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  Violet Tang 6:00 pm on December 12, 2018 Permalink  

  Legend Capital Leads Series C Round Into China’s Testing Services Provider Safe Medical Evaluation 

  

  Safe Pharmaceutical Research Institute Co., the Beijing-based drug developer and safety testing services provider, has finished a series C round, led by Legend Capital, the China-based venture capital firm formed by conglomerate Legend Holdings. Financial terms of the round are yet be be disclosed. Founded in 2016, the company, also known as Safe Medical Evaluation, is […]

  Legend Capital Leads Series C Round Into China’s Testing Services Provider Safe Medical Evaluation appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 5:17 pm on December 12, 2018 Permalink  

  WeChat, Shenzhen Tax Bureau Launch Blockchain-Powered Electronic Invoices 

  

  Southeastern China metropolis Shenzhen has become the first city in the country to launch blockchain-powered electronic invoices, enabling merchants and customers to issue or receive invoices through a few clicks on China’s "everything app" WeChat. The electronic invoices, or known as "fapiao" in China, are official invoices issued by the Chinese tax bureau and provided […]

  WeChat, Shenzhen Tax Bureau Launch Blockchain-Powered Electronic Invoices appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Katherine Guo 5:12 pm on December 12, 2018 Permalink  

  DealShot: Plum Ventures Joins Pre-A Round In Chinese STEM Education Firm Robobloq 

  

  China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.

  DealShot: Plum Ventures Joins Pre-A Round In Chinese STEM Education Firm Robobloq appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 3:35 pm on December 12, 2018 Permalink  

  Alibaba and SoftBank’s Vision Fund Co-Lead $1.1B Into Indonesia’s E-Commerce Firm Tokopedia 

  

  PT Tokopedia, Indonesia’s Taobao, has completed US$1.1 billion, led by SoftBank Group Corp’s Vision Fund and Alibaba Group Holding, with participation from Softbank Ventures Korea, according to a company announcement today. The e-commerce unicorn is valued at about US$7 billion after the round, becoming the country’s most valuable startup. After the round of financing, the […]

  Alibaba and SoftBank’s Vision Fund Co-Lead $1.1B Into Indonesia’s E-Commerce Firm Tokopedia appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 12:41 pm on December 12, 2018 Permalink  

  China’s Luckin Coffee Nets $200M Series B Round To Hit $2.2B Valuation 

  

  Chinese coffee chain stores operator Luckin Coffee has secured a US$200 million series B round of financing from several investors including China’s Joy Capital, Centurium Capital, Singapore’s sovereign wealth fund GIC and China’s investment banking firm China International Capital Corporation Limited. Luckin Coffee, which reached a unicorn valuation of US$1 billion after its series A […]

  China’s Luckin Coffee Nets $200M Series B Round To Hit $2.2B Valuation appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 11:55 am on December 12, 2018 Permalink  

  Citibank, HSBC Grant Credit Financing To China’s Cross-Border E-Commerce Firm Dolphin 

  

  Shenzhen Dolphin Cross Border Technology Co., a Chinese cross-border online shopping supply chain services provider, has inked a strategic partnership with several commercial banking firms including Citibank and HSBC to obtain a total of tens of millions of U.S. dollars of granted credit, said Dolphin in a statement released on December 10. The strategic partnership […]

  Citibank, HSBC Grant Credit Financing To China’s Cross-Border E-Commerce Firm Dolphin appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 11:44 am on December 12, 2018 Permalink  

  Warburg Pincus and Hande Group To Invest $1B In New Joint Venture For Special Situations Real Estate Opportunities in China 

  

  Warburg Pincus and Hande Group will tie up to establish a corporate joint venture to pursue special situations investment in real estate projects in China. Under a strategic partnership agreement, the total commitment of the joint venture will be US$1 billion, and it targets to reach an assets under management (AUM) of US$5 billion within […]

  Warburg Pincus and Hande Group To Invest $1B In New Joint Venture For Special Situations Real Estate Opportunities in China appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Dehua Wang 11:32 am on December 12, 2018 Permalink  

  Banks In Provinces With Smaller GDP Struggle With Higher Bad Debt 

  

  Banks at Chinese provinces with smaller GDP sizes are suffering faster accumulation of bad debt, putting additional pressure to these regions that are already grappling with enormous economic challenges.  As of the end of the third quarter this year, non-performing loan (NPL) ratios of banks in Jilin and Gansu provinces were above 4%. NPL ratios […]

  Banks In Provinces With Smaller GDP Struggle With Higher Bad Debt appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 10:50 am on December 12, 2018 Permalink  

  Chinese Investment Firm Grano Yangtze Launches $87M Eighth Fund Aimed At Emerging Sectors 

  

  Chinese investment firm Grano Yangtze Capital has kicked off a new RMB600 million (US$87.22 million) Yangtze Jiyuan fund to invest into healthcare, advanced manufacturing, and intelligent technology sectors in China, according to a December 10 announcement. The new fund is denominated in RMB and has a managing period of six years. Established in 2007, Shanghai-based […]

  Chinese Investment Firm Grano Yangtze Launches $87M Eighth Fund Aimed At Emerging Sectors appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 8:35 pm on December 11, 2018 Permalink  

  China’s Food E-Commerce Firm Xianlife Gets Investment From AI Firm Face++ 

  

  Beijing Xianlife E-Commerce Co., a Chinese business-to-consumer (B2C) food e-commerce firm, has secured a new round of financing from a strategic investor Face++ and a South Korea consortium, Xianlife announced today during a press conference in Beijing. Xianlife did not disclose the financial details of the new round, only said that it has received tens […]

  China’s Food E-Commerce Firm Xianlife Gets Investment From AI Firm Face++ appeared first on China Money Network.

  Read the original article: China Money Network