Guangzhou-based runner mobile app JoyRun has completed US$18 million series B round of financing led by the Arena Capital. The company says it will use the proceeds on technical improvements, expand its events business and monetization. Founded in 2014, JoyRun's mobile app allows users to find running partners, share run stats, network with each other […]

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.

Legend Capital, the venture capital arm of Legend Holdings, has applied to list on China's National Equities Exchange and Quotation (NEEQ), or the New Third Board, according to a regulatory filing. The move follows that of numerous Chinese venture and private equity firms that have applied to list on the NEEQ, including Tiantu Capital, CITIC […]

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.

Financial companies will increase pay by 5% in Hong Kong and mainland China, and will pay six months salaries as bonus in 2016, despite industry-wide cost cutting, according to estimates released by consulting firm Pretium Partners Asia Limited. Pretium's research shows that regional and local firms are more aggressive than their international counterparts in terms […]

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.

Adams Street Partners has announced that Yar-Ping Soo, a Partner in the firm since 2010, will assume the additional responsibility of leading the firm’s Asian investment team, after successor Piau-Voon Wang became a senior adviser to the firm, says an announcement. Woo will take her new role in the fourth quarter of 2015. Adams Street […]

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.

Dairy giant Danone SA has reached a final agreement to sell its struggling Dumex unit in China to Hong Kong-listed Chinese dairy firm Yashili International Holdings Ltd. for €150 million ($159 million), says a company announcement. The news follows a release issued by Danone in July this year, announcing the conclusion of a preliminary agreement […]

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.

Dairy giant Danone SA has reached a final agreement to sell its struggling Dumex unit in China to Hong Kong-listed Chinese dairy firm Yashili International Holdings Ltd. for €150 million ($159 million), says a company announcement. The news follows a release issued by Danone in July this year, announcing the conclusion of a preliminary agreement […]

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 biotech firm Ascletis has received US$20 million from Goldman Sachs, bringing the company's total fundraising to US$55 million, according to a company announcement. Ascletis received its first round of US$35 million investment led by C-Bridge Capital, Tasly Pharmaceutical and Pavilion Capital. The company says it will use the latest round's proceeds on strengthening its […]

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 biotech firm Ascletis has received US$20 million from Goldman Sachs, bringing the company's total fundraising to US$55 million, according to a company announcement. Ascletis received its first round of US$35 million investment led by C-Bridge Capital, Tasly Pharmaceutical and Pavilion Capital. The company says it will use the latest round's proceeds on strengthening its […]

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.