Beijing-based Chinese online used car auction company Youxinpai has raised US$170 million from China's leading search engine, Baidu Inc., global private equity firm KKR & Co. L.P., and investment management firm Coatue Management LLC, in its latest round of funding, according to a joint announcement. This funding round closed on March 15, and will be […]

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Police today reclassified a March 15 wounding case involving hawker control officer Wu Kwong-sum as manslaughter, after the officer died.

Police received a report at about 4.45pm on Sunday that the 58-year-old officer was found collapsed outside 25 Des Voeux Road Central.

He was sent to Queen Mary Hospital where he died today.

Initial investigations revealed that a South Asian male had pushed him to the ground before he collapsed.

A 36-year-old South Asian male was arrested in Central yesterday and charged with manslaughter in connection with the case. 

He will appear before Eastern Magistrates' Courts tomorrow.

Asia-focused private equity firm RRJ Capital disclosed that it has received US$762 million capital commitment for its third fund, named RRJ Capital Master Fund III, L.P. according to a regulatory filing. The fund is targeting to raise a total of US$4 billion, according to previous media reports. Launched earlier this year, the investment platform is […]

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.

Asia-focused private equity firm RRJ Capital disclosed that it has received US$762 million capital commitment for its third fund, named RRJ Capital Master Fund III, L.P. according to a regulatory filing. The fund is targeting to raise a total of US$4 billion, according to previous media reports. Launched earlier this year, the investment platform is […]

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.