In this episode of China Money Podcast, guest Roger Wu, a partner at consumer-oriented private equity firm Maison Capital, spoke to our host Nina Xiang on China's O2O (online-to-offline) bubble and the firm's investment in a Chinese healthcare device maker. Don't forget to subscribe to China Money Podcast for free in the iTunes store, or […]
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LeVR, an virtual reality (VR) affiliate of Chinese internet company LeEco, is raising a new round of financing of over RMB300 million (US$46 million), according to Chinese media reports. A unit of China Bridge Capital is reportedly the lead investor in the round, which values LeVR at over RMB3 billion. If completed, the financing round […]
Mango TV, the online video platform of Hunan Satellite TV, has completed a RMB1.5 billion (US$228 million) new funding round with a post-money valuation of RMB13.5 billion (US$2 billion), according to Caixin Media. The investors in the round are not disclosed, but they include several state-owned private equity funds, according to the Caixin article. The […]
IDG Capital Partners had led a US$60 million new strategic financing round in U.S. payment app Circle, with an aim to help the company expand in China. Breyer Capital, Baidu Inc., CICC Alpha, China Everbright Ltd., Chinese auto parts maker Wanxiang Group Corporation and Internet finance firm CreditEase also participated in the round. The company […]
The Canada Pension Plan Investment Board (CPPIB) has appointed Alain Carrier (pictured) as senior managing director and head of international. Suyi Kim has been named managing director, head of Asia and will report to Carrier. Carrier will be responsible for CPPIB’s international investment activities and will also continue as head of Europe. He has been […]
Over 75% of China's netizens have ordered food online or via mobile apps, up from 35% two years ago, says a new research report by Tencent Holdings Ltd. In comparison, the penetration rate for online food delivery in the U.S. is at around 5%, according to a recent Morgan Stanley research report. The convenience of […]
A new wave of Internet finance is raging across university campuses in China. More and more female students are borrowing money with nude photos or videos as collateral. Any female students can apply for quick loans ranging RMB500 (US$76) to RMB50,000 (US$7,603) if she supplies all the documents, including nude photos or videos while holding […]
Spring Rain Software Co. Ltd., a Beijing-based mobile healthcare app maker backed by China International Capital Corporation Limited (CICC) and other investors, has reportedly completed a RMB1.2 billion (US$183 million) pre-IPO round and is preparing for an initial public offering. The company, also known as Chunyu Yisheng in Chinese, is planning to spin out its […]