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This Is What Asia's Richest Man Does In His Private Jet

This Is What Asia's Richest Man Does In His Private Jet

By Nina Xiang | 30 May 2016 — 13:33 HKT

Wan Jianlin, Asia's richest man, revealed his life in the private jet to the public in a debut live broadcast with a well-known Chinese talk show during the weekend.

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KKR Hires Ex-Blackstone MD Rob Yang To Head China Real Estate

KKR Hires Ex-Blackstone MD Rob Yang To Head China Real Estate

By Jillian Yue | 30 May 2016 — 12:16 HKT

KKR has announced the appointment of ex-Blackstone Group executive Rob Yang as managing director and Head of Greater China in the firm's real estate team, effective June 1, 2016, the global private equity giant says in an announcement.

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Enlight Media Invests In China's Largest Online Ticketing Firm Maoyan

Enlight Media Invests In China's Largest Online Ticketing Firm Maoyan

By Jillian Yue | 30 May 2016 — 10:16 HKT

Beijing-based television and film company Enlight Media has made an undisclosed investment in Maoyan, the online movie ticketing service provider of Meituan-Dianping after it span off the unit into an independent company, according to a company announcement.

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Tencent, Weiying To Invest $85M In Korea's YG Entertainment

Tencent, Weiying To Invest $85M In Korea's YG Entertainment

By Li Dongmei | 30 May 2016 — 09:30 HKT

China's Tencent Holding Ltd. and its online ticketing arm Weiying Technology has agreed to make a US$85 million strategic investment in Korean entertainment firm YG Entertainment, according to a company announcement.

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China's CSRC Says Back-Door Listings Will Be Examined As IPOs

China's CSRC Says Back-Door Listings Will Be Examined As IPOs

By Li Dongmei | 27 May 2016 — 17:51 HKT

China's securities regulator plans to tighten back-door listings, potentially subjecting such deals to the same requirements as initial public offerings, according to an article by state-owned Securities Times.

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This PE Firm Has Made Billions Buying Up Chinese Shell Companies

This PE Firm Has Made Billions Buying Up Chinese Shell Companies

By Nina Xiang | 27 May 2016 — 15:35 HKT

As hundreds of Chinese companies queue up to list on China's domestic stock exchanges, many are forgoing the long wait via a shortcut: back-door listings via reverse mergers.

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Qihoo 360's Online Pharma Unit Raises $15.2M In Series A Round

Qihoo 360's Online Pharma Unit Raises $15.2M In Series A Round

By Li Dongmei | 27 May 2016 — 10:32 HKT

Qihoo 360 Technology Co. Ltd.'s online pharmacy marketplace 360 Haoyao has completed a RMB100 million (US$15.24 million) series A round of funding from SB China Capital (SBCVC), Lilly Asia Ventures and others, according to Chinese media reports.

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Private Equity Performance Rebounds Driven By Outsized Venture Returns

Private Equity Performance Rebounds Driven By Outsized Venture Returns

By Jillian Yue | 27 May 2016 — 09:57 HKT

Global private equity funds posted a modest recovery in the fourth quarter after a brief drop in the previous quarter, with a comparative benchmark for private equity performance released by State Street recording an overall return of 1.11% in the fourth quarter of 2015, the firm said in a release.

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China Leads Fintech Venture Deals In Asia

China Leads Fintech Venture Deals In Asia

By Li Dongmei | 26 May 2016 — 17:25 HKT

Capital flowing into venture capital-backed financial technology (fintech) companies has driven investments in the sector in Asia to a new high in the first quarter of 2016.

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China's P2P Lending Market Is A Scammer's Paradise

China's P2P Lending Market Is A Scammer's Paradise

By Nina Xiang | 26 May 2016 — 14:38 HKT

Chinese local police arrested 13 people at the small P2P (Peer-to-Peer) lender esudai.com in the city of Huizhou yesterday. Founded in 2010, esudai.com recorded total transaction value of over RMB7 billion (US$1.07 billion) with 330,000 investors lending out their personal savings via the online portal.

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Alibaba, Ant Financial Plans $400M Investment In Didi Chuxing

Alibaba, Ant Financial Plans $400M Investment In Didi Chuxing

By Jillian Yue | 26 May 2016 — 12:02 HKT

Alibaba Group Holdings Ltd. plans to team up with affiliate Ant Financial to invest an additional US$400 million in China's largest ride share company Didi Chuxing, according to Tencent Technology.

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Wanda Cinema's $5.7M Wanda Media Acquisition Questioned By Shenzhen Stock Exchange

Wanda Cinema's $5.7M Wanda Media Acquisition Questioned By Shenzhen Stock Exchange

By Nina Xiang | 25 May 2016 — 14:46 HKT

The Shenzhen Stock Exchange has made further disclosure requirements to Wanda Cinema Line Co., the movie theater arm of Chinese conglomerate Dalian Wanda Group, on its planned US$5.72 billion acquisition of Wanda Media.

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Carlyle Eyes $1B For Fifth Growth Fund In Asia

Carlyle Eyes $1B For Fifth Growth Fund In Asia

By Jillian Yue | 25 May 2016 — 13:13 HKT

Carlyle Group LP is seeking to raise around US$1 billion for its fifth Asian fund to back fast-growing companies across the region, according to media reports and a securities filing.

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Former French Government Official Joins Cathay Capital As MD

Former French Government Official Joins Cathay Capital As MD

By Jillian Yue | 25 May 2016 — 12:43 HKT

Former French Finance Ministry official Bruno Bézard will join Sino-Europe private equity firm Cathay Capital Private Equity as managing partner in early July, the investment firm announced today.

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Orient Securities-Backed Taomee Go-Private Deal In Question

Orient Securities-Backed Taomee Go-Private Deal In Question

By Nina Xiang | 25 May 2016 — 10:31 HKT

New York Stock Exchange-listed Chinese children's entertainment and media firm Taomee Holdings Ltd. says it has received a notice of failure to satisfy continued listing standards from the New York Stock Exchange, casting questions on a previously announced go-private proposal, according to an announcement.

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Shanda's Chen Tianqiao Buys 11.7% Stake Of Lending Club

Shanda's Chen Tianqiao Buys 11.7% Stake Of Lending Club

By Jillian Yue | 25 May 2016 — 09:54 HKT

Chinese billionaire Chen Tianqiao, the co-founder of Shanda Interactive Entertainment Ltd., has bought a 11.7% stake in Lending Club Corp, as the largest P2P (Peer-to-Peer) lender in the world seeks funding after alleged lending improprieties pushed its founder Renaud Laplanche to resign.

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China Everbright Securities Joins Deal To Buy Control Of MP & Silva

China Everbright Securities Joins Deal To Buy Control Of MP & Silva

By Li Dongmei | 25 May 2016 — 08:49 HKT

A Chinese consortium led by China Everbright Securities and Internet video firm Beijing Baofeng Technology has bought a 65% stake in sports media rights agency MP & Silva, according to a disclosure filing (in Chinese).

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ChinaEquity Group Joins $117M Series C Round In Benlai Life

ChinaEquity Group Joins $117M Series C Round In Benlai Life

By Li Dongmei | 24 May 2016 — 18:04 HKT

Beijing-based fresh produce e-commerce start-up Benlai Life says it has completd US$117 million series C and series C+ round of financing from China Urban Realty Association, ChinaEquity Group Inc. and a subsidiary of Joyoung Co., Ltd., according to Chinese media reports.

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