China Money Network https://www.chinamoneynetwork.com Daily News on China's Venture Capital, Private Equity and Institutional Investment Industry Fri, 28 Apr 2017 22:30:53 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.4 https://www.chinamoneynetwork.com/wp-content/uploads/cropped-chinamoneynetwork-siteicon-512x5122-32x32.png China Money Network https://www.chinamoneynetwork.com 32 32 Didi Announce $5.5B Round To Support Global Expansion, AI Investments https://www.chinamoneynetwork.com/2017/04/28/didi-announce-5-5b-round-to-support-global-expansion-ai-investments https://www.chinamoneynetwork.com/2017/04/28/didi-announce-5-5b-round-to-support-global-expansion-ai-investments#respond Fri, 28 Apr 2017 08:59:47 +0000 https://www.chinamoneynetwork.com/?p=66781 Chinese largest ride sharing company Didi Chuxing announced today that it had closed a new financing round of over US$5.5 …


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Meituan-Dianping Joins $23M Round In Netease's Pig Farm Weiyang https://www.chinamoneynetwork.com/2017/04/28/meituan-dianping-joins-23m-round-in-neteases-pig-farm-weiyang https://www.chinamoneynetwork.com/2017/04/28/meituan-dianping-joins-23m-round-in-neteases-pig-farm-weiyang#respond Fri, 28 Apr 2017 08:45:01 +0000 https://www.chinamoneynetwork.com/?p=66768 China's largest local on-demand service platform Meituan-Dianping has joined Sinovation Ventures and JD.com Inc. to lead a RMB160 million (US$23 …


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Alibaba Nets $1 Billion Via Momo Share Sale In Ultra-Lucrative Exit https://www.chinamoneynetwork.com/2017/04/28/alibaba-nets-1-billion-via-momo-share-sale-in-ultra-lucrative-exit https://www.chinamoneynetwork.com/2017/04/28/alibaba-nets-1-billion-via-momo-share-sale-in-ultra-lucrative-exit#respond Fri, 28 Apr 2017 06:01:06 +0000 https://www.chinamoneynetwork.com/?p=66717 Chinese e-commerce giant Alibaba Group has netted at least US$1 billion in proceeds by selling most of its shares of …


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Trade Between China And One Belt One Road Countries Up 26.2% In Q1 https://www.chinamoneynetwork.com/2017/04/28/trading-between-china-and-one-belt-one-road-countries-up-26-2-in-q1 https://www.chinamoneynetwork.com/2017/04/28/trading-between-china-and-one-belt-one-road-countries-up-26-2-in-q1#respond Fri, 28 Apr 2017 05:56:30 +0000 https://www.chinamoneynetwork.com/?p=66706 Bilateral trade between China and countries included in the One Belt One Road Initiatives grew 26.2% year-on-year, reaching RMB1.6 trillion …


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China's iQiyi Reaches Content Licensing Deal With Netflix https://www.chinamoneynetwork.com/2017/04/28/chinas-iqiyi-reaches-content-licensing-deal-with-netfilix https://www.chinamoneynetwork.com/2017/04/28/chinas-iqiyi-reaches-content-licensing-deal-with-netfilix#respond Fri, 28 Apr 2017 05:42:11 +0000 https://www.chinamoneynetwork.com/?p=66732 Chinese Internet and mobile video service provider iQiyi, controlled by Baidu Inc., has reached a content licensing agreement with U.S. …


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Xiaomi Wins In India As Smartphone Shipments Quadruple In Q1 https://www.chinamoneynetwork.com/2017/04/28/xiaomi-wins-in-india-as-smartphone-shipments-quadruple-in-q1 https://www.chinamoneynetwork.com/2017/04/28/xiaomi-wins-in-india-as-smartphone-shipments-quadruple-in-q1#respond Fri, 28 Apr 2017 04:36:09 +0000 https://www.chinamoneynetwork.com/?p=66684 Chinese smartphone marker Xiaomi Inc. is gaining market share in India, shipping a total of four million units to that …


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Leshi Shareholder Bridge Capital Dumps 60M Shares As LeEco Crisis Continues https://www.chinamoneynetwork.com/2017/04/28/leshi-shareholder-bridge-capital-dumps-60m-shares-as-leeco-crisis-continues https://www.chinamoneynetwork.com/2017/04/28/leshi-shareholder-bridge-capital-dumps-60m-shares-as-leeco-crisis-continues#respond Fri, 28 Apr 2017 04:14:10 +0000 https://www.chinamoneynetwork.com/?p=66693 China Bridge Capital, a Beijing-based investment firm with RMB4.8 billion (US$690 million) under management, continues to dump shares of Leshi …


