Shanghai, China, June 1, 2016 /ChinaNewswire.com/ – AccorHotels announces the opening of three new hotels under the Pullman, Novotel and Mercure branding with Wanda Group in Nanchang, as a key development of the Nanchang Wanda Cultural Tourism City, which is the largest investment project in three decades in Jiangxi Province. Pullman, Novotel and Mercure Nanchang … Continue reading "Nanchang triple hotel opening breaks new ground for AccorHotels in China’s Jiangxi Province"
2016-06-01
Zhang Lei, chief executive and chairman of the US$20 billion-under-management Hillhouse Capital Management Group, says he is optimistic about China's services sector and investment opportunities arising from inter-Asia growth. The founder of Hillhouse Capital, one of the largest – if not the largest – local Chinese venture and private equity investment firms, made the comment […]
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2016-06-01
Alibaba Group Holding Ltd. has invested around US$5.3 million in Twiggle, an Israeli startup developing a new e-commerce search engine, according to media reports. The Chinese Internet giant's investment is part of Twiggle's series A round, which amounts to nearly US$20 million from backers including Naspers and Yahoo Japan. Twiggle says it will use the […]
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2016-06-01
A Chinese virtual reality (VR) company has jointly established a RMB200 million (US$30 million) industry M&A fund with an asset management firm in Wuhan city to back VR content producers, according to Chinese media reports. Shenlinqijing, a VR exhibition and experience center listed on China's New Third Board, hopes to combine more high quality VR […]
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2016-06-01
Haitong Capital has led an undisclosed investment in Juooo.com, a Shenzhen-based stage performance company, according to Chinese media reports. The investment totals around several hundred million RMB, according to the reports, and follows increasing investor enthusiasm in the entertainment, film and sports sectors in China. "The stage performance sector in China is still in 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.