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JD Capital Shows It Can Do Anything In The Name Of Profit

JD Capital Shows It Can Do Anything In The Name Of Profit

By Nina Xiang | 30 June 2016 — 14:14 HKT

Chinese private equity firm JD Capital claimed it is not in the business of private equity in order to enter a planned innovation market in the country's New Third Board, attracting regulator examination and industry controversy.

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China Everbright Limited, IDG Launch $3B M&A Investment Fund

China Everbright Limited, IDG Launch $3B M&A Investment Fund

By Li Dongmei | 30 June 2016 — 12:06 HKT

China Everbright Ltd. (CEL) has teamed up with IDG Capital Partners to jointly launch a M&A investment fund in China with RMB20 billion (US$3 billion) total committed capital to help mature Chinese companies grow and scale, says a company announcement.

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Sequoia, Matrix Team Up With HTC With Hopes To Invest $10B In VR

Sequoia, Matrix Team Up With HTC With Hopes To Invest $10B In VR

By Jillian Yue | 30 June 2016 — 10:47 HKT

Sequoia Capital, Matrix Partners, 500 Startups, virtual reality (VR) firm HTC and dozens of other investors have formed a Virtual Reality Venture Capital Alliance, aiming to invest US$10 billion in the VR and augmented reality (AR) sectors globally.

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RRJ, Carlyle-Backed Logistics Operator Seeks $489M HK IPO

RRJ, Carlyle-Backed Logistics Operator Seeks $489M HK IPO

By Jillian Yue | 30 June 2016 — 10:23 HKT

China Logistics Property Holdings, formerly known as Shanghai Yupei Group with backings from RRJ Capital, Temasek Holdings and the Carlyle Group, has attracted Anbang Insurance and Sino-Ocean Group as cornerstone investors for a planned Hong Kong IPO, according to media reports.

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Is This Chinese Scientist Crazy To Think We Can Live Forever?

Is This Chinese Scientist Crazy To Think We Can Live Forever?

By Nina Xiang | 29 June 2016 — 14:41 HKT

Human bodies can live up to 250 years. Afterwards, brains can be transferred to computers, allowing eternal life in a digital heaven. And this will happen during your lifetime.

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Tianfeng Securities Leads $15M Series B Round In Blue Whale Media

Tianfeng Securities Leads $15M Series B Round In Blue Whale Media

By Jillian Yue | 29 June 2016 — 12:24 HKT

Tianfeng Securities has led a series B round in Blue Whale Media, an online business media start-up, with participation from Xiaomi Inc., Cheetah Mobile and other unnamed investors.

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China's Dirty And Congested Cities Will Become

China's Dirty And Congested Cities Will Become "Smart" Faster Than Anywhere Else

By Jillian Yue | 29 June 2016 — 10:53 HKT

Despite horrid pollution and congestion, Chinese cities might become "smarter" than any other city in the world.

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Intel Capital Appoints Anthony Lin As Head Of Greater Asia

Intel Capital Appoints Anthony Lin As Head Of Greater Asia

By Jillian Yue | 29 June 2016 — 10:17 HKT

Intel Capital has appointed four new managing directors, including naming Anthony Lin (pictured) as head of the Greater Asia region, the firm announced in an email today.

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CIC Taps Shanghai Deputy Mayor Tu Guangshao As General Manager

CIC Taps Shanghai Deputy Mayor Tu Guangshao As General Manager

By Nina Xiang | 29 June 2016 — 09:52 HKT

China’s sovereign wealth fund China Investment Corp. is to appoint Shanghai’s deputy mayor Tu Guangshao (pictured) as its new general manager, replacing 60-year-old Li Keping who is retiring after heading the entity for the past two years, Chinese state media reported.

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Matrix Partners China Joins $20M Series A Round In GrowingIO

Matrix Partners China Joins $20M Series A Round In GrowingIO

By Jillian Yue | 28 June 2016 — 17:05 HKT

Matrix Partners China, NEA and Greylock Partners have invested US$20 million in a Chinese business data analytics start-up GrowingIO, the company announced today.

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China Mobile SDIC JV Fund Leads $100M Round In Liepin.Com

China Mobile SDIC JV Fund Leads $100M Round In Liepin.Com

By Li Dongmei | 28 June 2016 — 16:53 HKT

China Mobile Innovative Business Fund (Shenzhen) Partnership has led a US$100 million series D round in Beijing-based mobile Internet recruitment service provider Liepin.com, the company announced today.

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China Merchants VC Unit Leads $10.5M Round In IoT Services Start-Up

China Merchants VC Unit Leads $10.5M Round In IoT Services Start-Up

By Jillian Yue | 28 June 2016 — 16:36 HKT

A venture unit of China Merchants Group has led a RMB70 million (US$10.5 million) series C round in BroadLink, a Platform as a service (PaaS) start-up for the Internet-of-Things (IoT) sector.

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Sequoia Capital Joins $25M Series A Round In A 42-Day-Old Chinese App

Sequoia Capital Joins $25M Series A Round In A 42-Day-Old Chinese App

By Jillian Yue | 28 June 2016 — 12:57 HKT

Vision Plus Capital, Sequoia Capital, Wang Sicong and Luoji Siwei have invested US$25 million in a series A round for audio-based knowledge sharing platform Fenda.

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CVC Reportedly Looking To Offload Da Niang Dumplings Amid Falling Revenues

CVC Reportedly Looking To Offload Da Niang Dumplings Amid Falling Revenues

By Nina Xiang | 28 June 2016 — 12:04 HKT

Two years after buying Chinese fast food restaurant chain Da Niang Dumplings, CVC Capital Partners is reportedly in the process to sell the company amid mismanagement accusations and declining performance, Chinese media reported.

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Lightspeed China Closes $260M Third USD Fund And $75M Debut RMB Fund

Lightspeed China Closes $260M Third USD Fund And $75M Debut RMB Fund

By Jillian Yue | 28 June 2016 — 10:47 HKT

Lightspeed China Partners has closed its third U.S. dollar fund securing US$260 million, and a debut RMB fund with total capital commitments of RMB500 billion (US$75 million), the company announced.

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Boyu, Hillhouse-Backed Autohome Privatization Deal Loses Out To Ping An Purchase

Boyu, Hillhouse-Backed Autohome Privatization Deal Loses Out To Ping An Purchase

By Jillian Yue | 27 June 2016 — 22:31 HKT

A management buyout deal backed by Boyu Capital and Hillhouse Capital was unable to reverse course of China's Autohome Inc.'s sale to Ping An Insurance Group.

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China Everbright's RMB Fund Invests In Neusoft In Healthcare Play

China Everbright's RMB Fund Invests In Neusoft In Healthcare Play

By Li Dongmei | 27 June 2016 — 20:31 HKT

China Everbright Ltd.'s RMB Mezzanine Fund has completed an undisclosed investment in Chinese investment holding company Neusoft Holdings, aimed at helping the company expand in the healthcare sector, according to a company announcement.

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Is A Wave Of Start-Up Bankruptcies Coming To China?

Is A Wave Of Start-Up Bankruptcies Coming To China?

By Katherine Guo | 24 June 2016 — 15:18 HKT

A well-known start-up with venture backing from Alibaba Group Holdings and New Horizon Capital is in the process of liquidation, potentially signaling the beginning of a wave of bankruptcies for venture-backed start-ups in China.

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