Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager, says investors now value risk control more after the Chinese stock market correction. 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 […]

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.

Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager, says the most recent Chinese stock market crash reveals that many Chinese hedge fund managers merely had exaggerated "beta" in the past, and they failed to achieve "alpha" during the past few months. 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.

Beijing-based online used car trading platform YouChe has completed US$18 million series B financing led by Galaxy Capital, according to Chinese media reports. Existing investors IDG Capital Partners and Zhen Fund also participated in the round. Founded in December 2013, YouChe previously received several million RMB angel investment from Zhen Fund in December 2014. In […]

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Shanghai-based P2P (peer to peer) lending platform DianRong has completed US$207 million series C round of financing led by Standard Chartered PLC and China Fintech Fund, according to an announcement posted on the company's Weibo account. Bohai Leasing Co., Ltd. and all existing investors also participated in the round. The deal is significant in that it […]

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Shanghai-based trucking dispatch mobile app maker Yunmanman has completed series C round of financing amounting to hundreds of millions of RMB led by Yunfeng Capital, according to Chinese media reports. Existing investors Sequoia Capital and Lightspeed Venture Partners also participated. Launched in 2013, Yunmanman completed US$5 million series A round from Lightspeed Venture Partners in […]

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Singapore-headquartered taxi-booking app GrabTaxi Holdings Pte Ltd has completed US$350 million series E round of financing from China's Didi Kuaidi, China Investment Corporation, existing investor Coatue Management LLC and others, according to a company announcement. The Southeast Asian company says it will use the proceeds to expand its booking services and invest in technology. Founded […]

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Immigration Department and Hospital Authority officers sent to Thailand to help Hong Kong residents affected by the Bangkok explosion have spoken with the injured and families of the deceased about issues including medical transfer and corpse handling.

It has so far been confirmed that two Hong Kong residents died and six were injured in the explosion.

Five of the injured are staying in local hospitals for treatment and one has returned to Hong Kong.

Immigration officers have helped relatives of the deceased to acquire the death certificates and relevant documents.

Some of the injured are in a stable condition and the department will co-ordinate relevant parties to help them return to Hong Kong.

Xiamen-based sex toy e-commerce platform Touch has completed RMB85 million (US$13 million) series B round of financing from China Securities International, Dingfeng Asset, Shenzhen Fortune Venture Capital Co., Ltd. and others, according to a news report posted on the company's Weibo account. Founded in 2012, Touch raised RMB50 million (US$7.8 million) series A from Shenzhen […]

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