Hong Kong billionaire Li Ka-shing’s Horizon Ventures has participated in a US$145 million financing round in U.S. health insurance start-up, Oscar Health Insurance, according to media reports. The round, which values the sixteen-month-old health insurance firm at approximately US$1.5 billion, is led by billionaire investor Peter Thiel and his venture investment vehicle, Founders Fund. Other […]

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 P2P (peer to peer) lending platform Jimubox.com has completed US$84 million series C round of financing led by U.K.'s specialist banking and asset management group Investec, according to a company announcement. New investors Mandra Capital, Zhong Capital Fund, L.P. and Haitong Kaiyuan Investment Co., Ltd. also participated in the round. Existing investors Matrix China […]

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 recent moves to expand its Free Trade Zone (FTZ) scheme will spearhead interest rate and capital account liberalization, as well as full convertibility of the RMB, according to a research report by ANZ. China’s State Council formally announced to launch three more Free Trade Zones (FTZs) in Tianjin, Fujian, and Guangdong province, as well […]

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 recent moves to expand its Free Trade Zone (FTZ) scheme will spearhead interest rate and capital account liberalization, as well as full convertibility of the RMB, according to a research report by ANZ. China’s State Council formally announced to launch three more Free Trade Zones (FTZs) in Tianjin, Fujian, and Guangdong province, as well […]

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 Cnano Technology Limited, a manufacturer of multi-wall carbon nanotubes products, has completed a US$15 million series C financing round led by GRC SinoGreen Fund, according to a company announcement. New investors, Hotung Investment Holdings Limited and several unnamed entities, as well as existing investors Pangaea Ventures, Presidio Partners, WI Harper Group, IDG Capital Partners […]

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 cloud-based security firm Anquanbao, backed by Northern Light Ventures and Innovation Works, has been acquired by Chinese search engine Baidu Inc. for an undisclosed amount, according to Chinese media reports. After the completion of the transaction, Anquanbao will become a wholly owned subsidiary of Baidu. Baidu will also push the cooperation and synergy between […]

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 Weimob, which provides third-party marketing services to Wechat users, has completed RMB150 million (US$24 million) series B financing led by Shenzhen-listed packaged food manufacturer Jinzi Ham Co., Ltd., according to a securities filing. Jinzi Ham invested RMB126 million. Existing investor Meridian Capital China and an undisclosed individual investor also participated in the round, which […]

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 online robot education platform Roborobo has received US$10 million new round of financing from New Oriental Education & Technology Group Inc., according to Chinese media reports. Launched in China in 2008, Roborobo previously received RMB10 million angel investment from Zhen Fund in 2014. ZhenFund is co-founded by Xu Xiaoping, a co-founder of New Oriental […]

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.

U.S. private equity firm TPG Capital and Shanghai-based Chinese conglomerate Fosun International Limited have agreed to acquire a majority stake in Canadian entertainment firm, Cirque du Soleil, according to a company announcement. TPG is to acquire a majority stake, while Fosun will purchase a minority stake to help the company launch and expand in China. […]

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.

Police have arrested a truck driver after his vehicle reportedly struck and killed a pedestrian in Western District.

A 57-year-old man was crossing Des Voeux Road West near Wilmer Street when he was hit by the truck just after 10am.

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

The 39-year-old driver was arrested for dangerous driving causing death.

Witnesses should call Police on 3106 8838.

Customs officers have arrested a woman carrying 2kg of ketamine worth $252,000.

The 21-year-old was stopped at Lok Ma Chau Spur Line Control Point yesterday.

Officers found the drug in a reusable bag she was carrying.

They later arrested a 34-year-old man in Tseung Kwan O, also believed to be involved in the case.

I just read an interesting essay by Zhang Xingxiang, currently a Practitioner-in-Residence at Indiana U.'s Research Center for Chinese Politics and Business, about his life as an official in China. I was struck by one observation he made: Although government…

I just read an interesting essay by Zhang Xingxian, currently a Practitioner-in-Residence at Indiana U.'s Research Center for Chinese Politics and Business, about his life as an official in China. I was struck by one observation he made: Although government…