Alibaba plans to dominate the smart e-commerce sector

Alibaba has made another investment in the Chinese retail market, this time into a vending machine manufacturer. Alibaba affiliate Ant Financial said that it had invested Rmb1.2 billion $169 million in Beijing-based Ubox Online. Primavera Capital also participated in the round, contributing about Rmb400 million $56 million to the funding. Proceeds Continue Reading

Q&A: How Ping An can nurture tech startups

Traditional Chinese corporates are gradually increasing their investment in tech startups, hoping to be ahead of the game. As China’s largest insurer by market value, Ping An Insurance Group has technology development as its core focus. And it wants to use capital to achieve this goal. In an exclusive interview Continue Reading

The race to sell insurance via social media

Social media giant Tencent has led an Rmb200 million $28 million Series B investment in Xiaobang Guihua an insurance advisory service platform on WeChat. Existing shareholders including Sequoia, Bluerun Ventures and Reinsurance Group of America joined the round. They also invested in Xiaobang Guihua’s Series A round in November last Continue Reading

HK protests set to stress-test China’s priorities

There was a cold rationale behind China’s top leaders authorising its military to violently crush pro-democracy protestors in Tiananmen Square on July 4, 1989 no cost was too high to maintain control. Hundreds were killed, and the international backlash was so severe that China’s rulers have attempted to internally suppress all Continue Reading

Terminus' growth supports development of smart city

Chinese e-commerce and artificial intelligence companies are doubling down on the future to connect every device.  Internet of Things IoT startup Terminus Technologies has completed the first round of its Series C fundraising at total Rmb 2 billion $283 million. China Everbright Limited led the round and remains a controlling shareholder. Continue Reading

Chinese e-commerce giants battle for offline advertising market

The battle for online traffic between Chinese internet giants has gone offline. Xinchao Media Group said on last Friday that it had received an Rmb1 billion $141 million strategic investment from JD.com. This is the second strategic investment for the elevator TV provider within 10 months. In November last year, Baidu Continue Reading

Q&A: China Renaissance's Bao Fan calls for greater investor protection on STAR Market

Broad class-action lawsuits resulting in big fines would boost investors’ confidence in China’s newly established Sci-Tech Innovation Board STAR Market said Bao Fan, chief executive of China Renaissance during an interview with FinanceAsia. China does allow class-action lawsuits but claimants generally number in the hundreds, whereas in the US investors may have Continue Reading