The approval marks the latest step toward linking the financial hub of Hong Kong with rapid development in the mainland.
51Shebao, founded in 2014, closed a $4-million series A round in 2015. The firm will use the fresh funding to expand its team and on product improveme
For an e-commerce startup with high burn rate, the gap between the latest two venture rounds has taken longer than the fundraising momentum Beibei.com
The company will invest in about 30 movies, including animated, live action and other films targeted at younger audiences.
IPOs & Markets
IMAX Corporation and IMAX China have announced the completion of their $50-million IMAX China Film Fund while China's Shanda Group invests $15 million
The deal would give a much needed boost to IPO activity in Hong Kong, which ranked as the top destination for new listings in the world last year, add
Fenqile has secured a US$235m Series D investment in a round led by Huasheng Capital.
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