Shanghai-based cancer drug developer Ascentage Pharma Group Corporation has raised US$15.5 million in a new funding round led by Oriza Capital and YuanMing Capital, according to media reports. Ascentage Pharma span off from Ascenta Therapeutics, Inc. in 2009. In January 2015, Chinese biotechnology 3SBio Inc. invested US$3 million in the company to help its research […]

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.

China-focused hedge funds posted their worst monthly loss since January 2008, losing 8.33% in July, according to data released by industry research firm Eurekahedge. Despite suffering losses during the past few months, China-focused hedge funds are still up 10.84% year-to-date. In comparison, Asia ex-Japan mandated hedge funds returned 9.87% year-to-date, outperforming the MSCI AC Asia […]

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.

Tencent Holdings Limited has made an undisclosed amount of strategic investment in U.K.-based indoor mapping start-up, Sensewhere Ltd. to boost the Chinese Internet giant's location-based service offerings, according to a company announcement. After the completion of the deal, Tencent will incorporate Sensewhere's software in its own GPS systems and other relevant mobile platforms, including advertising […]

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.

Police have arrested a 42-year-old truck driver after his vehicle reportedly struck and killed a 52-year-old man at the airport today.

The truck was travelling on a carriageway inside a loading area of an airfreight terminal on Chun Wan Road about 11am when it reportedly knocked down the victim, who was sent to North Lantau Hospital and later died.

The driver was arrested for dangerous driving causing death and has been held for questioning.

Witnesses should call Police on 3661 1300.

The Immigration Department is helping four Hong Kong people injured in last night's Tianjin explosion.

The department has contacted them and rendered practical assistance according to their situation and wishes.

Two have been discharged from hospital, while the others are receiving treatment.

The department said it will liaise with the Office of the Government of the Hong Kong Special Administrative Region in Beijing and the injured residents to monitor the situation and render assistance.

In this episode of China Money Podcast, guest David Ji, head of research and consultancy of Greater China at property advisory firm Knight Frank talks to our host Nina Xiang about where the Chinese property market is in its current market cycle and how China's ghost cities could be revived. Listen to the full interview […]

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 David Ji, head of research and consultancy of Greater China at property advisory firm Knight Frank talks to our host Nina Xiang about where the Chinese property market is in its current market cycle and how China's ghost cities could be revived. Listen to the full interview […]

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 David Ji, head of research and consultancy of Greater China at property advisory firm Knight Frank talks to our host Nina Xiang about where the Chinese property market is in its current market cycle and how China's ghost cities could be revived. Listen to the full interview […]

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.