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P2B Online Lending Platform PPmoney Completes RMB 600 Mln Series C Funding

PPmoney, 7/14/18

Guangzhou-based Wanhui Investment Management (430705.NEEQ), operator of P2B online lending platform PPmoney, recently announced the completion of RMB 600 mln in Series C funding from Guoneng Jinhui Asset Management, Huiyin Deqing Equity Investment Fund Management, Mingtai Capital, and Guotai Daohe Technology. Read More

Rumor: China's Banking Regulator to Consolidate Micro Lending Industry

International Financial News, 11/22/17

The Financial Stability and Growth Committee of China's State Council, the country's cabinet, has instructed the China Banking Regulatory Commission (CBRC) to clean up and rectify the online lending market, according to an industry insider cited by International Financial News. Read More

Campus O2O Service Provider Anlaiye Wins RMB 200 Mln Series A+

iYiou, 1/23/16

Shanghai-based Anlaiye (formerly Smile Trading), operator of campus convenience store O2O service platform "I'm Coming," has completed RMB 200 mln Series A+ funding, according to company founder Sun Shaorui. Read More

Baidu, Taikang Life Insurance Lead USD 200 Mln Series C in E-tailer Womai

Tencent Finance, 10/12/15

Chinese state-owned food manufacturer and cross-border food and oil merchant COFCO Corporation, operator of fresh food B2C e-commerce site Womai, recently announced that it has completed USD 200 mln Series C funding led by Chinese Internet company Baidu (Nasdaq: BIDU) and Taikang Life Insurance. Read More

China Mobile to Start Accepting Bids for Cloud Tender

C114, 9/12/12

China Mobile (NYSE: CHL; 0941.HK) will begin accepting bids for its upcoming "private cloud" project in the near future. Read More

SARFT Resubmits Plans for National Cable TV Operator

Southern Metropolitan News, 9/27/11

China's State Administration of Radio, Film and Television (SARFT) has submitted a new proposal to China's State Council to establish a consolidated national cable TV operator "China Radio and Television Network" as a commercially-oriented state-owned enterprise (SOE) under State-owned Assets Supervision and Administration Commission (SASAC). Read More

Rumor: China Broadcasting Corporation Prepares to IPO

Tencent Tech, 6/16/11

National CMMB mobile phone TV operator China Broadcasting Corporation (CBC) is reportedly making plans to IPO. Read More

CEC to Sell Off Stake in China Cable Network

Shanghai Securities News, 5/06/08

The China Electronics Corporation (CEC) has put its 45% stake in China Cable Network Company Ltd up for sale on the China Beijing Equity Exchange (CBEX), with an RMB 450 mln price tag - a similar price to that it originally paid. Read More

New MII Tasked with SOE Restructuring

Sohu IT, 4/02/08

The State Council has clarified the main responsibilities for the new Ministry of Industry and Information (MII). Read More

Chinese Telecom Stocks Spike on 3G Implementation News

China Business News, 12/28/07

Although the State Council has only passed a program for implementation of next-generation wireless mobile communications networks, many in the investment sector are interpreting this as approval for 3G implementation, leading to a jump in share prices for 3G firms. Read More