China Legal Blog
Aggregated China Law Information

Wuxi city, Jiangsu province-based mobile e-commerce platform Mmb.cn has completed an undisclosed series D round of financing from JD.com Inc. and Tencent Holdings Limited, according to Chinese media reports. Existing investors Sequoia Capital and other undisclosed investors also participated. As part of the investment, JD.com will establish a strategic partnership with Mmb.cn to cooperate on […]

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.

Hong Kong-based private equity firm Ascendent Capital Partners has reportedly raised US$600 million for its second U.S. dollar fund, Ascendent Capital Partners II, L.P., according to media reports. A securities filing dated in early June disclosed that the fund was seeking US$600 million, but had not raised any capital commitments yet. Representatives at Ascendent Capital […]

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.

Financial Secretary John Tsang inspected a graduation parade of seven station officers, 15 ambulance officers, two senior firemen and a senior firewoman of the Mobilising & Communications Group, 63 firemen and 23 ambulancemen today.

 

Speaking at the parade, Mr Tsang said there has been great public demand for emergency services provided by the Fire Services Department.

 

It received more than 214,000 calls for fire services, special services and emergency ambulance services in the first quarter – an increase compared to the same period last year.

 

Fire services will increase more than 140 posts in 2015-16 to meet future service needs.

 

Mr Tsang noted that to enhance emergency ambulance services, the department is developing a computer system that will incorporate internationally accredited questioning protocol software to help Fire Services Communications Centre operators in identifying the condition of injuries and sicknesses, providing callers for emergency ambulance services with more comprehensive and appropriate advice.

 

He added that construction of a new Fire & Ambulance Services Academy at Pak Shing Kok, Tseung Kwan O, is underway and the project will be completed by the end of this year and is expected to be commissioned in the first quarter of 2016.

 

The new academy, which will be equipped with a number of advanced simulated training facilities, will provide 530 residential training places.

A Chinese public equity investment fund jointly established by Chinese Internet giant Tencent Holdings Limited and Asia-focused hedge fund Hillhouse Capital Management has been officially launched, according to Chinese media reports citing information from China's securities regulator. Hillhouse Capital is to hold 51% of the venture, while Tencent will own 49%. News of the two […]

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.