China’s financial hub Shanghai is joining the global tide to promote artificial intelligence by introducing 22 key measures to boost industry’s talent, open data movement and fundraising, according to Shanghai government’s website.
Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group Co. that is widely-known for acquiring American company Ingram Micro, is facing a possible failure in its attempt to take over Chinese e-commerce platform Dangdang Inc.
GaoTeng Global Asset Management Ltd., founded by Chinese internet giant Tencent Holdings Ltd and investment management firm Hillhouse Capital Management Ltd., is planning to start accepting money shortly from retail Chinese investors who have existing assets internationally.
Chinese content aggregator Qutoutiao Inc, which is backed by the country’s technology giant Tencent Holdings Ltd, is seeking to raise US$84 million in an initial public offering (IPO) in the U.S., much less than the US$300 million the company initially planned to raise.
Chinese cryptocurrency exchange platform OKCoin Thursday dismissed rumors that CEO and founder Xu Mingxing is facing charges or investigation for fraudulent practices on its virtual trading platform.
China Renaissance Holdings Ltd., the Chinese investment bank advising some of the most high-profile technology mergers and acquisitions in the country, seeks to raise up to HK$2.96 billion (US$377 million) through a Hong Kong initial public offering.
The Trillion-Dollar Opportunity: Chinese investment in ASEAN – Managing risks and seizing opportunities along the Belt and Road, organized by China Money Network in conjunction with TMF Group, was successfully held on September 13 in Hangzhou, China.
Chinese electric vehicle start-up NIO Inc. officially entered the U.S. stock market with a US$1 billion initial public offering (IPO), becoming the first Chinese electric vehicle firm to go public in America.
Asia’s financial hub Hong Kong is seeking to promote city’s prominence in the world’s fast-evolving fintech industry by acting as a "springboard" to help companies leap forward to broader markets, especially mainland China.
China’s sportswear company Anta Sports Products Limited and private equity firm FountainVest Partners are seeking for a €4.6 billion (US$5.3 billion) takeover of Finnish sports equipment maker Amer Sports Oyj.
China’s e-commerce giant Alibaba Group Holding is setting up a US$2 billion joint venture with Kremlin-backed fund, telecom company MegaFon and billionaire Alisher Usmanov’s internet firm Mail.ru Group to expand its e-commerce business in Russia, according to a joint statement released yesterday.
Hong Kong government has significantly increased policy support to start-ups, as the city continues its effort to turn itself into an innovation-led economy.
Chinese tech giant Tencent Holdings Limited announced yesterday that the company will shut down a popular Texas Hold’Em poker video game in late September, in response to Beijing’s intensifying crackdown on the country’s gaming industry.
Hong Kong LOHO Eyewear Lifestyle LLC., backed by Sequoia Capital China, has secured close to US$100 million in a series C financing round injected by private equity firm Centurium Capital.
There was a bit of confusion regarding Chinese billionaire Jack Ma’s plans to "step down" from Alibaba Group, the company he founded that is now one of the world’s most valuation companies.
Haidilao International Holding Ltd., China’s biggest hot pot restaurant chain, is seeking to raise up to US$963 million in an initial public offering (IPO) in Hong Kong.
Beijing unveiled an Internet court yesterday powered by facial and speech recognition technology to provide more efficient legal services for the city’s fast developing technology space.
China’s cabinet pledged that its sweeping tax reforms will not levy more taxes on venture capital firms in general. Chinese VCs are breathing a sigh of relief, because it was previously feared higher income tax will impact venture partners’ income.
China Money Network recently sat down with Laurence He, Director, Global Business Development for TMF Group, to reflect on the changes he has observed in this market, and where he sees attractive investment opportunities for global investors. CMN: What major trends have you seen in BRI investments lately? Laurence: China’s non-financial outbound direct investment (ODI) saw steady growth in the first half of 2018. Domestic investors made US$57.2bn of non-financial ODI in 3,600 overseas enterprises over 151 countries in the …
Goldman Sachs Investment Partners and Chinese internet giant Tencent Holdings Limited lead a US$450 million financing round in Chinese fresh produce e-commerce platform MissFresh.
Chinese e-commerce platform Yunji Weidian has roped in investment banks for floating its US$1 billion initial public offering (IPO), planned to hit the US market early next year, according to Reuters citing a company insider.
IQiyi Sports, the sports arm of Chinese streaming platform iQiyi Inc., has secured a RMB850 million (US$124 million) series A financing round.
China’s cybersecurity market is expected to reach RMB100 billion (US$14.6 billion) by 2022, nearly tripling from the current RMB35 billion (US$5.1 billion), said a Chinese cybersecurity expert at the China Internet Security Conference (ISC) yesterday.
Hong Kong-based logistics start-up Lalamove will remain independent as the industry consolidates around it. The Uber-for-logistics company’s objective is to strive for an initial public offering on its own sometime soon.
Chinese content video platform Baidu Video has secured US$100 million in series B financing round led by its parent company and the country’s search engine giant Baidu Inc.
China has started developing the first "state-level" civilian passenger airship to lift the country’s aviation industry to a new level, said the Chinese state-owned aerospace and defence conglomerate Aviation Industry Corporation of China, Ltd. (AVIC).
Chinese artificial intelligence (AI) firm LAIX Inc. which operates the online English language learning platform Liulishuo, is planning to hit the US market with an initial public offering size of US$100 million, according to the prospectus.
Chinese venture firm Quan Capital is seeking to raise US$300 million for its second biomedical-focused fund, according to a regulatory filing.
Chinese second-hand car trading platform Hangzhou Dasouche Auto Service Co. announced today that it has secured a US$578 million in a new financing round led by Primavera Capital Group and Morningside Venture Capital.
The city of Chongqing is planning to establish a RMB50 billion (US$7.3 billion) fund to strengthen the local semiconductor industry, according to state-run media outlet Xinhua News Agency.
The arrest and subsequent release of JD.com Inc’s CEO Richard Liu on sexual misconduct in Minnesota in the United States have caused an uproar on the Internet in China with opinions split among deep disbelief to sharp criticism.