Investment

(UPDATE) Tencent-Backed Q&A Platform Hits USD2.4 Billion Valuation

(UPDATE) Tencent-Backed Q&A Platform Hits USD2.4 Billion Valuation

Tencent-backed Zhihu has bagged new financing valuing the online question-and-answer community at USD2.4 billion, according to estimates from online news outlet 36Kr.

Aug 9, 2018
Liao Shumin & Liu Jing
Number of China's New Firms Grew 13% in Six Months on Service Sector Traction

Number of China's New Firms Grew 13% in Six Months on Service Sector Traction

The number of China's newly set up firms rose in the first half of the year on residents' accelerated entrepreneurial interest, particularly toward the sector of services. 

Aug 8, 2018
Liu Jing & Liao Shumin
After World's Largest IPO in Two Years, China Tower Stock Stays Flat on Debut

After World's Largest IPO in Two Years, China Tower Stock Stays Flat on Debut

After World's Largest IPO in Two Years, China Tower Stock Stays Flat on Debut. China Tower, the world's largest wireless…

Aug 8, 2018
Liu Jing
First China-EU Fund Bags USD696 Million in Maiden Round

First China-EU Fund Bags USD696 Million in Maiden Round

The first fund backed by the European Investment Fund and Silk Road Fund closed EUR600 million (USD696 million) in its…

Aug 8, 2018
Xu Wei
Gofer UU Runner Fetches USD29 Million in B-Round; Total Tops USD58 Million

Gofer UU Runner Fetches USD29 Million in B-Round; Total Tops USD58 Million

Gofer UU Runner Fetches USD29 Million in B-Round; Total Tops USD58 Million. City-wide errand boy UU Runner has pooled CNY200 million (USD29 million)…

Aug 7, 2018
Liu Jing & Liao Shumin
China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds

China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds

China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds. China's southwestern province of Yunnan will issue…

Aug 7, 2018
Liu Jing & Liao Shumin
China's State-Owned Railway Maker Boosts Asset Estimates to USD118 Billion This Year

China's State-Owned Railway Maker Boosts Asset Estimates to USD118 Billion This Year

China's State-Owned Railway Maker Boosts Asset Estimates to USD118 This Year. China's state-owned railway giant China Railway Corp.'s tangible assets…

Aug 7, 2018
Xu Wei
Heineken Toasts China Partnership With 40% Stake in Snow Beer Owner

Heineken Toasts China Partnership With 40% Stake in Snow Beer Owner

Heineken Toasts China Partnership With 40% Stake in Snow Beer Owner

Aug 3, 2018
Xu Wei
Shanghai Venture Capitalists Plan to Splurge USD7.3 Billion in New ‘Fund Town’

Shanghai Venture Capitalists Plan to Splurge USD7.3 Billion in New ‘Fund Town’

Shanghai has opened its first ‘fund town’ with a batch of companies looking to shell out a combined CNY50 billion (USD7.3 billion) opting to settle in the area.

Jul 31, 2018
Liu Jing & Liao Shumin
Chinese Investors' Mania for European Soccer Clubs Fades as Cultural Mismatch Dampens Spirits

Chinese Investors' Mania for European Soccer Clubs Fades as Cultural Mismatch Dampens Spirits

Chinese Investors' Mania for European Soccer Clubs Fades as Cultural Mismatch Dampens Spirits. Chinese investors' craze to buy European football…

Jul 31, 2018
Chen Han
Meitu Leads USD50 Million Funding in Plastic Surgery Community App

Meitu Leads USD50 Million Funding in Plastic Surgery Community App

Meitu, the developer of China’s leading selfie app, has led the latest round of financing in the country’s largest community app for the consumer medical sector.

Jul 30, 2018
Liu Jing & Liao Shumin
Chinese Firms Win Bid to Build Fourth Cross-Panama Bridge to Ease Trade Logistics

Chinese Firms Win Bid to Build Fourth Cross-Panama Bridge to Ease Trade Logistics

A group of two Chinese firms have won the tender to construct a bridge over the Panama Canal, which is the largest single bridge tender awarded to Chinese companies in the Americas.

Jul 30, 2018
Xu Wei

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