Chinese digital media outlet Jiemian announced the completion of a series C round with a total financing of more than RMB500 million (US$71.7 million), and its valuation has increased significantly compared with before. Investors in this round include strategic investors such as China Internet Investment Fund and Shanghai Xuhui State-owned Assets Investment (Group) Co., Ltd. [...] Chinese Digital Media Outlet Jiemian Raises $71M In Series C Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
China lifted limits on industries in which the country's insurers can make equity investments and laid plans to allow insurance funds to tap private equity and venture capital investments in pilot programs.
U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors remain intent on chasing opportunities in the world's second-largest economy.
Bankers and investors fear China's push to impose national security laws on Hong Kong threatens the city's future as an international financial center. If it gets to that stage, Beijing's move will come at a cost for China's economy.
Chinese tech giant Tencent Holdings will invest $70 billion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, the company said.
The Federal Retirement Thrift Investment Board recently met to discuss the path forward for the international fund, following new demands from the White House to immediately cease implementation of a new, China-inclusive benchmark.
Venture capital-backed investments in the fintech sector have dropped to $6.1 billion across 404 deals in the first quarter of the calendar year 2020 globally, reflecting the tough going for businesses in the pandemic-induced economic downturn.
Starbucks has struck a partnership with venture capital firm Sequoia Capital China to co-invest in technology businesses in the world's second-largest economy. The coffee chain said that along with co-investments, it will look to form "commercial partnerships with next-generation food and retail technology companies."
The start of the pandemic in China resulted in a private investment crisis in that country, as January and February saw a 50-percent drop in venture capital investing in China compared to the rest of the world. Now the investment freeze is moving across Europe and the United States.
For six days in mid-January, China knew the novel coronavirus could become a deadly pandemic while it told the world there was nothing to fear, according to a report.