Houbank, a Chinese online peer-to-peer (P2P) lending platform that counts Sequoia Capital China as a major shareholder, has been put on file for investigation and prosecution of alleged “illegal absorbing public deposits,” the municipal public security……

CDIB Capital, a private equity company primarily investing in cross-market businesses in the Asia Pacific, has hired Alex Ying, former managing director at The Carlyle Group and founder of China-focused Rivendell Partners, as the head of the company&#8……

Chinese artificial intelligence (AI) unicorn Megvii, the developer of facial recognition software Face++ used widely across China, is filing documents for an initial public offering (IPO) in Hong Kong. The company could raise as much as US$1 billion, s……

Chinese electric vehicle start-up NIO is starting another round of layoff as its car sales have plummeted. Due to challenges of car quality, recalls, and dwindling sales, NIO will lay off 1,200 staff by the end of September. After that, its total numbe……

Liu Chuanzhi, the founder of Chinese tech company Lenova Group, said in a recent speech that the U.S. is forcing China to decouple from the world. He called on Chinese entrepreneurs to fight against such effort, and continue to open up, integrate with ……

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: Chinese Shop……

This article by WEI SHENG originally appeared on TechNode, the leading English authority on technology in China. Huawei on Friday unveiled its long-awaited self-developed operating system HarmonyOS on its smart television product, but it may not be an ……

Hinova Pharma, a novel drug developer based in southwestern China’s Chengdu city, announced on Monday the completion of a US$40 million series B round of financing led by healthcare-focused private equity fund Hermed Capital and Chinese listed ph……

Gobi Partners, a Chinese venture capital firm with over US$1.1 billion in assets under management (AUM), announced on Tuesday that it has led a US$10.6 million series B funding round of Malaysian e-commerce and parcel delivery start-up EasyParcel. Gobi……

Singapore-based property developer CapitaLand Limited has reached the first closing of its debut China-focused discretionary real estate debt fund “CREDO I China” at US$556 million, said CapitaLand in a statement released on Wednesday. The US$556 milli……