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Li Dongmei

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Homepage: http://www.chinamoneynetwork.com

Chinese venture capital firm Gaorong Capital has raised US$500 million for its fourth U.S. dollar fund. The new fund came after the firm closed a RMB560 million third RMB-denominated fund in May this year. The firm now manages around US$2.2 billion,...

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Zebra Global Capital, a Beijing-based private equity fund founded by the founder of Qunar.com, just completed raising its second fund. The new fund brings its total asset-under-management to approximately US$2 billion, the firm announced today. U.S. university...

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Morningside Venture Capital has raised a new U.S. dollar fund with total capital commitment of over US$1 billion, the firm announced today. Similar to its previously U.S. dollar funds, the new fund will continue to back Chinese early-stage tech start-ups in...

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China’s pet economy is estimated to be around RMB170 billion (US$25 billion) in 2018. With an expected 10-year compound annual growth rate of 32.8% and low penetration among the Chinese populace, strong market growth is expected and entrepreneurs are taking actions....

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Chinese ride sharing giant Didi Chuxing is rumored to be acquiring bike sharing firm Ofo for around US$2 billion, said a Chinese media report citing a leaked document. Embattled Ofo has been reportedly in deal talks with different parties for the past many...

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China’s distressed debt market is cooling rapidly as investors retreat because of tightened capital market conditions. Bad loan supplies continue to rise, helping to tilt the power balance toward buyers. Beijing’s policy to strengthen financial supervision and de-leverage is causing liquidity to tighten significantly. For...

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China Money Network today announced a groundbreaking research on China’s artificial intelligence industry: China AI Top 50 ranking. China Money Network unveiled the much anticipated ranking today during a press conference held at the Annual Meeting of the New Champions at...

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Chinese rocket start-up iSpace, backed by Matrix Partners China, has successfully launched its Hyperbolic No. 1 (SQX-1Z) commercial sub-orbital rocket at China’s Jiuquan Satellite Launch Center this afternoon. This is the first time a private space company has ever conducted a launch in China’s national...

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Chinese one-stop healthcare platform Ping An Good Doctor (HK: 01833) has entered into a subscription agreement with Grab for a joint venture in Southeast Asia, the firm announced today. The joint venture will be primarily engaged in one-stop healthcare services in Southeast Asia on a mobile platform....

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Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year. Users...

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