LeEco’s problems lie with management, says Sun Hongbin
Investing in LeEco remains logical, but the biggest problem with the company lies in its management, said Sun Hongbin, chairman of Sunac China, which had earlier invested in the company.
Evergrande introduces US$9.04bln third round investment
The Evergrande Group, China’s second-largest property developer by sales, said in an announcement that its indirect subsidiary Evergrande Real Estate has signed a capital increase agreement with six strategic investors to introduce a 60-billion-yuan third round investment, Yicai.com reported.
Kweichow Moutai limits production increase of Maotai liquor
Kweichow Moutai, the Chinese producer and seller of Maotai liquor, announced its sales plan for the year ahead on Monday, Yicai.com reported.
Gelonghui completes US$30.15mln in Series A financing
The Chinese online overseas investment publication Gelonghui recently secured 200 million yuan (US$30.15 million) in Series A financing, Tencent Technology reported on Monday. The latest valuation of the company was two billion yuan after the financing.