In this episode of China Money Podcast, guest and Chinese law blogger Stan Abrams discusses: – What is VIE and why do investors use them in China? – Alibaba Group’s transfer of key asset without consent of shareholders including Yahoo: Is this a wake-up call for investors? – What should investor do post the Alibaba-Yahoo dispute: Can risks be managed? – Tudou Holdings’ pre-IPO nightmare: What lessons should investor learn? – Finally, is there a way to get around VIE? …
In this episode of China Money Podcast, Gary Rieschel, founder of Qiming Venture Partners, shares his thoughts on the Chinese economy, the technological evolutions of the Chinese Internet sector and why he is confident that Qiming will be well within the top quartile performers among China’s venture capital firms. Founded in 2006, Qiming Venture is one of the most successful venture capital firms in China, having invested in and successfully listed companies including Jiayuan, ChinaCache and Touchmedia. Qiming recently closed …
In this episode of China Money Podcast, co-founder of Amalfi Capital, Tristen Langley, talks with our host, Nina Xiang, on Alibaba Group’s US$586 million acquisition of an 18% stake of Sina’s Weibo, her investment firm’s winning and losing bets, and the future challenges facing China’s e-commerce industry. Listen to the full-interview in the audio podcast, watch the shortened video version or read an excerpt below.
Hong Kong-based private equity firm Boyu Capital is planning to raise its second fund during the second half of this year with a target size of US$1.5 billion, according to media reports. The firm’s first fund of US$1 billion closed in 2011 with backings from top-notch investors such as Temasek Holdings and Asia’s riches man, Li Ka-shing.
In this edition of China Money Network, Tian X. Hou, founder and CEO of T.H. Capital, shares her thoughts on why Qihoo’s stock is just starting a major bull run, why Sina is undervalued and what Baidu should do to advance forward in a mobile world. Listen to the full interview in the audio podcast, watch an abbreviated video version or read an excerpt below. Q: How will China’s economic slowdown impact Chinese overseas listed Internet stocks? A: Not that …
Kingsoft Corp‘s subsidiary Kingsoft Cloud announced that the company has obtained US$20 million series A funding from Russian entrepreneur and venture capitalist Yuri Milner, according to local Chinese media.
China’s e-commerce market is expected to overshadow that of the United States this year to become the world’s largest, according to a report released by Bain & Company.
Chinese travel and tour services site, Tuniu.com, says the company has secured US$60 million in series D funding.
Alibaba Group has agreed to buy Kanbox, a Chinese cloud storage service provider backed by SIG Asia Investment and DCM. The value of the deal was not disclosed.
California-based mobile app search engine Quixey says it has closed series C financing of US$50 million led by Alibaba Group.
Suzhou-based travel B2B platform Ba Zhua Yu Online, or Octopus, says the company has received RMB150 million ($25 million) series A funding from Vision Knight Capital and SB China Capital (SBCVC).
Beijing-based mobile app analytical platform Umeng says the company has been acquired by Alibaba Group. Umeng will continue to operate as an independent entity after the acquisition.
Beijing-based mobile antivirus product LBE Security Master has received tens of millions U.S. dollar investment from Alibaba, according to Chinese media reports.
Chinese open-ended money market funds’ assets under management jumped almost 50% in the last quarter of 2013 to reach an all-time high of RMB737 billion ($123 billion), according to data released by Fitch Ratings.
Hong Kong-based private equity firm Boyu Capital has completed fundraising for its second fund, raising a total of US$1.5 billion, according to media reports.
Hangzhou-based Chinese e-commerce giant Alibaba Group has acquired 54% in Chinese pharmaceutical data firm CITIC 21CN for around HK$1.3 billion (US$170 million), according to a security filing.
Hangzhou-based Chinese e-commerce company Alibaba Group says it has established a U.S. investment arm focused on investing in entrepreneurial teams working on innovative platforms, products and ideas with a focus on Internet commerce and emerging technologies, according to a company announcement.
Hangzhou-based Chinese e-commerce company the Alibaba Group has invested US$15 million in series C funding in U.S. luxury e-commerce firm 1stdibs, according to media reports.
Hangzhou, Zhejiang province-based Chinese e-commerce giant Alibaba Group has offered to buy out the 72% shares it doesn’t already own in NASDAQ-listed digital mapping and navigation firm AutoNavi Holdings Limited for US$1.1 billion, according to a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).
Guangzhou-based Chinese clothing brand Inman Apparel has raised tens of millions U.S. dollars in series A funding from IDG Capital and Alibaba Group, according to Chinese media reports.
Shanghai-based Chinese video game company Giant Interactive Group is selling its stake in Alibaba Group Holdings to New York-based investment firm Tiger Global Management LLC for around US$199 million, according to a company announcement.
Shanghai-based online education platform and English-language learning institution TutorGroup has raised US$100 million in series B funding, according to an announcement made by the company’s official Weibo account.
Beijing-based online education platform 17zuoye.com has complete US$20 million series C round of financing from Tiger Management and DST, according to Chinese media reports.
Shanghai-based digital advertising solution provider Avazu Inc. has raised US$48 million in series A financing, according to Chinese media reports. Gaorong Capital led the round. An undisclosed U.S.-based Internet-focused private equity fund and a group of unnamed Internet companies also participated.
Shanghai-based online education platform and English-language learning institution TutorGroup has received strategic investment from SBI Group, according to media reports.
Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement.
Beijing-based O2O (online-to-offline) outbound travel service provider Byecity.com has received US$20 million series B round of funding from Alibaba Group and China Broadband Capital (CBC), according to Chinese media reports.
Shanghai-based private equity firm Yunfeng Capital is raising around US$1 billion for its second fund, according to media reports.
Hangzhou-based Chinese e-commerce company Alibaba Group has invested US$215 million in U.S. video messaging service provider Tango, according to media reports.
The author is ANZ greater China chief economist Liu Li-Gang China’s Internet financial products have developed rapidly in the last couple of years, propelled by the rapid developments in e-commerce and interest rate liberalization. Concerns are also rising that these potentially risky Internet financial products are not regulated and could drive up the costs of fund. Chinese commercial banks also complained that these Internet financial products fall into a grey area of financial regulations, increase the volatility of bank deposits, …