Beijing-based ride share mobile app maker Dida Pinche has completed US$100 million series C round of financing led by China Renaissance Capital Investment, according to a news article posted on the company's website. TBP Capital, Beijing-based auto information and marketing web portal Bitauto Holdings Ltd., and IDG Capital Partners also participated in the round. The […]

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Ottawa, Canada-headquartered fabless semiconductor company GaN Systems Inc. has completed US$20 Million series C round of financing led by Cycle Capital management, according to a company announcement. BDC Capital and Beijing-based Tsing Capital, as well as existing investors Chrysalix Energy Venture Capital and RockPort Capital, also participated in the round. The company says it will […]

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Shenzhen-based online real estate agency firm Jiwu has completed RMB100 million (US$16 million) series A financing led by SAIF Partners, according to a news article posted on the company's website. Founded in 2011, Jiwu raised US$4 million angel investment from Decent Capital, an angel investment firm founded by Ceng Liqing, a co-founder of Tencent Holdings […]

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Shanghai-based mobile Internet-based real estate agency firm Iwjw has completed US$120 million series D round of financing led by GGV Capital and Morningside Ventures, according to a news article posted on the company's website. Shunwei Capital and Banyan Capital also participated in the round, which values the over one-year-old company at US$1 billion. Founded in […]

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Immigration and Police officers have arrested nine Mainlanders, aged 30 to 57, in a crackdown on illegal employment in North District.

The five men and four women were arrested for breaching their conditions of stay by being involved in suspected parallel goods trading in Lok Ma Chau and Sheung Shui.

Officers seized milk powder, wine, electronic components, daily necessities, cosmetics and skincare products.

A total of 2,225 Mainlanders and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 216 Mainlanders have been prosecuted, and 205 of them have been jailed.

The author is founder and CEO of T.H. Capital Tian X. Hou Alibaba Group Holdings will report its fiscal fourth quarter, 2015 results on Thursday, May 7th. We believe that we most likely won’t see any positive surprises in its earnings as it is facing pressure from both short term negatives and fundamental changes. One […]

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The authors are Alastair Sewell and Li Huang at Fitch Ratings Since the launch of Alibaba’s online investment fund Yu-E Bao in the third quarter of 2013, Yu-E Bao accounts for 80% of Chinese e-commerce money market funds (MMFs), which are funds linked to e-commerce platforms and has become the largest Chinese MMF, representing more […]

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