China’s National Audit Office has found three major financial institutions illegally provided loans to unqualified industries and local governments, failing to put in place proper risk management and controls, according to its official website. (more&…
Legend Capital Co-Leads $154M Round In Chinese Music Entertainment Firm Taihe Music
Legend Capital, a Beijing-based asset management firm, Zhongtai Chuanghui and Suzhou-based Guochuang Kaiyuan fund, have led a RMB1 billion (US$154 million) founding round in Taihe Music Group (TMG). (more…)
Legend Capital Co-Leads $154M Round I…
Chinese Foreign Direct Investment In US Drops 92% In First Half
Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months this year, representing a 92% drop from the same period in 2017, and the lowest half-year figure in seven years, ac…
CEC Capital’s Ran Wang: Valuation Of Chinese Start-Ups To Drop 30% To 50% In Six Months
In the next six months, the valuation of Chinese start-ups may drop on average 30%, or even 50% for some previously highly valued companies, because of a tightening of capital supply, said Ran Wang, chief executive officer of Chinese investment advisor…
Tighter Regulation Pushes Up Bad Loan Ratios Of Chinese Commercial Banks
Chinese commercial banks reported much higher non-performing loans at the end of May, as the effect of tighter regulations on bad loan classification is gradually kicking in.
Chinese banks reported non-performing loans of RMB1.9 trillion (US$293 billi…
Sequoia Capital China, GIC Invest $40M In Korean Fintech Start-up Toss
Sequoia Capital China has joined Singaporean sovereign wealth fund GIC to invest US$40 million round in Viva Republica, Korea’s fintech startup and maker of financial services app Toss. (more…)
Sequoia Capital China, GIC Invest $40M In Kor…
Chinese Developers Show Greater Signs Of Distress As Liquidity Risks Heighten
Chinese real estate developers are showing greater signs of distress, as companies cancel bond issuance deals and more defaults are expected to follow. (more…)
Chinese Developers Show Greater Signs Of Distress As Liquidity Risks Heighten appear…
Huobi Global Ecosystem Fund Leads New round in Global Risk Exchange
Global Risk Exchange, a blockchain-based, decentralized and open global risk exchange market, said it had secured investment from the Huobi Global Ecosystem Fund. (more…)
Huobi Global Ecosystem Fund Leads New round in Global Risk Exchange appea…
500 Startups’ Bonnie Cheung: More Blockchain Projects Should Focus On Solving Inter-Chain Operability And Privacy Issues
Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchai…
Despite Slump, Chinese Crypto Investors Believe “Thousands” New Token Funds Will Bring Another Bull Market
Despite the current market slumps, Chinese cryptocurrency practitioners still believe a bull market is in store because of the growing size of capital that is readying themselves to enter into the space. (more…)
Despite Slump, Chinese Crypto In…