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Baidu Appoints CFO Jennifer Li As Head Of Baidu Capital https://www.chinamoneynetwork.com/2017/04/28/baidu-appoints-cfo-jennifer-li-as-head-of-baidu-capital https://www.chinamoneynetwork.com/2017/04/28/baidu-appoints-cfo-jennifer-li-as-head-of-baidu-capital#respond Fri, 28 Apr 2017 03:30:52 +0000 https://www.chinamoneynetwork.com/?p=66673 Baidu Inc. has appointed Jennifer Li (pictured), the Internet giant's chief financial officer, as the chief executive officer of Baidu …


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What Lies Behind China's HNA Group’s $40 Billion M&A Buying Spree? https://www.chinamoneynetwork.com/2017/04/28/what-lies-behind-chinas-hna-groups-40-billion-ma-buying-spree https://www.chinamoneynetwork.com/2017/04/28/what-lies-behind-chinas-hna-groups-40-billion-ma-buying-spree#respond Fri, 28 Apr 2017 01:07:06 +0000 https://www.chinamoneynetwork.com/?p=66343 Hainan-based HNA Group’s founder and chairman Chen Feng gave an interview to China Entrepreneur magazine in 2008 in which he …


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China's Didi Chuxing Rumored To Raise $6B Round At $50B Valuation https://www.chinamoneynetwork.com/2017/04/27/chinas-didi-chuxing-rumored-to-raise-6b-round-at-50b-valuation https://www.chinamoneynetwork.com/2017/04/27/chinas-didi-chuxing-rumored-to-raise-6b-round-at-50b-valuation#respond Thu, 27 Apr 2017 15:22:34 +0000 https://www.chinamoneynetwork.com/?p=66647 Chinese largest ride sharing company Didi Chuxing is close to raise a new funding round worth between US$5 billion to …


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China's Fixed-line Broadband Penetration Rate To Hit 63% This Year https://www.chinamoneynetwork.com/2017/04/27/chinas-fixed-line-broadband-penetration-rate-to-hit-63-this-year https://www.chinamoneynetwork.com/2017/04/27/chinas-fixed-line-broadband-penetration-rate-to-hit-63-this-year#respond Thu, 27 Apr 2017 07:40:32 +0000 https://www.chinamoneynetwork.com/?p=66622 China’s fixed-line broadband and mobile broadband penetration rate is expected to reach 63% and 75% respectively by the end of …


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Alibaba's Yu'eBao Becomes First Chinese Fund Management Firm With Over RMB1 Trillion In Assets https://www.chinamoneynetwork.com/2017/04/27/alibabas-yuebao-becomes-first-chinese-fund-management-firm-with-over-rmb1-trillion-in-assets https://www.chinamoneynetwork.com/2017/04/27/alibabas-yuebao-becomes-first-chinese-fund-management-firm-with-over-rmb1-trillion-in-assets#respond Thu, 27 Apr 2017 04:20:33 +0000 https://www.chinamoneynetwork.com/?p=66627 The operators of Yu’eBao, a fund management service for individual investors owned by Alibaba Group's Alipay, has become the first …


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Huawei Reclaims Title Of China's Largest Smartphone Maker In Q1 https://www.chinamoneynetwork.com/2017/04/27/huawei-reclaims-title-of-chinas-largest-smartphone-maker-in-q1 https://www.chinamoneynetwork.com/2017/04/27/huawei-reclaims-title-of-chinas-largest-smartphone-maker-in-q1#respond Thu, 27 Apr 2017 03:33:48 +0000 https://www.chinamoneynetwork.com/?p=66619 Chinese technology giant Huawei Technologies Co. has overtaken Guangdong Oppo Mobile Communications Co. to reclaim the title of China’s best-selling …


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Anbang Chief Wu Xiaohui Interviewed By State Newspaper Despite Rumors Of Detention https://www.chinamoneynetwork.com/2017/04/27/anbang-chief-wu-xiaohui-interviewed-by-state-newspaper-despite-rumors-of-detention https://www.chinamoneynetwork.com/2017/04/27/anbang-chief-wu-xiaohui-interviewed-by-state-newspaper-despite-rumors-of-detention#respond Thu, 27 Apr 2017 03:13:57 +0000 https://www.chinamoneynetwork.com/?p=66612 The mystery over the status of Wu Xiaohui, chairman of Chinese insurance firm Anbang Insurance Group, deepened today as the …


