Shanghai-based Linqu, a Chinese mobile app offering last mile delivery services for fast-moving consumer goods and food, has completed an undisclosed series B round of financing led by Qiming Venture Partners, according to Chinese media reports. Existing investor IDG Capital Partners also participated. The round is reportedly worth US$10 million. The company completed an undisclosed […]

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.

JD Capital has agreed to acquire Belgian insurer Ageas' life insurance business in Hong Kong for HK$10.7 billion (US$1.4 billion) in cash, according to a company announcement. Brussels, Belgium-headquartered Ageas acquired Pacific Century Insurance in 2007, and re-branded the company to Ageas. Ageas' life insurance business in Hong Kong currently has over 2,500 financial advisors […]

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.

Chinese private equity firm JD Capital has agreed to invest RMB400 million (US$63 million) in Beijing-based O2O (online-to-offline) education platform Gaosi Education, according to a company announcement. Gaosi Education says it will use the proceeds on platform expansion and team building. JD Capital and Gaosi Education also says they plan to establish an education investment […]

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.

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that Hong Kong is the best place in the world to ensure the success of an IoT start-up business. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts […]

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.

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that wide-spread human microchip implants may happen sooner than expected. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. […]

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 confirmed today that among the four Hong Kong residents involved in a traffic accident in Yangmingshan, Taipei City, three were slightly injured, while one was unhurt.

The three injured people have been discharged from hospital and the department has assisted them according to their wishes.

The department will monitor developments and keep in contact with the Hong Kong Economic, Trade & Cultural Office in Taiwan and the injured to render practical assistance.

A 52-year-old man died in a traffic accident in Cheung Sha Wan this morning, after reportedly losing control of his vehicle.

At about 2.20am, the man was driving eastbound on Cheung Sha Wan Road. When he approached Butterfly Valley Road, his vehicle rammed into a bridge column and side-turned.

The driver was rushed to hospital in an unconscious state, but later died.

Witnesses should call Police on 2733 5200.

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector's key challenge in the future is how to connect all the smart hardware and to integrate them via data centers and on the cloud globally. Visit ChinaMoneyNetwork.com 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.

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector's future is what he calls IoT 2.0, where smart devices talk to each other and are integrated to enhance people's lives. Visit ChinaMoneyNetwork.com for more daily finance news, […]

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.

In this episode of China Money Podcast, guest Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, shares his thoughts on the IoT revolution, what our future look like when all of the world's devices "speak" with each other, and why he chose Hong Kong to start Brinc. […]

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.

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector could be a US$7 trillion market opportunity. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in […]

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 author is Michael Macaluso, managing director at Cappello Group, Inc. The Chinese government’s measures to counteract the free fall of local stock markets is seemingly working as a circuit-breaker for equities. The government’s measures, including a US$19 billion stock market stabilization fund, restrictions on share sales, freezing of initial public offerings, and clamping down […]

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.

Chinese drug maker Shanghai Pharmaceuticals Holding Co., Ltd. plans to launch a venture capital investment fund to back promising healthcare start-ups, with a fundraising target of RMB3 billion (US$469 million), according to a securities filing. The fund will first seek to raise RMB1 billion (US$160 million), while Shanghai Pharma says it will commit RMB250 million. […]

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.

San Francisco, California-headquartered ride share company Uber Technologies Inc’s China unit is close to complete a US$1 billion fundraising round from Chinese investors that may include Baidu Inc, China CITIC Bank Corp Ltd., China Life Insurance Co., Ltd., Ping An Insurance Group Co. of China, among others, according to media reports. The round values Uber […]

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 brokerage firm Tiger Brokers has completed series A round of financing led by Chinese smartphone maker Xiaomi Inc., according to Chinese media reports. The round is reportedly worth RMB100 million (US$16 million). Founded in June 2014, the start-up focuses on providing brokerage services for Chinese investors wanting to invest in overseas securities, particularly […]

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 online food ordering platform Ele.me has received US$630 million series F funding round led by CITIC Private Equity Funds Management Co. and Shenzhen-listed Chinese shopping mall operator Beijing Hualian Department Store Co., Ltd., according to a company announcement. China Media Capital, Gopher Assets, and existing investors Tencent Holdings Limited, JD.com Inc., Sequoia Capital also […]

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.

Customs officers have arrested 11 men, seizing 142 pirated video games and circumvention devices worth $60,000 in Sham Shui Po.

The arrestees, aged 24 to 38, were shop owners and sales staff.

Officers found some of the shops did not have a business registration and could change their company names easily, hindering investigations and putting consumer rights at risk.

The arrests were made on August 26.

The Copyright Ordinance prohibits the selling circumvention devices or pirated video games. The maximum penalty is four years’ jail.

Call the Customs hotline – 2545 6182 – to report suspected piracy activities.

Customs officers have arrested a 57-year-old man after finding more than 2kg of cocaine worth $2.2 million in false compartments of a computer bag he was carrying at the airport.

He arrived in Hong Kong from Rio de Janeiro via Dubai on August 26.

He will face drug trafficking charges at Tsuen Wan Magistracy tomorrow.

Customs officers have arrested a beauty parlour owner and two beauticians for contravening the Trade Descriptions Ordinance in the sale of beauty services to a customer.

The beautician used an inferior model of a device to provide beauty treatment, instead of the device it claimed.

Officers yesterday arrested the 32-year-old parlour owner and two beauticians, aged 28 and 41. All were granted bail.

The department's Unfair Trade Practice Investigation Division reminded beauty service traders and beauticians to heed the law and state all information to consumers in a clear and accurate manner.

Call 2545 6182 to report suspected cases.

Sichuan province-based big data firm BusinessBigData has received RMB100 million (US$16 million) series B round of financing from Sinolink Securities Co., Ltd, CDH Investments and another unidentified investor, according to Chinese media reports. The company previously received an undisclosed series A round from Shenzhen Fortune Venture Capital Co., Ltd. in April, according to its website. […]

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 online food ordering platform Ele.me has signed an agreement to receive US$90 million investment from Shenzhen-listed Chinese shopping mall operator Beijing Hualian Department Store Co., Ltd., according to a securities filing. Other investors, including Sequoia Capital, Horizon Ventures, Chinese e-commerce firm JD.com Inc. and Slender West Lake Investment Limited, also invested an undisclosed amount […]

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.