The domestic re-listing of Chinese online gaming operator Shanda Games Ltd. has stalled after Shenzhen-listed shell company Ningxia Zhongyincashmere International Group was sued by investors for overselling Shanda shares and improperly reducing their stakes, according to public filings (in Chinese). At least seven investors, including Shanghai Haode Asset Management and Ningxia Xiaoguang Equity Investment Partners, […]

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Shanghai-based O2O (online-to-offline) education start-up Fancy Education has completed RMB120 million (US$19 million) series B round of financing led by Chinese venture firm Zhongjinxin Fund, according to Chinese media reports. Existing investor Ameba Capital and other unnamed investors also participated. The company's website posted news of the funding round, but did not provide details. Founded […]

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Nanjing city, Jiangsu province-based rural e-commerce start-up Huitongda has completed RMB500 million (US$77 million) series A+ round of financing from Jiangsu Coastal Capital and Huaxia Life Insurance Co., Ltd., according to Chinese media reports. The round follows a RMB500 million (US$77 million) series A completed in June this year. Chinese smartphone maker Xiaomi Inc. was […]

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Nanjing city, Jiangsu province-based rural e-commerce start-up Huitongda has completed RMB500 million (US$77 million) series A+ round of financing from Jiangsu Coastal Capital and Huaxia Life Insurance Co., Ltd., according to Chinese media reports. The round follows a RMB500 million (US$77 million) series A completed in June this year. Chinese smartphone maker Xiaomi Inc. was […]

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.