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China's HNA Group Acquires 16.79% Of Swiss Duty Free Shop Operator Dufry https://www.chinamoneynetwork.com/2017/04/27/chinas-hna-group-acquires-16-79-of-swiss-duty-free-shop-operator-dufry https://www.chinamoneynetwork.com/2017/04/27/chinas-hna-group-acquires-16-79-of-swiss-duty-free-shop-operator-dufry#respond Thu, 27 Apr 2017 03:07:49 +0000 https://www.chinamoneynetwork.com/?p=66601 China's HNA Group has struck again, acquiring a 16.79% stake in Dufry AG, a Swiss airport duty free shop operator. …


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Anbang Chief Wu Xiaohui Rumored To Be Detained For Illegal Loans https://www.chinamoneynetwork.com/2017/04/27/anbang-chief-wu-xiaohui-rumored-to-be-detained-for-illegal-loans https://www.chinamoneynetwork.com/2017/04/27/anbang-chief-wu-xiaohui-rumored-to-be-detained-for-illegal-loans#respond Thu, 27 Apr 2017 00:27:24 +0000 https://www.chinamoneynetwork.com/?p=66591 Chairman of Chinese insurance firm Anbang Insurance Group, Wu Xiaohui, who was the husband of the granddaughter of Deng Xiaoping, …


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Chinese Co-Working Space Firms UrWork, New Space To Merge https://www.chinamoneynetwork.com/2017/04/26/chinese-co-working-space-firms-urwork-new-space-to-merge https://www.chinamoneynetwork.com/2017/04/26/chinese-co-working-space-firms-urwork-new-space-to-merge#respond Wed, 26 Apr 2017 11:08:54 +0000 https://www.chinamoneynetwork.com/?p=66565 Chinese co-working space company Urwork has agreed to merge with peer New Space, a Beijing-based incubator and co-working space firm. …


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Venture, PE Deals In China's Mobile Internet Sector Nearly Doubled During Q1 https://www.chinamoneynetwork.com/2017/04/26/venture-pe-deals-in-chinas-mobile-internet-sector-nearly-doubled-during-q1 https://www.chinamoneynetwork.com/2017/04/26/venture-pe-deals-in-chinas-mobile-internet-sector-nearly-doubled-during-q1#respond Wed, 26 Apr 2017 07:54:15 +0000 https://www.chinamoneynetwork.com/?p=66556 Venture capital and private equity investments in China's mobile Internet sector staged a significant rebound during the first quarter, with …


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Is There A Bubble In China's AI Sector? Investors Disagree https://www.chinamoneynetwork.com/2017/04/26/is-there-a-bubble-in-chinas-ai-sector-investors-disagree https://www.chinamoneynetwork.com/2017/04/26/is-there-a-bubble-in-chinas-ai-sector-investors-disagree#respond Wed, 26 Apr 2017 05:38:44 +0000 https://www.chinamoneynetwork.com/?p=65940 The year 2016 has been called the dawn of the artificial intelligence (AI) age. In China alone, there were 202 …


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China Launches First Self-Made Aircraft Carrier In Dalian https://www.chinamoneynetwork.com/2017/04/26/china-launches-first-self-made-aircraft-carrier-in-dalian https://www.chinamoneynetwork.com/2017/04/26/china-launches-first-self-made-aircraft-carrier-in-dalian#respond Wed, 26 Apr 2017 05:34:31 +0000 https://www.chinamoneynetwork.com/?p=66527 China has launched its first aircraft carrier built entirely on its own, in a demonstration of the growing technical sophistication …


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Tencent Cloud To Open Five Overseas Data Centers This Year https://www.chinamoneynetwork.com/2017/04/26/tencent-cloud-to-open-five-overseas-data-centers-this-year https://www.chinamoneynetwork.com/2017/04/26/tencent-cloud-to-open-five-overseas-data-centers-this-year#respond Wed, 26 Apr 2017 05:21:23 +0000 https://www.chinamoneynetwork.com/?p=66512 Tencent Holdings Ltd.'s cloud computing arm plans to open five overseas data centers this year to cater to its expanding …


