Chinese investors poured a record US$1.1 billion across 21 deals into digital health start-ups, including those in the mobile fitness, patient-doctor communication and online drug store sectors, according to data from CB Insights. The total investment value has already surpassed that for the whole year of 2015, and the number is projected to reach US$2.2 […]
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LeEco’s smart car business has taken a solid step forward, as the company and the Zhejiang provincial government jointly announced plans to build a car plant and an automobile tourism destination with an expected RMB20 billion (US$3 billion) total investment. The project, to be located in a mountainous area named Moganshan in Zhejiang in eastern […]
Didi Chuxing, China’s largest ride share company, says it has launched its own online car rental business through an asset-light model in cooperation with existing leasing companies, says a company announcement. This is DiDi’s latest step to build upon its taxi and car hauling services, following previous expansions into auto repair and online car sales. […]
Chinese regulators are considering new rules to cap P2P (peer-to-peer) lending in order to control risk and protect investors, eight months after it initiated a campaign to “clean up” faulty P2P lenders, according to Chinese media reports. An individual lender can provide loans of no more than RMB200,000 (US$29.976) on one P2P platform, and can […]
China’s insurance regulator voiced concerns over Chinese insurers’ aggressive moves in the country’s stock market, signaling that stricter control measures might be in the works. Insurance companies are risk managers, not risk creators, said Xiang Junbo, the chairman of China Insurance Regulatory Commission (CIRC), during an annual insurance development conference yesterday. Xiang warned that the […]
Chinese investors dominated Asian real estate outbound investment in the first half, accounting for 60%, or US$16.1 billion, of total investment, according to data released by CBRE. The total transaction value of China’s outbound investment in real estate more than doubled year-on-year, up from US$7.3 billion recorded for the first half 2015. Insurance firms were […]
China intends to further tighten control over the country’s digital news and content websites with stricter requirements, after several earlier …… 
Greater China-focused hedge funds were down 4.70% during the first seven months, shrinking its losses for the year and beating the CSI 300 Index, which was down 14.13% during the same period, according to data tracker Eurekahedge. Asia ex-Japan managers were up 0.48%, while North American hedge fund managers lead the tables, up 3.87% during […]
Chinese tech companies are saving every penny by laying off staff and reining costs, hoping to survive a sustained tough venture environment some investors are expecting to last until the end of 2017 or beyond. The companies being impacted include tech unicorns such as smartphone maker Xiaomi Inc. and Meituan Dianping, as well as new […]