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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.