Even though Apple Inc. still shies away from publicly acknowledging its ambitions to build a car, Chinese Internet giants are all-in on the hottest sector of the future: smart vehicles. Baidu Inc. established a self-driving business unit in December 2015. The Chinese search engine firm has set a goal of reaching commercial application of 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.
Neil Shen, founding managing partner of Sequoia Capital China, Hugo Shong, founding partner of IDG Capital Partners, and Hony Capital's chief executive officer John Zhao are among dozens of well-known venture and private equity fund managers given exceptional certifications without having to pass a required official qualification exam. The Asset Management Association of China (AMAC) […]
CITIC Capital Partners Ltd. has agreed to sell all of the 67.1% stake of Japanese heavy-duty packaging material firm Tri-Wall Holdings Ltd. to a Japanese corporate buyer, according to an announcement. Financial details of the deal were not disclosed. The sale is expected to be completed in October. Since investing in Tri-Wall for an undisclosed […]