Greater China-focused hedge funds was down 6.55% in August, having managed to reduce their losses as the CSI 300, Shanghai and Shenzhen composite indices declined 11.23%, 12.49% and 15.18% respectively during the same period, according to industry data tracker Eurekahedge. Greater China hedge funds preserved their gains from early 2015 and are up 3.22% for […]

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China's biggest ride share company Didi Kuaidi says it has raised US$3 billion in its latest funding round, which is a record for unlisted companies globally. In an announcement, the company reveals that China Investment Corp and Ping An Insurance Company of China are among the round's investors, but did not provide more details. In […]

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Hong Kong-based professional on-demand delivery service Lalamove has completed US$10 million series A round of financing from MindWorks Venture, AppWorks, Crystal Stream and other unnamed individuals investors. In a company announcement, Lalamove says it plans to use the proceeds to expand to 12 additional cities throughout China, from the eight cities it currently operates in. […]

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Beijing-based big data technology developer and service provider Baifendian Corporation has completed RMB400 million (US$63 million) series D financing led by Everbright Securities. The company announced at a news conference, which was reported by Chinese media. The company is in the process of dismantling its variable interest entity (VIE) structure, a method commonly used when […]

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Alibaba Group Holding Limited has teamed up with Sina Corporation and Yunfeng Capital to establish Alibaba Sports Group, which will launch new businesses in sports copyrights, sports media, events, and ticketing. According to a company announcement, Alibaba Sports Group will be majority-owned by Alibaba Group. Yunfeng Capital is co-founded by Jack Ma, Alibaba's founder and […]

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Customs officers arrested five women, aged 33 to 52, and seized more than 2,700 counterfeit goods worth $43,000 yesterday.

Officers raided two wholesale and two retail outlets in Sham Shui Po and seized counterfeit inflatable lanterns, toys and stationery.

The department advised consumers to buy from reputable shops, and reminded traders that selling infringing goods is a criminal offence.

Call 2545 6182 to report counterfeiting activities.

Customs officers yesterday arrested three men, aged 31 to 50, and seized over 30,000 pirated discs worth about $700,000 from four Wan Chai shops.

The discs were mainly Japanese cartoons and movies. Mainland and Hong Kong television dramas and movies were also found.

The Customs & Excise Department urged people to respect intellectual property rights.

To report copyright infringement call 2545 6182.

Recent media reports in Hong Kong have highlighted fraudsters from China phoning and cajoling Hong Kong residents in parting with large sums of cash. So now the Hong Kong government is taking action. Hong Kong's Office of the Communications Authority has now forced the territory's telephone operators to insert a specific "+" sign in the […]