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China Mobile hails 'money-saving' plan to share 5G network costs #5G 

RCMP say a money-laundering network with hubs in Montreal and Toronto moved drug money around the world — with contacts in Iran, Dubai, Lebanon, Mexico, Colombia and China

MOST READ OF THE DAY | OPINION It is no longer a matter of if, but when China will have its own domestic supply chain, argues finance and tech watcher Nina Xiang, founder of China Money Network.

China-based Miaoshou Doctor, which provides telehealth services and operates an online pharmaceuticals marketplace, raises ~$84M Series D (China Money Network)

Chinese AI company CloudWalk Technology raises ~$253M from investors including the China Internet Investment Fund and participants like ICBC and Haier Capital (China Money Network)

Non-Covid sports news. Man City owners announce acquisition of Lommel SK of Belgian 2nd division. Becomes 9th team in City Football Group network of clubs. European acquisitions are more about player development than the money-making, brand-building efforts in US, China, India

For now, the Blue Dot Network, a U.S.-led development scheme, is just a vision statement, lacking the vast amounts of money and feverish pace of construction that China has realized with the Belt and Road.

For now, the Blue Dot Network, a U.S.-led development scheme, is just a vision statement, lacking the vast amounts of money and feverish pace of construction that China has realized with the Belt and Road.

CIA says Huawei funded by Chinese state security; U.S. intelligence says that Huawei has taken money from the People’s Liberation Army, China’s Nat'l Security Commission & a third branch of the Chinese state intelligence network: UK source. /via

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Huge misinformation being spewed on Apple warning even after the public hard from Tim Cook on one network. Cook put major share of blame on China economy and the economic impact not some kind of boycotts from the trade battle. Apple has become a rudderless ship with lots of money

Alphabet's Waymo set up a Shanghai-based subsidiary called Huimo Business Consulting on May 22 with $508,854 in registered capital (Yimian Wu / China Money Network)

Unisound, a Beijing-based voice recognition, language processing, and big data startup, raises $100M Series C as it is about to release its own AI chip (Yimian Wu / China Money Network)

Alibaba to buy all remaining outstanding shares of Chinese food delivery service Ele․me at a $9.5B valuation (Li Dongmei / China Money Network)

Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba (Yimian Wu / China Money Network)

Chinese anime-streaming platform Bilibili files for $400M US IPO, says its revenue increased from $80.4M in 2016 to $379.4M in 2017 and it had 72M MAUs in Q4 (Nina Xiang / China Money Network)

Didi Chuxing to fully acquire third-party payment firm 19Pay for $45M in a bid to expand into financial services ( / China Money Network)

Chinese AI chipmaker ThinkForce raises $68M Series A from Sequoia Capital China, Jack Ma-backed Yunfeng Capital, and others (Yimian Wu / China Money Network)

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