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Nokia, Xiaomi Join $14M Round In Chinese Fitness Mobile App Yuedongquan https://www.chinamoneynetwork.com/2017/04/26/nokia-xiaomi-join-14m-round-in-chinese-fitness-mobile-app-yuedongquan https://www.chinamoneynetwork.com/2017/04/26/nokia-xiaomi-join-14m-round-in-chinese-fitness-mobile-app-yuedongquan#respond Wed, 26 Apr 2017 04:23:44 +0000 https://www.chinamoneynetwork.com/?p=66456 Nokia Growth Partners, an early-stage investment unit of Finnish mobile maker Nokia Corp, has led a RMB100 million (US$14 million) …


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Banyan Capital Leads Round In Chinese Education App Lizhiweike https://www.chinamoneynetwork.com/2017/04/26/banyan-capital-leads-round-in-chinese-education-app-lizhiweike https://www.chinamoneynetwork.com/2017/04/26/banyan-capital-leads-round-in-chinese-education-app-lizhiweike#respond Wed, 26 Apr 2017 04:20:24 +0000 https://www.chinamoneynetwork.com/?p=66479 Banyan Capital, a Chinese venture capital firm focused on investment in early-stage telecom, media and technology start-ups, has led a …


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Chinese Scientists Plan Submarine Vacuum Rail Twice As Fast As Hyperloop https://www.chinamoneynetwork.com/2017/04/26/chinese-scientists-plan-submarine-vacuum-rail-twice-as-fast-as-hyperloop https://www.chinamoneynetwork.com/2017/04/26/chinese-scientists-plan-submarine-vacuum-rail-twice-as-fast-as-hyperloop#respond Wed, 26 Apr 2017 04:12:15 +0000 https://www.chinamoneynetwork.com/?p=66466 Several Chinese scientists have proposed a submarine vacuum rail project that runs at a theoretical speed of 2,000 kilometers per …


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China Eyes Two Million New Energy Vehicles In Annual Production By 2020 https://www.chinamoneynetwork.com/2017/04/26/china-eyes-two-million-new-energy-vehicles-in-annual-production-by-2020 https://www.chinamoneynetwork.com/2017/04/26/china-eyes-two-million-new-energy-vehicles-in-annual-production-by-2020#respond Wed, 26 Apr 2017 03:21:55 +0000 https://www.chinamoneynetwork.com/?p=66458 China aims to achieve annual production and sales of two million new energy vehicles by 2020, as the country ramps …


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China In Talks To Build International Village On Moon https://www.chinamoneynetwork.com/2017/04/26/china-in-talks-to-build-international-village-on-moon https://www.chinamoneynetwork.com/2017/04/26/china-in-talks-to-build-international-village-on-moon#respond Wed, 26 Apr 2017 03:07:20 +0000 https://www.chinamoneynetwork.com/?p=66441 China is in talks with several other nations and space agencies, most notably the European Space Agency, about building an …


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Alibaba To Host Summit In Detroit To Help US Businesses Sell To China https://www.chinamoneynetwork.com/2017/04/26/alibaba-to-host-summit-in-detroit-to-help-us-businesses-sell-to-china https://www.chinamoneynetwork.com/2017/04/26/alibaba-to-host-summit-in-detroit-to-help-us-businesses-sell-to-china#respond Wed, 26 Apr 2017 01:38:34 +0000 https://www.chinamoneynetwork.com/?p=66505 Chinese e-commerce giant Alibaba Group Holding Ltd. plans to host a two-day conference in Detroit on June 20 and 21 …


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CPPIB, Baring To Take International School Operator Nord Anglia Education Private https://www.chinamoneynetwork.com/2017/04/25/cppib-baring-to-take-international-school-operator-nord-anglia-education-private https://www.chinamoneynetwork.com/2017/04/25/cppib-baring-to-take-international-school-operator-nord-anglia-education-private#respond Tue, 25 Apr 2017 14:51:57 +0000 https://www.chinamoneynetwork.com/?p=66408 Canada Pension Plan Investment Board (CPPIB) and funds affiliated with Baring Private Equity Asia have agreed to acquire and privatize …


