Chinese private equity firm JD Capital plans to invest RMB2 billion (US$322 million) to set up its own P2P (peer to peer) lending platform named Jiuxin Finance, joining the already red hot Chinese Internet finance sector, according to Chinese media reports. The move follows JD Capital's announcement in April to establish a commercial bank. 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.

Beijing-based online video firm Leshi Internet Information & Technology Corp.’s sports affiliate has completed over US$100 million new round of financing from undisclosed investors, according to media reports. The round values the affiliate, Letv Sports Culture Develop (Beijing) Co., at approximately US$450 million. The company plans to use the proceeds to purchase more content for […]

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.

Hangzhou-based Chinese online and mobile advertising firm Panshi has completed US$200 million series B round of financing led by Shanghai-based NewMargin Ventures, according to Chinese media reports. WI Harper Group, JD Capital, Fang Fund Partners, and Shanghai Lefeng Investment also participated in the round. The round reportedly values the company at US$1 billion, according to […]

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.

Global mobile games revenue will grow from US$29 billion in 2015 to US$45 billion by 2018, and Asia is likely to take over 50% of the industry's revenue worldwide in three years, says a research report by investment advisory firm Digi-Capital. The industry's 15% annual growth means great opportunity for mobile game leaders, but will […]

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.

Private equity firm KKR & Co. is selling down its stake in Hong Kong-listed equipment leasing firm Far East Horizon to raise approximately US$200 million in a share placement, according to media reports. KKR is selling 195 million shares, lowering its stake to 12% from 17.9% previously. After the sale, KKR is subject to 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.