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How Baidu Lost Out On Investing In China's Best Start-Ups And Its Own Future

How Baidu Lost Out On Investing In China's Best Start-Ups And Its Own Future

By Nina Xiang | 26 August 2016 — 16:57 HKT

Baidu Inc.'s investment department has been lagging behind the market and missed big opportunities due to a lack of coherent strategy and a rigid corporate culture.

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BGI Leads $30M Series A Round In Beijing Gene+ Technology

BGI Leads $30M Series A Round In Beijing Gene+ Technology

By Li Dongmei | 26 August 2016 — 15:27 HKT

Chinese genome sequencing firm BGI, previously know as the Beijing Genomics Institute, has led a RMB200 million (US$30 million) series A funding round in Beijing Gene+ Technology, a gene testing and precision medicine start-up, according to Chinese media reports.

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Source Code Capital Joins $22.5M Series C Round In Auto O2O Player eBaoyang

Source Code Capital Joins $22.5M Series C Round In Auto O2O Player eBaoyang

By Li Dongmei | 26 August 2016 — 15:04 HKT

Source Code Capital has joined a RMB150 million (US$22.5 million) series C round of financing in automobile after-sales O2O (online-to-offline) service provider, eBaoyang, Chinese media reported.

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I-Bridge Capital Teams Up With BioLineRx To Launch Healthcare Incubator

I-Bridge Capital Teams Up With BioLineRx To Launch Healthcare Incubator

By Jillian Yue | 26 August 2016 — 14:44 HKT

I-Bridge Capital, a healthcare-focused venture capital firm and incubator founded by an ex-partner of Kleiner Perkins Caufield & Byers (KPCB), has established a joint venture with Israeli drug company BioLineRx Ltd. to incubate innovative healthcare start-ups.

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IDG-Accel, Management Lower Price For KongZhong Take-Private Deal

IDG-Accel, Management Lower Price For KongZhong Take-Private Deal

By Jillian Yue | 26 August 2016 — 14:28 HKT

A management buyout proposal to take NASDAQ-listed Chinese online game developer KongZhong Corporation, backed by IDG-Accel China Growth Fund, has lowered its proposed price as expectations fell for the kind of valuations companies can get in a potential re-lising back in China.

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CDH Investments Collects RMB3.5B For Fourth Mezzanine Fund

CDH Investments Collects RMB3.5B For Fourth Mezzanine Fund

By Li Dongmei | 26 August 2016 — 13:20 HKT

CDH Investments has reached a final closing for its fourth RMB mezzanine fund with RMB3.5 billion (US$525 million) in total capital commitments, according to Chinese media reports.

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Everything You Need To Know About The Man In Charge Of Ant Financial: Eric Jing

Everything You Need To Know About The Man In Charge Of Ant Financial: Eric Jing

By Nina Xiang | 26 August 2016 — 10:00 HKT

Ant Financial Services Group is known as China's biggest and most valuable financial technology company, but the man who's in charge of the Alibaba Group's financial affiliate remains a deeply mysterious non-public figure.

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SBCVC, HighLight Capital Join $33M Funding Round In Healthcare App Quyiyuan

SBCVC, HighLight Capital Join $33M Funding Round In Healthcare App Quyiyuan

By Jillian Yue | 25 August 2016 — 17:26 HKT

SBCVC, HighLight Capital and Baidu Inc. have invested RMB216 million (US$33 million) in a series B+ round of financing in Quyiyuan, an online doctor appointment booking platform, according to Chinese media reports.

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LeEco-Controlled Yidao Yongche Eyes NEEQ Listing Next Year

LeEco-Controlled Yidao Yongche Eyes NEEQ Listing Next Year

By Li Dongmei | 25 August 2016 — 17:10 HKT

Yidao Yongche, a Chinese ride share company controlled by LeEco, is planing to list on China's New Third Board next year with an eye to eventually list on the A-share market via a back-door listing, Chinese media reported citing people familiar with the matter.

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CDH Investments Seeks $1.2B Partial Exit From WH Group

CDH Investments Seeks $1.2B Partial Exit From WH Group

By Li Dongmei | 25 August 2016 — 16:31 HKT

Chinese alternative investment firm CDH Investments is selling up to US$1.19 billion worth of shares in Chinese pork producer WH Group to allow a partial exit from an investment it made in 2007, according to a disclosure filing.

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China's Private Equity And Venture Markets Cool Further In July

China's Private Equity And Venture Markets Cool Further In July

By Li Dongmei | 25 August 2016 — 11:36 HKT

A total of 304 venture and private equity deals with aggregate deal value of US$5.9 billion took place in July, down 136% and 198% year-on-year, respectively, according to new data released by ChinaVenture.

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Tencent-Backed STX Entertainment To Buy VR Content Producer Surreal

Tencent-Backed STX Entertainment To Buy VR Content Producer Surreal

By Staff Writer | 25 August 2016 — 11:00 HKT

STX Entertainment, a Hollywood film studio and distributor with backings from private equity investors and Tencent Holdings Ltd., is expanding into virtual reality (VR) with the acquisition of U.S. VR content producer, Surreal.

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China's New P2P Lending Cap Seeks To Rein Risks In The $93B Sector

China's New P2P Lending Cap Seeks To Rein Risks In The $93B Sector

By Jillian Yue | 25 August 2016 — 10:37 HKT

China announced new rules to tighten regulation of the country’s P2P (peer-to-peer) lending sector, imposing a strict lending cap to lenders on the country's 2,349 P2P platforms.

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China's Largest Car Rental Firm Says Ready For Price War With Didi

China's Largest Car Rental Firm Says Ready For Price War With Didi

By Nina Xiang | 24 August 2016 — 15:13 HKT

CAR Inc., China's largest car rental firm, says it is ready for price war with Didi Chuxing, after the Beijing-based ride share giant announced plans to launch its own online car rental business on Monday.

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Suning Makes Strategic Investment In Campus E-Commerce Firm 8Day Online

Suning Makes Strategic Investment In Campus E-Commerce Firm 8Day Online

By Jillian Yue | 24 August 2016 — 14:11 HKT

Suning Commerce Group has made a strategic investment in 8Day Online, a campus e-commerce start-up backed by Shunwei Capital and Fosun Kinzon Capital.

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China's Private Health Insurance Market To Expand Five-Fold To $167B In 2020

China's Private Health Insurance Market To Expand Five-Fold To $167B In 2020

By Li Dongmei | 24 August 2016 — 12:18 HKT

China's private health insurance market will surge five-fold to RMB1.1 trillion (US$167 billion) by 2020, from RMB241 billion (US$36.7 billion) in 2015, as middle-class and wealthy Chinese look for an alternative to the public insurance system, says a new report released by the Boston Consulting Group.

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Investors Pour $1.1B Into Chinese Digital Health Start-Ups During First Half

Investors Pour $1.1B Into Chinese Digital Health Start-Ups During First Half

By Jillian Yue | 24 August 2016 — 12:01 HKT

Chinese investors poured a record US$1.1 billion across 21 deals into digital health start-ups, including those in the mobile fitness, patient-doctor communication and online drug store sectors, according to data from CB Insights.

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Cloud Testing Firm Testin Completes $30M Series C Round

Cloud Testing Firm Testin Completes $30M Series C Round

By Li Dongmei | 24 August 2016 — 10:39 HKT

Testin, a Beijing-based start-up that provides one-stop cloud testing services to mobile app and games developers, has completed a US$30 million series C funding round led by an undisclosed investor, according to Chinese media reports.

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