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Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco https://www.chinamoneynetwork.com/2017/04/25/aston-martine-suspends-ev-partnership-with-struggling-chinese-tech-firm-leeco https://www.chinamoneynetwork.com/2017/04/25/aston-martine-suspends-ev-partnership-with-struggling-chinese-tech-firm-leeco#respond Tue, 25 Apr 2017 07:52:37 +0000 https://www.chinamoneynetwork.com/?p=66321 Aston Martin Lagonda Ltd, a British luxury sports car manufacturer, has suspended a previously announced partnership with struggling Chinese tech …


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CITIC Guoan Partners With Transformers Producer Tom DeSanto To Invest $120M In China-US Movie Project https://www.chinamoneynetwork.com/2017/04/25/citic-guoan-partners-with-transformer-producer-tom-desanto-to-invest-120m-in-china-us-movie-project https://www.chinamoneynetwork.com/2017/04/25/citic-guoan-partners-with-transformer-producer-tom-desanto-to-invest-120m-in-china-us-movie-project#respond Tue, 25 Apr 2017 07:30:51 +0000 https://www.chinamoneynetwork.com/?p=66332 Chinese investment holding company CITIC Guoan Group is the latest Chinese investor getting into the show business, as a unit …


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Chinese Bike Renting Unicorn Mobike Says It Records 20 Million Rides Daily https://www.chinamoneynetwork.com/2017/04/25/chinese-bike-renting-unicorn-mobike-says-it-records-20-million-rides-daily https://www.chinamoneynetwork.com/2017/04/25/chinese-bike-renting-unicorn-mobike-says-it-records-20-million-rides-daily#respond Tue, 25 Apr 2017 06:55:14 +0000 https://www.chinamoneynetwork.com/?p=66322 Chinese bike renting unicorn Mobike said today that it is now recording an average of over 20 million rides every …


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Tsing Capital Joins $18M Round In IoT Sensor Device and Network Technology Firm Senoro https://www.chinamoneynetwork.com/2017/04/25/tsing-capital-joins-18m-round-in-iot-sensor-device-and-network-technology-firm-senoro https://www.chinamoneynetwork.com/2017/04/25/tsing-capital-joins-18m-round-in-iot-sensor-device-and-network-technology-firm-senoro#respond Tue, 25 Apr 2017 05:17:48 +0000 https://www.chinamoneynetwork.com/?p=66300 Chinese cleantech venture capital firm Tsing Capital, Germany-based Robert Bosch Venture Capital GmbH. and Japanese Sumitomo Corp have led a …


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China's eSports Industry Revenue Reached $7B Last Year https://www.chinamoneynetwork.com/2017/04/25/chinas-esports-industry-revenue-reached-7b-last-year https://www.chinamoneynetwork.com/2017/04/25/chinas-esports-industry-revenue-reached-7b-last-year#respond Tue, 25 Apr 2017 04:40:40 +0000 https://www.chinamoneynetwork.com/?p=66278 China's electronic sports (eSports), or competitive video games, industry generated RMB50.4 million (US$7 billion) in revenue in 2016, up 34.7% …


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Oriza Seed Leads $25M Round In Chinese Healthcare Company EpimAb Biotherapeutics https://www.chinamoneynetwork.com/2017/04/25/oriza-seed-leads-25m-round-in-chinese-healthcare-company-epimab-biotherapeutics https://www.chinamoneynetwork.com/2017/04/25/oriza-seed-leads-25m-round-in-chinese-healthcare-company-epimab-biotherapeutics#respond Tue, 25 Apr 2017 04:00:41 +0000 https://www.chinamoneynetwork.com/?p=66274 Oriza Seed Venture Capital, an early stage investment unit under Oriza Holdings, has led a US$25 million series A round …


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China's YI Capital Closes Debut RMB Fund At $116M https://www.chinamoneynetwork.com/2017/04/24/chinas-yi-capital-closes-debut-rmb-fund-at-116m https://www.chinamoneynetwork.com/2017/04/24/chinas-yi-capital-closes-debut-rmb-fund-at-116m#respond Mon, 24 Apr 2017 07:44:52 +0000 https://www.chinamoneynetwork.com/?p=66266 Beijing-based venture capital firm YI Capital has completed the final closing of its maiden RMB fund at RMB800 million (US$116 …


