Shanghai-based online travel community and information sharing mobile app 117go.com has received a new round of financing led by New Horizon Capital, according to an announcement made by 117go's financial adviser, China eCapital Corporation. LakeSide Fund, IDG Capital and Redpoint Ventures also participated in the round. The fundraising size was not disclosed. In 2014, 117go.com […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Shanghai-listed Chinese sporting goods firm Guirenniao Co., Ltd. plans to jointly establish an industry investment fund with online sports portal Hupu.com, as part of a strategic partnership to establish a major O2O (online-to-offline) platform in the sports sector in China, according to a securities filing. The fund aims to raise a total of RMB2 billion […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

China’s GDP growth expanded by 7.4% in 2014, the slowest pace since 1990 and down from 7.7% in 2013, according to China's National Bureau of Statistics. This is also the first time that China missed the annual growth target since 1998. For the fourth quarter of 2014, the economy grew 7.3%, beating market expectations and […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Japanese corporation Itochu Corporation and Thai conglomerate Charoen Pokphand Group are to jointly acquire a 20% stake in Hong Kong-listed financial services firm, CITIC Limited, for approximately HK$80 billion (US$10.4 billion), according to a company announcement. The investment will be made through a joint investment vehicle, Chia Tai Bright Investment Company Limited, of which Itochu […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Pak-Seng Lai, managing partner of Shanghai-based Vision Knight Capital, is leaving the company after just six month at the US$800 million-under-management private equity firm, according to media reports. Representatives at Vision Knight did not respond to inquiries to confirm the news. Pak-Seng Lai, previously managing director and head of Asia at German private equity firm […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Italian cosmetics and skin care products developer and manufacturer Intercos S.p.A. says it has completed a round of financing led by U.S. private equity firm Catterton Partners, with China-focused private equity firm ClearVue Partners as a co-investor in the deal, according to an emailed announcement. In return, the investors obtained a significant minority ownership of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Italian cosmetics and skin care products developer and manufacturer Intercos S.p.A. says it has completed a round of financing led by U.S. private equity firm Catterton Partners, with China-focused private equity firm ClearVue Partners as a co-investor in the deal, according to an emailed announcement. In return, the investors obtained a significant minority ownership of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Hong Kong and India have signed the Agreement on Transfer of Sentenced Persons.

Secretary for Security TK Lai and Indian Consul-General Prashant Agrawal signed the agreement today.

Speaking at the signing ceremony, Mr Lai said the transfer of sentenced persons to their place of origin, by returning them to an environment free of language and cultural barriers and where their friends and relatives can visit regularly, is conducive to their rehabilitation.

It is the 15th agreement of this kind Hong Kong has signed with other jurisdictions, including Australia, Belgium, the Czech Republic, France, Italy, Korea, Macau, the Philippines, Portugal, Spain, Sri Lanka, Thailand, the UK and the US.

Secretary for Security TK Lai says the Government has no plan to implement Article 23 of the Basic Law.

He made the statement today in response to calls for national security laws to be implemented in Hong Kong.

"Article 23 of the Basic Law has a very clear guideline for the Hong Kong Special Administrative Region to enact the law. But up to now, we do not have any timetable to enact such piece of law."