Chinese venture capital and private equity firms have assets totaling more than 7 trillion yuan ($1.02 trillion) under management this year, and the amount will exceed 10 trillion yuan in 2020, according to the chief of Zero2IPO Group.
Megvii Inc, a Chinese developer of facial-recognition technology, has raised at least $100 million from investors, including Foxconn Technology Group and CCB International Holdings Ltd, according to people with direct knowledge of the matter.
Beijing-based chip giant Tsinghua Unigroup Ltd said on Tuesday it is planning to launch a 50 billion yuan ($7 billion) fund to promote cross-Straits economic ties, after its investment proposal to invest in firms in Taiwan province ran into trouble.
China's insurers are keen to step up overseas investments in the next five years, a survey has found.
Time-honored household brand names from Europe and North America have become profitable after being acquired by Goodbaby Group, China's largest manufacturer and retailer of baby-care products.
Yankuang Group, Shandong province's largest State-owned coal company, will continue to shut down outdated capacity and develop clean coal technologies to cope with a fluctuating market, according to its top executive.
China Three Gorges Corp and SDIC Power Holdings Co are among companies bidding for Canadian renewable energy producer Northland Power Inc, according to people familiar with the matter.
HSBC Holdings Plc plans to step up hiring in China for its retail and wealth business next year, as the UK lender persists with its expansion there.
A new direct flight between Las Vegas and Beijing was launched on Friday, linking the "entertainment capital of the world" with the Chinese mainland for the first time.
After five years of falling revenue, forecourts overcrowded with unsold machinery and idle factories, China's push to build a modern-day Silk Road is fueling a recovery for the country's heavy equipment industry, according to executives from many companies gathered in Shanghai in late November.
More than three quarters of $46 billion in planned Chinese-led investments in Pakistan will be implemented by next year as part of the world's second-largest economy's flagship Belt and Road Initiative.
The China-led Asian Infrastructure Investment Bank is looking to hire fixed-income management companies to help invest its billion of dollars of spare funds. But don't bother applying unless your company has some serious credentials.
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