LATEST UPDATES

C-Bridge Capital Leads $35M New Round In Ascletis

C-Bridge Capital Leads $35M New Round In Ascletis

By Staff Writer | September 3, 2015

Chinese pharmaceutical start-up Ascletis has completed RMB220 million (US$35 million) new round of financing led by C-Bridge Capital, according to a company announcement.

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Financial Stability Is Key Behind China's Market Intervention

Financial Stability Is Key Behind China's Market Intervention

September 2, 2015

The author is James McCormack, global head of sovereigns at Fitch Ratings Much Western criticism of Chinese policy responses to the equity market sell-off as clumsy and ineffective misreads critical points on China. Common views expressed are that Chinese officials don’t fully understand how markets operate, are manipulating the market

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Wanda Cinema To Acquire 20% Of Venture-Backed Mtime Holdings

Wanda Cinema To Acquire 20% Of Venture-Backed Mtime Holdings

By Staff Writer | September 2, 2015

Shenzhen-listed Wanda Cinema Line Corp has agreed to acquire 20% of Chinese online movie ticketing company Mtime Holdings, Ltd. for an undisclosed amount, in a bid to create an entertainment O2O (online-to-offline) giant, according to a securities filing.

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Venture-Backed Light Chaser Animation Teams Up With Alibaba Pictures

Venture-Backed Light Chaser Animation Teams Up With Alibaba Pictures

By Staff Writer | September 2, 2015

Beijing-based animation start-up Light Chaser Animation, backed by GGV Capital, ChengWei Venture Fund, Hillhouse Capital and IDG Capital Partners, has reached an agreement with Alibaba Pictures to distribute and co-finance its first animated movie, according to a company announcement.

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CITIC Capital Appoints Zhang Haipeng As Healthcare Investment Chief

CITIC Capital Appoints Zhang Haipeng As Healthcare Investment Chief

By Staff Writer | September 2, 2015

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has appointed Dr. Zhang Haipeng as a senior managing director overseeing healthcare investments, according to a company announcement.

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FountainVest Backs Go-Private Deal Of IKang Healthcare

FountainVest Backs Go-Private Deal Of IKang Healthcare

By Staff Writer | September 1, 2015

NASDAQ-listed Chinese private medical service provider iKang Healthcare Group, Inc. has received a non-binding take-private proposal from the company's founder and China-focused private equity firm FountainVest Partners sixteen months after its U.S. float, according to a company announcement.

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Baring Private Equity Acquires 40% Of Weetabix

Baring Private Equity Acquires 40% Of Weetabix

By Staff Writer | September 1, 2015

Baring Private Equity Asia has acquired a 40% stake in U.K.-based manufacturer of cereals and cereal bars, Weetabix Food Company, to help the company expand in China, according to a company announcement.

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PE-Backed Focus Media Finds New Shell Company For Back Door Listing

PE-Backed Focus Media Finds New Shell Company For Back Door Listing

By Staff Writer | September 1, 2015

Shanghai-based digital media and display advertising firm Focus Media Holdings Limited has terminated a planned back door listing via a reverse merger with Shenzhen-listed Jiangsu Hongda New Material Co., Ltd.,

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China's Official PMI Drops To 49.7 In August

By Staff Writer | September 1, 2015

China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, fell to 49.7 in August from 50.0 in July. The index dropped below the benchmark level of 50 for the first time since February this year. The Caixin flash PMI, representing a group of small and medium private enterprises, also fell to […]

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Qiming Leads Series B Round In Mobile App Linqu

Qiming Leads Series B Round In Mobile App Linqu

By Staff Writer | August 31, 2015

Shanghai-based Linqu, a Chinese mobile app offering last mile delivery services for fast-moving consumer goods and food, has completed an undisclosed series B round of financing led by Qiming Venture Partners, according to Chinese media reports. Existing investor IDG Capital Partners also participated. The round is reportedly worth US$10 million.

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JD Capital Acquires Ageas' Life Insurance Business In Hong Kong For $1.4B

JD Capital Acquires Ageas' Life Insurance Business In Hong Kong For $1.4B

By Staff Writer | August 31, 2015

JD Capital has agreed to acquire Belgian insurer Ageas' life insurance business in Hong Kong for HK$10.7 billion (US$1.4 billion) in cash, according to a company announcement. Brussels, Belgium-headquartered Ageas acquired Pacific Century Insurance in 2007, and re-branded the company to Ageas. Ageas' life insurance business in Hong Kong currently has over 2,500 financial advisors […]

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JD Capital Invests $63M In Gaosi Education

JD Capital Invests $63M In Gaosi Education

By Staff Writer | August 31, 2015

Chinese private equity firm JD Capital has agreed to invest RMB400 million (US$63 million) in Beijing-based O2O (online-to-offline) education platform Gaosi Education, according to a company announcement. Gaosi Education says it will use the proceeds on platform expansion and team building.

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Manav Gupta: Hong Kong's IoT Ecosystem Is The Best In The World

Manav Gupta: Hong Kong's IoT Ecosystem Is The Best In The World

By Staff Writer | August 29, 2015

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that Hong Kong is the best place in the world to ensure the success of an IoT start-up business.

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Manav Gupta: Human Microchip Implants May Happen Sooner Than Expected

Manav Gupta: Human Microchip Implants May Happen Sooner Than Expected

By Staff Writer | August 29, 2015

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that wide-spread human microchip implants may happen sooner than expected.

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Manav Gupta: Key Challenge For IoT Sector Is Global Integration

Manav Gupta: Key Challenge For IoT Sector Is Global Integration

By Staff Writer | August 29, 2015

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector's key challenge in the future is how to connect all the smart hardware and to integrate them via data centers and on the cloud globally.

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Manav Gupta: The Future IoT 2.0 Will Connect All Facets Of Our Lives

Manav Gupta: The Future IoT 2.0 Will Connect All Facets Of Our Lives

By Staff Writer | August 28, 2015

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector's future is what he calls IoT 2.0, where smart devices talk to each other and are integrated to enhance people's lives.

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Manav Gupta: IoT Sector Could Be A $7 Trillion Market Opportunity

Manav Gupta: IoT Sector Could Be A $7 Trillion Market Opportunity

By Staff Writer | August 28, 2015

Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells China Money Podcast host Nina Xiang that the IoT sector could be a US$7 trillion market opportunity.

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What China Should Learn From The US On Financial Crisis Management

What China Should Learn From The US On Financial Crisis Management

August 28, 2015

The author is Michael Macaluso, managing director at Cappello Group, Inc. The Chinese government’s measures to counteract the free fall of local stock markets is seemingly working as a circuit-breaker for equities.

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