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2017 In Review: China’s Top 10 Outbound Deals Reflect Beijing Crackdown On “Unsound” Investment

Seven of China’s ten biggest outbound M&A deals of 2017 were in the logistics, energy and mining sectors, reflecting Beijing’s year-long crackdown on what is considers “unsound” overseas investments. This marks a sea change from 2016, when eight of the ten biggest cross-border M&A deals were in the technology, entertainment and tourism sectors.

2017 In Review: China’s 30 Largest Venture Capital Deals

For China venture capitalists, 2017 was a big deal year. While overall VC activity kept the robust pace of a record 2016, the year of 2017 witnessed a large number of record-setting mega deals that defined the growth trajectory of China’s tech sector and made headlines worldwide.

Chinese EV Sharing Platform PonyCar Raises $37M Series C Round

A Chinese electric vehicle sharing start-up PonyCar has raised RMB250 million (US$37 million) in a series C round led by Zhihe Chuxing. This is the third financing round completed by the 13-month-old company, which has raised RMB550 million (US$83 million) in total since its founding last October.

Entrepreneurs, Companies Drawn To Naked Hub’s Co-Working Space Offerings In Hong Kong

Entrepreneurs, start-ups and companies are drawn to the flexible, vibrant and energizing atmosphere at naked Hub co-working space in Hong Kong, the newest and hippest shared work place in the metropolitan. “Hubbers”, what naked Hub calls its tenants, found the work environment that comes with bright yellow bean bags and unlimited free beer an ideal place for networking, business cooperation at affordable prices.

RYB’s Child Abuse Scandal Reflects Poor Diligence By Top Investors Including Hillhouse, Greenwoods

The child abuse scandal at RYB Education Inc. (NYSE:RYB) reduced its stock price by nearly 40% last week, just three months after the company’s New York Stock Exchange IPO. The collapse has cost the company’s top ten institutional investors, including China’s largest private equity fund Hillhouse Capital and well-known investment management firm Greenwoods Asset Management, a combined US$52 million on paper. But the losses might have been avoided if investors had taken into account some inherent weaknesses in RYB’s business …

Chinese Artificial Intelligence Robot Passes National Medical Exam For First Time

An artificial intelligence enabled robot has passed the written test of China’s national medical licensing examination for the first time, marking another milestone in the quest for AI technology to match or surpass human intelligence. Named Xiaoyi, the robot developed by Tsinghua University and Chinese information technology firm iFlytek, achieved a score of 456, 96 points higher than the required mark of 360 points, according to a company announcement.

From Drone Hackers to Cyber Bodyguards, China Cyber Security a Growing Concern

China Money Network’s Special Situations Team brings you the latest installment in our “Industry Specialist” series, sitting down with Bill Sims, a Managing Director for Cybersecurity, Investigations & Business Intelligence Asia Pacific Stroz Friedberg to discuss the current cybersecurity challenges facing Chinese companies and foreign investors in the country. China is home to the world’s largest group of Internet users. However, the country is behind the curve in terms of cybersecurity. The number of cyber attacks on Chinese and Hong …

Alibaba Invests $2.9B In China Hypermarket Chain Sun Art In New Retail Push

Chinese Internet retail giant Alibaba Group Holding Limited has formed a strategic alliance with French retailer Auchan Retail S.A. and Ruentex Group to pursue new opportunities in China’s food retail sector. As part of the strategic alliance, Alibaba will invest a total of HK$22.4 billion (US$2.88 billion) to obtain an aggregate 36.16% stake in Sun Art Retail Group Ltd., a Chinese hypermarket operator listed on the Hong Kong Stock Exchange. Alibaba is buying the stake from from Ruentex, for around …

Volkswagen To Invest $12B To Launch 40 EV Models In China By 2025

Automotive manufacturer Volkswagen AG has said it will invest over US$12 billion by 2020 with its Chinese partners to launch as many as 40 new electric and hybrid vehicle models in China by 2025. The first of the new models could enter the Chinese market as early as next year, Jochem Heizmann, the head of Volkswagen China, told reporters yesterday. The investment is part of Volkswagen’s broader electric vehicle plans. Two months ago, the company said it aims to invest …