In this episode of China Money Podcast, guest Leon Liao, gaming analyst at investment bank Jefferies & Co., speaks to our host Nina Xiang on the market plummet of Macau's gaming industry, which stocks he likes now, and what the future of the Special Administrative Region's lifeline sector will look like. Be sure to listen […]

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Hong Kong-listed software firm Kingdee International Software Group Company Limited has agreed to team up with Guosen Securities to launch a mobile Internet investment fund with an initial fundraising target of RMB1 billion (US$160 million). According to a securities filing, the fund will invest in emerging start-ups in the enterprise cloud services, Internet finance and […]

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-listed software firm Kingdee International Software Group Company Limited has agreed to team up with Guosen Securities to launch a mobile Internet investment fund with an initial fundraising target of RMB1 billion (US$160 million). According to a securities filing, the fund will invest in emerging start-ups in the enterprise cloud services, Internet finance and […]

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 high-end dinning deals platform Enjoy has completed US$15 million series C round of financing led by Sequoia Capital. IDG Capital Partners also participated, according to Chinese media reports. The company says it will use the proceeds on team expansion and product improvements. Enjoy partners with high-end restaurants in China's big cities including Beijing, Shanghai, […]

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 high-end dinning deals platform Enjoy has completed US$15 million series C round of financing led by Sequoia Capital. IDG Capital Partners also participated, according to Chinese media reports. The company says it will use the proceeds on team expansion and product improvements. Enjoy partners with high-end restaurants in China's big cities including Beijing, Shanghai, […]

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 Secretary for Justice has decided not to appeal against the decision delivered by Justice Chow on September 1 that ended the criminal contempt proceedings against 17 Occupy activists in respect of the execution of an injunction order granted earlier.

The Government will instead make fresh applications for leave to start contempt proceedings against them so the question of their liabilities for criminal contempt, if any, can be decided as soon as possible, the Department of Justice said.

Customs officers arrested a truck driver after finding 1.9 million illicit cigarettes in his vehicle at Man Kam To Control Point yesterday.

The haul was valued at $5.1 million with a duty potential of $3.6 million.

Officers inspected the truck, declared to be carrying assorted goods, and found the cigarettes inside 76 sofas.

The 47-year-old driver was arrested and the truck was impounded.

Customs today said it would continue to carry out stringent enforcement action against the smuggling of illicit cigarettes at boundary control points.

Call 2545 6182 to report suspected illicit cigarette activities.

Taiwanese financial services firm Cathay Financial Holdings Co., Ltd. says that Ant Financial has agreed to invest RMB1.2 billion (US$188.5 million) to take a 60% stake in its property insurance unit, Cathay Century Insurance Co., Ltd. In a company announcement, the two companies say they plan to cooperate closely to expand businesses in the Internet […]

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.

Hangzhou-based Kongge, a three-months-old mobile app allowing consumers to purchase miscellaneous services, has completed RMB100 million (US$16 million) series A round of financing led by DT Capital Partners. CMB International Capital Corporation Limited and Zhengjiang province-based venture capital firm In Capital also participated. Founded in June, Kongge connects people with free time and special skills […]

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.