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China Mobile Seeks To Acquire 61% Stake of Singaporean Telecom Firm M1 https://www.chinamoneynetwork.com/2017/04/24/china-mobile-seeks-to-acquire-61-stake-of-singaporean-telecom-firm-m1 https://www.chinamoneynetwork.com/2017/04/24/china-mobile-seeks-to-acquire-61-stake-of-singaporean-telecom-firm-m1#respond Mon, 24 Apr 2017 05:58:10 +0000 https://www.chinamoneynetwork.com/?p=66250 China Mobile is among a number of potential buyers seeking to acquire a combines 61% stake of Singapore based mobile …


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Check Out The Coolest Tech Company Headquarters In China https://www.chinamoneynetwork.com/2017/04/24/check-out-the-coolest-tech-company-headquarters-in-china https://www.chinamoneynetwork.com/2017/04/24/check-out-the-coolest-tech-company-headquarters-in-china#respond Mon, 24 Apr 2017 05:20:37 +0000 https://www.chinamoneynetwork.com/?p=65533 The rise of China's technological prowess is reflected in the size of its tech companies: Tencent is among the world's …


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Fortune Capital Leads $14M Round In Chinese VR Headset Maker Shadow Creator https://www.chinamoneynetwork.com/2017/04/24/fortune-capital-leads-14m-round-in-chinese-vr-headset-maker-shadow-creator https://www.chinamoneynetwork.com/2017/04/24/fortune-capital-leads-14m-round-in-chinese-vr-headset-maker-shadow-creator#respond Mon, 24 Apr 2017 04:43:29 +0000 https://www.chinamoneynetwork.com/?p=66216 Fortune Capital has led a reported RMB100 million (US$14 million) series A round in Shadow Creator, a Shanghai-based visual reality …


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Matrix Joins $14.5M Series A Round In China Microsatellite Start-Up Tianyi Research Institute https://www.chinamoneynetwork.com/2017/04/24/matrix-joins-14-5m-series-a-round-in-china-microsatellite-start-up-tianyi-research-institute https://www.chinamoneynetwork.com/2017/04/24/matrix-joins-14-5m-series-a-round-in-china-microsatellite-start-up-tianyi-research-institute#respond Mon, 24 Apr 2017 04:38:50 +0000 https://www.chinamoneynetwork.com/?p=66249 Venture firm Matrix Partners China has joined a RMB100 million (US$14.5 million) series A financing round in TianYi Research Institute, …


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Alisports Partners With Asian Olympic Council To Bring eSports To 2022 Games https://www.chinamoneynetwork.com/2017/04/24/alisports-partners-with-asian-olympic-council-to-bring-esports-to-2022-games https://www.chinamoneynetwork.com/2017/04/24/alisports-partners-with-asian-olympic-council-to-bring-esports-to-2022-games#respond Mon, 24 Apr 2017 01:52:10 +0000 https://www.chinamoneynetwork.com/?p=66208 Alisports Group, the sports affiliate of Alibaba Group Holding Ltd., has announced a strategic partnership with the Olympic Council of …


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Ant Financial Makes Strategic Investment In Bike Sharing Firm Ofo https://www.chinamoneynetwork.com/2017/04/22/ant-financial-makes-strategic-investment-in-bike-sharing-firm-ofo https://www.chinamoneynetwork.com/2017/04/22/ant-financial-makes-strategic-investment-in-bike-sharing-firm-ofo#respond Sat, 22 Apr 2017 15:23:33 +0000 https://www.chinamoneynetwork.com/?p=66190 Ant Financial, the financial services affiliate of Alibaba Group Holding Ltd., has made a strategic investment in Chinese bike sharing …


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AGIC Capital Acquires European Medical Laser Maker Fotona https://www.chinamoneynetwork.com/2017/04/21/agic-capital-acquires-european-medical-laser-maker-fotona https://www.chinamoneynetwork.com/2017/04/21/agic-capital-acquires-european-medical-laser-maker-fotona#respond Fri, 21 Apr 2017 08:41:02 +0000 https://www.chinamoneynetwork.com/?p=66099 AGIC Capital, an Asia-Europe cross-border growth equity firm founded by former Deutsche Bank executive Henry Cai, has acquired Fotona, a …


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Chinese Yuan Assets Held By Foreign Central Banks Up 13% https://www.chinamoneynetwork.com/2017/04/21/chinese-yuan-assets-held-by-foreign-central-banks-up-13 https://www.chinamoneynetwork.com/2017/04/21/chinese-yuan-assets-held-by-foreign-central-banks-up-13#respond Fri, 21 Apr 2017 08:27:52 +0000 https://www.chinamoneynetwork.com/?p=66045 Foreign central banks held a total of RMB563.5 billion (US$81.1 billion) Yuan-denominated assets by the end of last year, up …


