Nervous investors dumped shares and bonds of Dalian Wanda Group Co. today, as reports of elevated regulatory scrutiny regarding the …
Ele.me, Juewei Launch $30M Fund To Invest In Catering Firms
Juewei Food Co., a Chinese food retailer best known for its marinated duck necks and chicken feet, said it has …
China's Most Secretive Billionaire Reflects On Cost Of Being Low-Key
Wang Wei, chairman and founder of Chinese express delivery firm SF Express, yesterday shared his thoughts on possible missed business …
Chinese Co-Working Space Start-Up Bigger Raises $18M In Series A Round
Bigger, a start-up incubator and co-working space company backed by Chinese real estate developer Modern Land China Co., Ltd., has …
Wanda Cinemas, Tencent To Establish Joint Venture IP Powerhouse
Wanda Cinema Line Corp., the film division of Chinese conglomerate Dalian Wanda Group, has teamed up with Tencent Holdings' gaming, …
China's Largest Online Ticketing Firm Maoyan Plans IPO
Maoyan, China's largest mobile ticketing platform, which is controlled by Beijing-based television and film company Enlight Media, expects to turn …
UC Express Teams Up With GLP To Establish Logistics Fund In Western China
UC Express, a Shanghai-based logistics company, has teamed up with global logistics facilities operator Global Logistic Properties Ltd. and a …
Chinese Retailer Suning Launches Private Internet Bank
Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched Friday, as …
Tencent-Backed Canadian Start-Up Element AI Raises $102 Million
Element AI, a Canadian artificial intelligence company backed by China's Tencent Holdings Ltd., has raised US$102 million in new funding …
Chinese Insurer Anbang's Boss Wu Xiaohui Steps Down, Said Detained By Authorities
High-flying Chinese insurance firm Anbang Insurance Group has announced that Wu Xiaohui (pictured), its chairman and general manager, can no …
CICC Leads $73M Round In Chinese TV Production Firm XG Entertainment
Chinese investment banking group China International Capital Co., Ltd. (CICC) has led a RMB500 million (US$73 million) series B round …
Chinese Phone Maker OPPO Co-Leads $22M Round In EV Sharing Firm Ponycar
Chinese smartphone maker OPPO Electronics Corp. and investment firm Huiyou Capital have led a RMB150 million (US$22 million) funding round …
Ucar Leads $320M Round In Chinese Electric Car Maker Xiaopeng
Ucar Group, a mobile app-based chauffeured car service launched by Chinese car rental company CAR Inc., has led a RMB2.2 …
YY Inc Leads $70M Round In Tinder's China Copycat Tantan
NASDAQ-listed Chinese online social entertainment firm YY Inc. has reportedly led a US$70 million series D round in Tantan, a …
Fosun Leads $14M Round In Chinese Cloud Computing Firm CloudCare
Chinese conglomerate Fosun Group has led a nearly RMB100 million (US$14 million) series C round in CloudCare, a Shanghai-based cloud …
What Does New Cybersecurity Law In China Mean For Companies?
A controversial new cybersecurity law came into force today in China. The law, with important changes to critical data processing …
The Herd Of 102 Chinese Unicorns Reveal Three Waves Of Technology
Looking at China Money Network's China Unicorn Ranking of 102 companies worth a combined US$435 billion, three waves of technology …
Co-Working Space Firms UrWork, 5Lmeet Raise $116M From Beijing Xingpai
Beijing Xingpai Group, a Chinese conglomerate engaged in the sports, real estate and investment businesses, has led a RMB800 million …
Tian Ge Interactive Invests $14M In Chinese Live Streaming Platform Huajiao
Hong Kong-listed Tian Ge Interactive Holdings Ltd., a Hangzhou-based live social video platform, have made a RMB100 million (US$14 million) …
How Will Moody's Downgrade Of China's Sovereign Rating Impact Its Economy?
Moody’s Investors Service downgraded China’s sovereign rating to A1 from Aa3 today, with a stable outlook. The downgrade comes almost …
Will Shared Phone Chargers Be The Next Big Thing In China?
It’s hard to predict which new products will take off and which will flop. The Segway was launched in 2001 …
China Should Follow Saudi Arabia By Setting Up Joint Funds For US Infrastructure Investment
The Public Investment Fund (PIF) of Saudi Arabia teamed up with U.S. private equity giant Blackstone Group yesterday to launch …
Chinese Real Estate Firm Risesun To Invest $82M In Czech Entertainment Complex
Hebei province-based Risesun Real Estate Development Co. has signed an agreement with the government of the South Moravian region of …
Didi Chuxing Obtains Car-Hailing License From Beijing Government
China's largest ride hailing company Didi Chuxing has obtained an official car-hailing license from the Beijing city government, meaning that …
Alibaba Teams Up With Germany's Bosch To Develop Smart Devices
Alibaba Group Holding Ltd has formed a strategic partnership with German industrial manufacturer Bosch Group GmbH to develop interconnected smart …
Wanda Cinema Acquires 1.87% Of Bona Film In Consolidation Push
Wanda Film Holdings, a Chinese movie theater operator controlled by Chinese conglomerate Dalian Wanda Group, has agreed to acquire 1.875% …
Asian Budget Airline AirAsia Expands In China With Henan Province Deal
Malaysia-based Asian budget airline operator AirAsia Berhad has signed a memorandum of understanding with state-owned financial institution China Everbright Group …
China's Outbound Investment To Enter "Ice Age" As Capital Control Continues
China’s outbound direct investment will enter an "ice age" in 2017, due to the country’s continued tight control over capital …
Chinese Tech Firms Must Globalize And Innovate To Compete With US Rivals
Chinese technology companies must innovate on frontier technologies and pursue a globalization strategy in order to compete successfully with U.S. …
Alibaba's Payment Unit Partners With First Data To Expand Alipay In US
Alipay, Alibaba Group's third-party payment service, has teamed up with U.S. payment solutions provider First Data to expand Alipay's reach …
Chinese Airlines Need 3,200 More Aircraft In Next Ten Years
Chinese airlines will need to purchase 3,200 additional aircraft over the next ten years, as the country's international air traffic …