Shanghai-based online food ordering site Ele.me announces that it has raised US$350 million series E financing led by CITIC Private Equity, according to its official Weibo account. Tencent Holdings Limited, Chinese e-commerce platform JD.com Inc., online review platform Dianping.com, and Sequoia Capital also participated in the round. Earlier in January, there has already been media […]

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-based online food ordering site Ele.me announces that it has raised US$350 million series E financing led by CITIC Private Equity, according to its official Weibo account. Tencent Holdings Limited, Chinese e-commerce platform JD.com Inc., online review platform Dianping.com, and Sequoia Capital also participated in the round. Earlier in January, there has already been media […]

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-based online overseas shopping platform yMatou.com has completed US$100 million series B financing from Sailing Capital International, according to an announcement on its Weibo account. The company previously received an undisclosed amount of series A financing from SAIF Partners in January 2014, seen from an internal email letter sent by Zeng Bibo, yMatou's CEO. The […]

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.

Taiwan’s National Development Council (NDC) announced on January 23 that it plans to invest a total of US$83 million in four venture capital firms, hoping to spur growth for innovative start-ups and technology development for the island, according to a government filing. The NDC will invest US$15 million in 500 Startups III, L.P., a micro […]

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-based mobile game media platform Youxiduo.com has received over RMB100 million (US$16 million) series B financing led by Fortune Venture Capital Co.Ltd., according to an announcement on its Weibo account. The company previously received millions of RMB series A financing from undisclosed investors in January 2014. Launched at the end of 2012, Youxiduo.com operates a […]

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.

Beijing-based carpool mobile app maker Ttyongche has received approximately US$10 million series B financing from Sequoia Capital, according to Chinese media reports. The company previously received US$3 million series A financing from Innovation Works in June 2014. Launched in July 2014, the app has expanded from Beijing to other major cities including Shanghai and Hangzhou […]

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.

Alibaba Group Holdings, the New York Stock Exchange-listed Chinese e-commerce giant with US$256 billion in market capitalization, may have registered another quarter of rapid growth during the last three months of 2014, says a report by equities research firm, T. H. Capital. Gross merchandise volume of Alibaba's Tmall may have grown 71% year-on-year to RMB312 […]

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.

Secretary for Justice Rimsky Yuen says there is room for further amending the method of selecting the Chief Executive by universal suffrage after 2017 according to Hong Kong’s actual situation.

He told reporters today that this has been the stance of both Hong Kong and Central Government officials, and it is also provided for in the Basic Law’s Annex.

Mr Yuen reiterated that the proposal for the 2017 CE election arrangements is not, as some people worry, an ultimate arrangement which cannot be changed.

The New York Times has a report today about a merger between Dentons and Dacheng, a Chinese law firm. According to the report, "[l]ike a number of other large law firms, the partnership will be structured as a Swiss verein,…

The Chinese public interest group Yirenping is seeking summer legal interns. Fluent Chinese is not a requirements; they have different jobs depending on Chinese language skills. For more details, see this informative announcement. The application dead…