LATEST UPDATES

SF Express To Spin Off Financial Services Units Before Back-Door Listing

SF Express To Spin Off Financial Services Units Before Back-Door Listing

By Jillian Yue | 27 July 2016 — 17:28 HKT

China's largest express delivery firm S.F. Express, backed by CITIC Capital Holdings Ltd., Oriza Holdings and China Merchants Group, is to spin off its financial services units before it proceeds with a back-door listing in Shenzhen.

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Matrix-Backed 91Jinrong Acquires Venture-Backed DemoHour

Matrix-Backed 91Jinrong Acquires Venture-Backed DemoHour

By Jillian Yue | 27 July 2016 — 14:03 HKT

Chinese online financial intermediary 91Jinrong has acquired DemoHour, once the largest crowdfunding platform in China, according to Chinese media reports.

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LeEco To Acquire US Smart TV Maker Vizio For $2B

LeEco To Acquire US Smart TV Maker Vizio For $2B

By Li Dongmei | 27 July 2016 — 12:59 HKT

Chinese Internet firm LeEco has agreed to acquire American television maker Vizio for US$2 billion, in an important step of the company's strong push in the U.S. market.

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SBCVC Joins $30M New Venture Round In Gongzi Qianbao

SBCVC Joins $30M New Venture Round In Gongzi Qianbao

By Jillian Yue | 27 July 2016 — 12:29 HKT

SBCVC has participated in a RMB200 million (US$30 million) venture round in Gongzi Qianbao, a mobile Internet financial services product helping companies and staffers manage salary payment and other personal financial services needs.

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Chengdu Launches Financial Industry Innovation Center

Chengdu Launches Financial Industry Innovation Center

By Li Dongmei | 27 July 2016 — 10:47 HKT

The city of Chengdu in Western China has launched a financial industry innovation center with an aim to become China's fourth financial pillar, after Beijing, Shanghai, Guangzhou and Shenzhen.

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Chinese Investors Spent $17B On Outbound Real Estate Deals In First Five Month

Chinese Investors Spent $17B On Outbound Real Estate Deals In First Five Month

By Jillian Yue | 27 July 2016 — 10:17 HKT

Chinese investors pumped US$17 billion into overseas real estate investment during the first five months of 2016, becoming the world's second largest source of outbound property investment capital after the U.S. at US$19 billion, says a report from real estate service firm DTZ/Cushman & Wakefield.

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IDG Capital Joins Consortium To Buy Osram's Unit For $439M

IDG Capital Joins Consortium To Buy Osram's Unit For $439M

By Jillian Yue | 27 July 2016 — 09:43 HKT

A Chinese investor consortium including lighting firm MLS Co., Ltd., IDG Capital Partners and Yiwu State-Owned Assets Operation Center has agreed to acquire the general lighting lamps business from Germany's Osram for over €400 million (US$439 million).

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China Aims To Become A Top 10 Robotics Nation By 2020

China Aims To Become A Top 10 Robotics Nation By 2020

By Li Dongmei | 26 July 2016 — 12:11 HKT

China wants to sell a total of 100,000 domestically produced industrial robots every year and leap into the Top 10 of the world's most intensively automated nations by 2020, says a Chinese official.

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Hamilton Lane Closes New Fund-Of-Funds At $516M

Hamilton Lane Closes New Fund-Of-Funds At $516M

By Li Dongmei | 26 July 2016 — 10:34 HKT

Hamilton Lane Advisors L.L.C. has reached final closing of a new global private equity fund-of-funds vehicle at US$516 million, exceeding its original target of US$400 million, the firm said in an announcement.

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CITIC PE-Backed Luye Pharma To Acquire Unit From Europe's Acino

CITIC PE-Backed Luye Pharma To Acquire Unit From Europe's Acino

By Jillian Yue | 26 July 2016 — 10:18 HKT

Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement.

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Funds Managed By Keppel Unit Secure $410M In First Closing

Funds Managed By Keppel Unit Secure $410M In First Closing

By Li Dongmei | 26 July 2016 — 09:42 HKT

Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement.

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Alibaba Pictures, Gopher Asset To Launch $300M Film And TV Fund

Alibaba Pictures, Gopher Asset To Launch $300M Film And TV Fund

By Jillian Yue | 26 July 2016 — 08:26 HKT

Alibaba Pictures Group, the movie studio unit of Alibaba Group Holding Ltd., has unveiled a new RMB2 billion (US$300 million) investment fund to invest across the movie and television industry value chain, the company announced in a statement.

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Focus Media Launches Four Investment Funds Seeking To Raise $300M

Focus Media Launches Four Investment Funds Seeking To Raise $300M

By Jillian Yue | 26 July 2016 — 08:23 HKT

Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors.

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China Considers Banning Venture Funds From Investing In A-Share Companies

China Considers Banning Venture Funds From Investing In A-Share Companies

By Li Dongmei | 25 July 2016 — 14:42 HKT

The Chinese government is considering new policies that could ban venture funds from investing in A-share listed companies, according to Chinese media reports citing a speech made by a senior securities regulator.

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CDH Investments Leads $100M Round In Robot Maker Ubtech

CDH Investments Leads $100M Round In Robot Maker Ubtech

By Jillian Yue | 25 July 2016 — 13:23 HKT

CDH Investments has led a US$100 million investment in Ubtech, a Shenzhen-based intelligent humanoid robots maker, according to Chinese media reports.

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Tencent Unit Leads $30M Series C Round In Big Data Firm Yonghong Tech

Tencent Unit Leads $30M Series C Round In Big Data Firm Yonghong Tech

By Jillian Yue | 25 July 2016 — 11:33 HKT

A unit of Tencent Holdings Ltd. has led a RMB200 million (US$30 million) series C round in Yonghong Tech, a Chinese big data analytics firm, according to Chinese media reports.

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Phoenix New Media's Yidian Zixun Strikes OPPO Partnership

Phoenix New Media's Yidian Zixun Strikes OPPO Partnership

By Li Dongmei | 25 July 2016 — 11:09 HKT

Chinese news mobile app maker Particle Inc. has agreed to establish a strategic partnership with smartphone manufacturer OPPO Electronics Corp. to further expand its reach via different device makers.

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GSR Co-Founder Sonny Wu Leads Consortium To Acquire A.C. Milan

GSR Co-Founder Sonny Wu Leads Consortium To Acquire A.C. Milan

By Jillian Yue | 24 July 2016 — 12:10 HKT

A Chinese investor consortium led by GSR Ventures co-founder Sonny Wu has signed a binding agreement to acquire Italian professional football club A.C. Milan from Silvio Berlusconi’s Fininvest SpA, according to an article by Caixin Media.

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