. Elon Musk has started three. Xiaomi’s Lei Jun two. Bill Gross has started and exited from seven, and has another two in his active portfolio.
GGV Capital’s Jixun Foo: No One Can Challenge Ctrip’s Dominance In China
In this episode of China Money Podcast, guest Jixun Foo, managing partner at GGV Capital, spoke with our host Nina Xiang, on GGV’s new funds, China’s travel and education sector, and why Chinese companies have a better record of avoiding "down rounds."
China Everbright Ltd Completes Buyout Of Albanian Airport Via New Infrastructure Fund
China Everbright Ltd. (CEL) has completed the buyout of Tirana International Airport SHPK, Albania’s only international airport, as the first deal conducted by an infrastructure investment fund the company is currently establishing.
China Aims To Reshape International Monetary System With SDR
On October 1, China’s RMB was included in the Special Drawing Right (SDR), an international reserve asset created by the International Monetary Fund in 1969, seven years after Chinese central bank governor Zhou Xiaochuan initially voiced the idea to an unenthusiastic global audience.
Aier Eye Hospital Invests $30M In Qihoo 360 Ahead Of Potential Back-Door A-Share Listing
Shenzhen-listed Aier Eye Hospital Group Co., Ltd. has agreed to invest US$30 million in Qihoo 360 Technology Co. Ltd. to capitalize on a potential A-share listing of the privatized Internet company at a much higher valuation.
Dr. Doom Marc Faber Makes Long And Short Bets On The World’s Gloomy Future
In this episode of China Money Podcast, returning guest Dr. Marc Faber, renowned investor and publisher of The Gloom, Boom & Doom Report, speaks with our host Nina Xiang. Dr. Faber played a game of Long & Short, where he spelled out his view on central banks, currencies and commodities, among other items.
China’s Growing Property Bubble Will Not Pop Yet
The recent surge of property prices and sales in China has triggered bubble talk and concerns over one of the most important pillars of the Chinese economy, but UBS AG says there is unlikely to be a big bubble burst in the near future.
Stock Connect May Lead To Mainland Investors Taking Up 25% Of Hong Kong Market Turnover In 2019
The stock connect program allowing Chinese and Hong Kong investors to participate in each others’ stock markets is likely to see RMB160 billion worth of southbound inflows to Hong Kong in 2017, UBS AG says in a research report.
Virtual And Augmented Reality Market Will Reach $150B In 2022
The year of 2020 will be the tipping point for virtual reality (VR), augmented reality (AR) and mixed reality (MR) to capture two thirds of consumers’ leisure time, while the industry will reach US$150 billion by 2022, according to a report issued by BofA Merrill Lynch Global Research.
Huayi Brothers Acquires 20% Of Sequoia-Backed eSports Firm Hero Entertainment For $288M
China’s Huayi Brothers has invested RMB1.9 billion (US$288 million) for a 20% stake in Hero Entertainment, an eSports company backed Sequoia Capital and others.
Smart Economy in Full Swing in China
China Daily Forum – "Defining the Digital Era" China’s Smart Economy SEP 13, 2016, Hong Kong – China Daily Asia Leadership Roundtable held a special forum themed “Defining the Digital Era: China’s Smart Economy” on Tuesday, Sep 13, 2016 at the Asia Society Hong Kong Center. Dean Xiang Bing, Founding Dean, Professor of China Business and Globalization, Cheung Kong Graduate School of Business, delivered the keynote speech at the forum, co-organized with the Asia Society Hong Kong Center. Four experts …
Chinese Economy Picks Up Strongly In August As Macro Picture Remains Stable
Growth momentum in China picked up strongly following the flood-induced weakness in July. The combination of post-disaster reconstruction and a continuous flow of fiscal stimulus has supported domestic activity, while exports also improved on the back of new tech-product launch.
Wang Lihong: Bain Capital Is Eyeing Restaurant Turnaround Deals In China
In this episode of China Money Podcast, guest Wang Lihong, a managing director at Bain Capital, spoke to our host Nina Xiang on the firm’s education investments in China, where the future of online education lies, and potential deals in the Chinese restaurant sector.
Can Chinese Property Developers Make A Score With European Football Club Bets?
Chinese investors, including property developers, have spent over US$1 billion in the past two years on European football clubs, reaping dividends from instant global branding and recognition.
Sam Zell’s Equity International Raises $205M In First Asian Fund To Back e-Shang Redwood Projects
Equity International, Sam Zell’s investment firm focused on emerging markets, has reached a final closing of an Asian fund with US$205 million in commitments to invest in Asian logistics real estate projects developed by e-Shang Redwood, says a company announcement.
China May Roll Out Another Round Of Policy Easing As Meetings Signal Change Of Mood
Premier Li Keqiang led a State Council meeting and sent out a clear signal of another round of policy easing for the second time this year, says a research report by Gao Hua Economics Research.
After Shrugging Off Shenzhen-HK Connect, Chinese Stocks May Be Headed Higher
The approval of the Shenzhen–Hong Kong (SZ-HK) Connect by China’s State Council came with a muted market response, which could overshadow what is likely a more favorable outlook for Chinese equities, the economy and investor risk appetite.
Tencent-Backed STX Entertainment To Buy VR Content Producer Surreal
STX Entertainment, a Hollywood film studio and distributor with backings from private equity investors and Tencent Holdings Ltd., is expanding into virtual reality (VR) with the acquisition of U.S. VR content producer, Surreal.
China’s Growing Debt Problems And How To Solve Them
There are many precedents of financial systems experiencing significant asset deterioration following sustained periods of above-trend credit growth.
Gain Access To Japan’s Untapped Wealth At Global AgInvesting Asia
NEW YORK, 16 August 2016 – Global AgInvesting Asia will open the door to connecting with some of the largest pension funds in the world and provide access to the most powerful players in the Japanese investing sector as it brings its premier event to Tokyo this year, 13-15 September at the Hilton Tokyo Odaiba.
Register For China-Israel Investment Summit To Meet Top Investors, Government Officials And Entrepreneurs 30,000 Feet Up In The Air
Do Business meetings take place solely on the ground? Are planes just a transportation tool? For the first time, flights and business encounters will be perfectly combined by breaking a conventional mindset and creating a flying summit between China and Israel. It will be a unique experience to attend the trip and a great opportunity to learn about the recent technological innovative trends. Passengers who join the flying summit will have a vivid experience of breakthroughs in the fields of …
CVC Capital Eyes $1.1B Take-Private Of Nirvana Asia
CVC Capital Partners has offered to buy out Nirvana Asia Ltd., Asia’s largest funeral-services provider by revenue, for US$1.1 billion, says a company announcement.
Herry Han: Doctors Are The Key To Success For Mobile Health Start-Ups In China
In this episode of China Money Podcast, guest Herry Han, partner at Lightspeed China Partners, spoke with our host Nina Xiang, on making early-stage investments in China’s media and mobile healthcare sector.
LendIt and AMTD Group Co-Host the First Global Fintech Investment Summit in Hong Kong
New York and Hong Kong, July 4, 2016 — LendIt, the world’s most influential Fintech event, and AMTD Group Company Limited, the leading diversified financial services group based in Hong Kong with broad business coverage and network across Asia, jointly announced today that LendIt China and AMTD Group will co-host the first Global Fintech Investment Summit in Hong Kong on July 13. LendIt China and AMTD will become the premier conduit to connect leading international Fintech companies with Asian investors. …