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LeEco's CFO Wu Lei To Leave Amid Prolonged Crisis https://www.chinamoneynetwork.com/2017/04/21/leecos-cfo-wu-lei-to-leave-the-company https://www.chinamoneynetwork.com/2017/04/21/leecos-cfo-wu-lei-to-leave-the-company#respond Fri, 21 Apr 2017 07:30:37 +0000 https://www.chinamoneynetwork.com/?p=66031 Wu Hui (pictured), chief financial officer at LeEco, has reportedly left the company without disclosing the reason, as the Chinese …


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Source Code Closes Third U.S. Dollar Fund At $260M Hard Cap https://www.chinamoneynetwork.com/2017/04/21/source-code-closes-third-u-s-dollar-fund-at-260m-hard-cap https://www.chinamoneynetwork.com/2017/04/21/source-code-closes-third-u-s-dollar-fund-at-260m-hard-cap#respond Fri, 21 Apr 2017 04:57:05 +0000 https://www.chinamoneynetwork.com/?p=66023 Chinese early stage venture capital firm Source Code Capital has announced the final close of its third U.S. dollar fund …


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DT Capital-Backed Pharma Firm Kanghui Completes IPO In Shanghai https://www.chinamoneynetwork.com/2017/04/21/dt-capital-backed-pharma-company-kanghui-completes-listing-on-shanghai-exchange https://www.chinamoneynetwork.com/2017/04/21/dt-capital-backed-pharma-company-kanghui-completes-listing-on-shanghai-exchange#respond Fri, 21 Apr 2017 03:52:33 +0000 https://www.chinamoneynetwork.com/?p=66016 DT Capital Parnters-backed Shaanxi Kanghui Pharmaceutical Co., Ltd., which engages in the research, development and marketing of a range of …


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Founding Team Of LeEco's Yidao Yongche Resign As Internal Strife Escalates https://www.chinamoneynetwork.com/2017/04/21/founding-team-of-leecos-yidao-yongche-resign-as-internal-strife-escalates https://www.chinamoneynetwork.com/2017/04/21/founding-team-of-leecos-yidao-yongche-resign-as-internal-strife-escalates#respond Fri, 21 Apr 2017 02:31:43 +0000 https://www.chinamoneynetwork.com/?p=65999 The founding team of LeEco-controlled chauffeured car service provider Yidao Yongche have resigned en masse, as internal strife between LeEco …


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Source Code Hires Former Kingsoft's CEO Zhang Hongjiang As Partner https://www.chinamoneynetwork.com/2017/04/21/source-code-hires-former-kingsofts-ceo-zhang-hongjiang-as-partner https://www.chinamoneynetwork.com/2017/04/21/source-code-hires-former-kingsofts-ceo-zhang-hongjiang-as-partner#respond Fri, 21 Apr 2017 02:19:23 +0000 https://www.chinamoneynetwork.com/?p=65998 Chinese venture firm Source Code Capital has hired Zhang Hongjiang (pictured), formerly CEO of Chinese software company Kingsoft and chief …


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Nine Of World's Top Ten Cities With Fastest Home Price Hikes Are In China https://www.chinamoneynetwork.com/2017/04/20/nine-of-worlds-top-ten-cities-with-fastest-home-price-hikes-are-in-china https://www.chinamoneynetwork.com/2017/04/20/nine-of-worlds-top-ten-cities-with-fastest-home-price-hikes-are-in-china#respond Thu, 20 Apr 2017 04:23:48 +0000 https://www.chinamoneynetwork.com/?p=65930 China accounted for nine of the ten cities worldwide with the fastest annual home price increases, with Nanjing topping the …


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Sailing Capital Leads $60M Round In Chinese AI Firm SenseTime https://www.chinamoneynetwork.com/2017/04/20/sailing-capital-leads-60m-round-in-chinese-ai-firm-sensetime https://www.chinamoneynetwork.com/2017/04/20/sailing-capital-leads-60m-round-in-chinese-ai-firm-sensetime#respond Thu, 20 Apr 2017 04:19:03 +0000 https://www.chinamoneynetwork.com/?p=65917 Sailing Capital International (Shanghai) Co., Ltd., a RMB-denominated investment and loan fund created under the support of the Shanghai Municipal …


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