Shanghai Beat

Updates from December, 2018 Toggle Comment Threads | Keyboard Shortcuts

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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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  Eudora Wang 5:28 pm on December 11, 2018 Permalink  

  China’s Court Bans iPhone Sales Due To Its Patent Dispute With Qualcomm 

  

  A court in southeastern China’s Fujian province has issued a ban in the country on most iPhone sales due to a patent dispute between the U.S. chipmaker Qualcomm and Apple, according to a Qualcomm statement released on Monday. The Fuzhou Intermediate People’s Court in China has granted Qualcomm’s request for two "preliminary injunctions" against four […]

  China’s Court Bans iPhone Sales Due To Its Patent Dispute With Qualcomm appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 12:08 pm on December 6, 2018 Permalink  

  Renowned Chinese Physicist And Founder Of Danhua Capital Zhang Shoucheng Commits Suicide 

  

  Zhang Shoucheng, a renowned Chinese physicist and founding chairman of venture capital firm Danhua Capital, passed away on December 1 at the age of 55 after "fighting a battle with depression", according to a statement issued by Zhang’s family on December 6. "We are heartbroken to inform you that our beloved Shoucheng passed away unexpectedly […]

  Renowned Chinese Physicist And Founder Of Danhua Capital Zhang Shoucheng Commits Suicide appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 12:45 pm on December 4, 2018 Permalink  

  China Turns Out Most Patent Applications Globally For Seventh Year In A Row 

  

  China has accounted for around 40% out of a total 3.17 million patent applications submitted worldwide last year, topping the list for the seventh consecutive year, according to a report released by World Intellectual Property Organization (WIPO). The United States came in second, having submitted around 610,000 applications, followed by Japan with around 320,000. The total […]

  China Turns Out Most Patent Applications Globally For Seventh Year In A Row appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 3:47 pm on November 23, 2018 Permalink  

  China’s Youth-Targeted Rental Service Provider E+ Youth Apartment Raises $14M In Series A Round 

  

  E+ Youth Apartment, a Chinese youth-targeted apartment rental service provider, has raised nearly RMB100 million (US$14.41 million) in series A round of financing from Chinese investment firm Pengwan Investment, the spokesperson of E+ Youth Apartment told China Money Network today. The China’s rental housing market is expected to exceed RMB3 trillion (US$440 billion) by 2025, […]

  China’s Youth-Targeted Rental Service Provider E+ Youth Apartment Raises $14M In Series A Round appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Eudora Wang 11:56 am on November 21, 2018 Permalink  

  China’s Real-Time Communication Service Provider Agora Secures $70M In Series C Financing Round 

  

  Chinese voice, video and live broadcasting platform Agora.io, the real-time communication service provider of smartphone maker Xiaomi, has closed a US$70 million series C financing round, led by technology-focused investor Coatue Management. The latest round of fundraising has brought the company’s total capital raised till date to US$125 million. The company’s existing investors, including SIG, Morningside Venture […]

  China’s Real-Time Communication Service Provider Agora Secures $70M In Series C Financing Round appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 6:31 pm on November 16, 2018 Permalink  

  Alibaba-Backed EV Maker Xpeng Motors To Begin Selling First Electric SUV In December 

  

  Xpeng Motors, a Chinese electronic vehicle maker backed by Alibaba Group, sets to put its first intelligent pure electric SUV model, Xpeng G3, on sales in December in Guangzhou, according to a WeChat announcement. The fully electric, five-seat compact SUV will have a price range between RMB200,000 to RMB280,000 before factoring in government subsidies, While […]

  Alibaba-Backed EV Maker Xpeng Motors To Begin Selling First Electric SUV In December appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 11:14 am on November 16, 2018 Permalink  

  China’s Private Equity Fund BMC Europe Buys Out German Rayon Maker Cordenka GmbH For $272M 

  

  BMC Europe, a private equity fund managed by Shanghai International Group (SIG) and backed by Shanghai government, has acquired German rayon maker Cordenka GmbH for 240 million euros (US$272 million). The deal, sold by European private equity firm Chequers Capital, has received consent from Chinese and German authorities, making it BMC Europe Fund’s first acquisition since its launch […]

  China’s Private Equity Fund BMC Europe Buys Out German Rayon Maker Cordenka GmbH For $272M appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Violet Tang 3:53 pm on November 15, 2018 Permalink  

  Chinese Smartphone Maker Xiaomi’s £1 Flash Sale Enrages UK Consumers 

  

  Chinese smartphone maker Xiaomi Inc.’s one pound flash sales has come under heavy criticism in the United Kingdom as the customers took to social media to accuse the company of misleading and using clickbait tactics to promote its products. Xiaomi as a promotional strategy had launched a "Crazy Deals" offer on November 8 before changing it to […]

  Chinese Smartphone Maker Xiaomi’s £1 Flash Sale Enrages UK Consumers appeared first on China Money Network.

  Read the original article: China Money Network

   
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  Sophy Yang 4:07 pm on November 12, 2018 Permalink  

  China’s 2,041 Government Guidance Funds Size Reaches $530B: Report 

  

  China registered a whooping 2,041 government guidance funds with a total fundraising size of RMB3.7 trillion (US$ 530 billion) as of October 2018, falling short of the targeted fund accumulation of RMB11.8 trillion (US$1.7 trillion), according to a report by China Center For Financial Research and financial advisory agency MyFP. The government-backed investment funds have experienced explosive […]

  China’s 2,041 Government Guidance Funds Size Reaches $530B: Report appeared first on China Money Network.

  Read the original article: China Money Network