If you are a private equity fund manager in China and you have sold shares of your portfolio companies this year, chances are you are hitting yourself on the head right now. Gabriel Li, managing director at US$3 billion China-focused private equity firm Orchid Asia Group, shared his teeth-biting story at the Hong Kong Venture […]

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China's National Social Security Fund (NSSF) recorded investment income of RMB142 billion (US$22.9 billion) in 2014, realizing an investment return of 11.69% for the year, up from 6.2% in 2013, according to an annual report released by the National Council for Social Security Fund. The NSSF, which saw its assets-under-management grew 24% to RMB1.54 trillion […]

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IMAX Corporation's Greater China business, IMAX China Holding, Inc., has submitted a listing application for an initial public offering on the Hong Kong Stock Exchange, according to a company announcement. In April 2014, Chinese private equity funds, CMC Capital Partners and FountainVest Partners, announced that they were acquiring a 20% interest in IMAX China for […]

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IMAX Corporation's Greater China business, IMAX China Holding, Inc., has submitted a listing application for an initial public offering on the Hong Kong Stock Exchange, according to a company announcement. In April 2014, Chinese private equity funds, CMC Capital Partners and FountainVest Partners, announced that they were acquiring a 20% interest in IMAX China 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.

Shanghai-based Chinese tourism and travel booking and service provider Lvmama.com has received RMB500 million (US$80 million) strategic investment from Jinjiang International (Group) Company Limited, according to an internal letter reported by Chinese media. The investment follows a RMB300 million (US$49 million) series D round of financing completed in August 2014. Founded in 2008, Lvmama received […]

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Shanghai-based Chinese tourism and travel booking and service provider Lvmama.com has received RMB500 million (US$80 million) strategic investment from Jinjiang International (Group) Company Limited, according to an internal letter reported by Chinese media. The investment follows a RMB300 million (US$49 million) series D round of financing completed in August 2014. Founded in 2008, Lvmama received […]

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.

Menlo Park, California-based venture capital firm DFJ (Draper Fisher Jurvetson) has teamed up with Beijing Forise Assets Management Co., Ltd. to launch a venture capital fund focused on investing in the Internet Of Things (IOT) and TMT (technology, media, telecom) sectors in China, according to Chinese official media reports. Representatives at DFJ did not respond […]

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Police have arrested a truck driver after his vehicle reportedly struck and killed a 31-year-old cyclist in Tuen Mun this morning.

At around 9am, a cyclist was riding downhill on Kin Fat Street towards Pui To Road. When he reached the junction at Ho Tin Street his bicycle collided with a truck turning into Kin Fat Street.

The cyclist was sent to Tuen Mun Hospital where he later died. 

The 33-year-old truck driver was arrested for dangerous driving causing death.

Witnesses should call 3661 3800.

The International Finance Corporation (IFC) and Chinese construction and engineering firm CITIC Construction Co., Ltd. have launched a US$300 million investment fund to develop affordable housing projects in Sub-Saharan Africa, according to a joint announcement. The new platform, named CITICC (Africa) Holding Limited, will partner with local housing developers and provide long-term capital to develop […]

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