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Investment

HNA Illegally Raises Funds Through Its Payments Arm, Ex-Employee Says

HNA Illegally Raises Funds Through Its Payments Arm, Ex-Employee Says

Chinese conglomerate HNA Group Co., best known for running Hainan Airlines Co. and reportedly amid a major credit crunch, partook…

Jan 26, 2018
Dou Shicong
JD.com Aims to Cut Costs Through Investment in New Technologies, Founder Says

JD.com Aims to Cut Costs Through Investment in New Technologies, Founder Says

Chinese e-commerce titan JD.com Inc. will continue to invest in technology as it strives to reduce costs in its supply chain, while boosting efficiency and user experience.

Jan 25, 2018
Yanqing & Zhou Ailin
China’s State Mutual Funds Cut Equity Holdings in Q4 to New Low

China’s State Mutual Funds Cut Equity Holdings in Q4 to New Low

Stock holdings among China’s five state-backed mutual funds fell in the fourth quarter of last year to their lowest levels, while the performance of large-cap A-shares continued to rise.

Jan 25, 2018
Xie Danming
Tencent Stalks Alibaba In Retail With Carrefour Investment

Tencent Stalks Alibaba In Retail With Carrefour Investment

Chinese tech giant Tencent Holdings Ltd. and a partner have signed a letter of intent to invest in French supermarket chain Carrefour SA’s China unit.

Jan 24, 2018
Le Yan
SF Express-Backed Package Drop-Off Firm Bags USD323 Million in Funding

SF Express-Backed Package Drop-Off Firm Bags USD323 Million in Funding

Hive Box Technology Co., a provider of smart lockers for courier deliveries, have secured CNY2.07 billion (USD323 million) in a new round of funding, the company said in a press briefing.

Jan 24, 2018
Liao Shumin
BAIC Unit Backs Into Capital Market to Become First China-Listed NEV Maker

BAIC Unit Backs Into Capital Market to Become First China-Listed NEV Maker

Beijing Automotive Industry Holding Co. unit Beijing Electric Vehicle Co. is planning a backdoor listing to become the first new-energy vehicle maker on China’s capital market.

Jan 23, 2018
Wu Ziye
Tech Firm, Energy Blockchain Labs Unit Pool Funds to Back Business Expansion

Tech Firm, Energy Blockchain Labs Unit Pool Funds to Back Business Expansion

Chezhubang Beijing Technology Co. and its Energy Blockchain Labs unit said that they had raised CNY50 million (USD7.8 million) in…

Jan 23, 2018
Xu Wei
Shared Cloud Printing Platform Sinzk Secures USD1.6 Million in A-Round Financing

Shared Cloud Printing Platform Sinzk Secures USD1.6 Million in A-Round Financing

Shared cloud printing platform Sinzk has secured CNY10 million (USD1.6 million) in A-round financing. It will mainly use the funds…

Jan 22, 2018
Tang Shihua
Office Sharing Group naked Hub Expects to Bag USD125 Million or More in Funding Round

Office Sharing Group naked Hub Expects to Bag USD125 Million or More in Funding Round

Office sharing platform operator naked Hub expects to finish its Series-C financing round next month, pooling USD125 million to USD175…

Jan 22, 2018
Jiang Xuan
5th HNA Group Unit Suspends Trading on Poor Liquidity

5th HNA Group Unit Suspends Trading on Poor Liquidity

Another unit of Chinese aviation behemoth HNA Group has suspended trading on the Shenzhen A-share market due to liquidity problems,…

Jan 22, 2018
Dou Shicong
Trump Administration Approves Chinese Takeover of US Firm For First Time

Trump Administration Approves Chinese Takeover of US Firm For First Time

Chinese electronic component manufacturer Naura Technology Group Co. has completed the USD15 million purchase of Akrion Systems LLC, marking the…

Jan 18, 2018
Dou Shicong
Yidiandian Secures USD3 Million to Make Restaurants More Efficient

Yidiandian Secures USD3 Million to Make Restaurants More Efficient

Restaurant management platform Yidiandian has closed CNY20 million (USD3 million) in A-round financing as it looks to upgrade its software-as-a-service systems and research blockchain technology.

Jan 18, 2018
Tang Shihua

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