China Money Network’s next Hong Kong event is taking place on January 16th 2019 at the city’s renowned Convention and Exhibition Centre HKCEC coinciding with the International Financial Week (IFW).
The GREATER CHINA RESTRUCTURING FORUM 2019…
Fintech News
Stock Market Woes Lead To Increasing Share Pledge Lawsuits With Big Four AMCs Eyeing For Opportunities
China’s plummeting stock market has triggered margin calls for many listed Chinese companies’ key shareholders who have pledged their shares. This has led to an increasing number of law suits when these shareholders default on their share-pledged…
Despite Billions Of Capital Support, Chinese Smart Shelves Didn’t Disrupt Retail
One month before Chinese Spring Festival in 2018, He Bing, a delivery man at Chinese cashier-free shelf provider Xingbianli, received a call from the company’s human resource supervisor.
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Despite Billions Of Capital Support, Chines…
Japan’s Investment Bank Mizuho Securities Invests $20M To Launch Tech-Focused Fund In China
Japanese investment bank Mizuho Securities will team up with Chinese private equity fund Cybernaut Investment Group to kick-off a fund, focused on investing in Chinese enterprises in advanced technology sectors.
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Japan’s Investment Bank …
China Everbright Limited Sets Up $288M FOF With Local Government To Boost Industrial Upgrade
Hong Kong-based financial services firm China Everbright Limited, an affiliate of Chinese state-owned China Everbright Group, has inked a strategic partnership with a local government in eastern China’s Jiangsu province to jointly launch a RMB2 b…
China’s 5G Satellite Developer Galaxy Space Secures Undisclosed Series A+ Financing Round
Chinese private 5G satellite developer Galaxy Space has secured a series A+ round of financing from Shunwei Capital Partners, a venture capital firm started by founder of smartphone maker Xiaomi Lei Jun, IDG Capital, Morningside Venture Capital, Gaoron…
China’s Intelligent Text Analysis Start-Up Data Grand Nets $23M In Series B Round
Data Grand, a Chinese semantic analysis solution developer, has secured RMB160 million (US$23.08 million) in series B round of financing, led by Mount Morning Capital, a subsidiary of venture capital China broadband capital.
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China’s In…
Xiaomi Leads $14M Series A Round In China’s Intelligent Investment Management Service Start-Up Value Simplex
Value Simplex, a Chinese start-up providing big data and machine learning powered investment management service, has raised nearly RMB100 million (US$14.48 million) in series A round of financing led by China’s smartphone vendor Xiaomi.
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Chinese Space Start-Up LandSpace Secures $43M Round Led By China Growth Capital
Chinese private space launch firm LandSpace has secured a RMB300 million (US$43.21 million) series B+ round of financing led by venture capital firm China Growth Capital, bringing the money raised by the company to over RMB800 million (US$115.22 millio…
Guangzhou City, CAS Launch $144M Fund To Invest In Science and Technology Projects In Greater Bay Area
Guangzhou Jinkong Fund, a subsidiary of state-owned Guangzhou Finance Holdings, has launched a new fund with the Chinese Academy of Sciences (CAS) with a focus on science and technology Investments，according to an announcement.
The collaboration agreem…