China's consumer price index (CPI) increased 1.5% year-on-year in April, roughly inline with market expectations, according to data released by China's National Bureau of Statistics. On a monthly basis, the CPI fell by 1.2%. Producer price index (PPI) continues to fall, declining by 4.6% year-on-year in April. "Both CPI and PPI inflation came in below […]

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Xi'an, Shaanxi province-based Simple Capsule Hotel has completed an undisclosed series A round of financing from Shanshan Venture Capital and Prosperity Investment Fund, according to Chinese media reports. The capsule hotel operator plans to use the proceeds on recruiting staff, expanding its online community, and opening more hotel locations. Founded in 2013, Simple Capsule Hotel […]

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Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation says it has signed an agreement to raise US$500 million investment from a group of investors led by e-commerce company JD.com Inc., according to a company announcement. JD.com plans to invest US$350 million in the NASDAQ-listed company, including US$250 million in cash and US$100 […]

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Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation says it has signed an agreement to raise US$500 million investment from a group of investors led by e-commerce company JD.com Inc., according to a company announcement. JD.com plans to invest US$350 million in the NASDAQ-listed company, including US$250 million in cash and US$100 […]

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.

The Immigration Department and Police arrested 13 Mainland visitors, aged 29 to 53, in an illegal employment crackdown in Sheung Shui on May 9.

Two men and 11 women were arrested for breaching their conditions of stay by being involved in suspected parallel goods trading at Choi Fat Street and Po Wan Road in Sheung Shui.

Officers seized milk powder, food, skincare products, daily necessities, vehicle components, mobile phones and other electronic products.

A total of 2,238 Mainland visitors and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 216 Mainlanders have been prosecuted and 205 have been jailed.