Beijing-based Android app development firm Apus Group has received US$100 million Series B financing from Chinese venture firms Chengwei Ventures, SIG Ventures, and Qiming Venture Partners, according to an announcement posted on its official Weibo account. Existing investors in the company's series A round, Northern Light Venture Capital and Redpoint Ventures, also participated in the […]

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Shanghai-based online travel insurance service provider Ins110.com has received RMB500 million (US$80 million) series A financing, according to unconfirmed Chinese media reports. No Specific terms of the investment were disclosed. In March 2014, the company received RMB25 million (US$4 million) investment from a joint venture established Guotai Junan Securities Co., Ltd and Chinese private equity firm, […]

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Beijing-based Chinese group discount platform Meituan.com has received US$700 million new round of financing based on a valuation of US$7 billion, according to the announcement in its Weibo account. Details of the investors are not disclosed. The group's turnover for the year 2014 surged by 180% to RMB$46 billion (US$7.4 billion), according to the announcement. […]

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Shanghai-based Chinese health checkup clinic network Meinian Onehealth Healthcare (Group) Co. has made a strategic investment in Beijing-based rival, Ciming Health Checkup Management Group, according to a company announcement. No specific terms of the investment were disclosed, but Chinese media reports say that the two companies will continue to operate independently, and Ciming Health's controlling […]

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A 57-year-old taxi driver was killed and a 57-year-old bus driver was arrested for dangerous driving causing death in Tai Wai this evening. 
 

At about 6pm, a bus driven by a 57-year-old man was travelling along Tai Chung Kiu Road towards Ma on Shan, while a public light bus and a private car were travelling on the same road towards Tai Wai. When the bus turned right into Sha Kok Street, the four vehicles collided. 

Another bus that passing by was hit by debris.

The taxi driver sustained serious head injuries and was rushed to Prince of Wales Hospital where he later died.

Twelve men and seven women aged nine to 79, were also hurt. They were sent to Prince of Wales Hospital and Alice Ho Miu Ling Nethersole Hospital for treatment.

Witnesses should call Police on 3661 1300.

Secretary for Justice Rimsky Yuen today attended the Conference of Attorneys General in Colombo, Sri Lanka, to exchange views on the roles of attorneys general in a changing Asia.

The conference, organised by the Attorney General's Department of Sri Lanka, brought together legal officials from 17 Asian countries and regions.

Mr Yuen participated in the conference's three plenary sessions and panel discussion.

He also met with Sri Lankan Attorney General Yuvanjana Wijayatilake, and called on the Chinese Ambassador to Sri Lanka Wu Jianghao.

Alibaba Health Information Technology Limited, formerly known as CITIC 21CN Company Limited, has settled a legal dispute with Oracle. Alibaba Health will pay about CNY37.2 million to Oracle for a licensing agreement for database management software signed in 2006. Meanwhile, the company will be refunded a deposit of USD11 million plus USD1.2 million in interest […]