China will surpass the U.S. in terms of total revenue from app stores by the first half of 2016, having surpassed it in downloads in early 2015, says a new report by mobile app tracker App Annie.
Shenzhen-based robot developer Ubtech and drone maker DJI, both backed by venture investors, were featured on the Chinese New Year's gala, highlighting the government's push toward innovation and entrepreneurship.
Kingsoft Cloud Group has raised US$60 million in a series C round of financing from parent company Chinese software firm Kingsoft, IDG Capital Partners and an entity associated with China Asset Management Co., Ltd., according to a disclosure document.
Global pension fund assets in 19 major markets weighed in at US$35.4 trillion at year-end 2015, down slightly from US$36 trillion a year earlier, according to a new report by research firm Willis Towers Watson.
Shenzhen-listed Chinese pharmaceutical company Haisco Pharmaceutical Group has led a US$15 million series D round of financing in Israeli drug developer Regentis Biomaterials Ltd., says a company announcement.
For many years, the Chinese currency could be used only inside the country. Since China embarked on a course to internationalize the RMB starting in the mid 2000s, the Chinese currency is now increasingly used for international trade, investment and as a reserve currency.
Blockchain technology start-up Blockstream has raised US$55 million in series A funding led by Horizons Ventures, AXA Strategic Ventures and Digital Garage, the company says in a statement.
Alibaba Health Information Technology Ltd. is accused of charging Chinese drug companies improper fees, in an escalation of a scandal that emerged last week when the healthcare unit of Alibaba Group Holdings was reportedly to lose its exclusive operational rights of a national electronic drug monitoring system.
Only nine Chinese companies completed initial public offerings in January, raising a total of RMB3.8 billion, down 73.5% and 72.7% year-on-year respectively, according to data released by data tracker ChinaVenture.
Catalyst CEL Fund, a joint venture fund managed by China Everbright Ltd. and Israeli private equity firm Catalyst Private Equity Management Ltd., has raised over US$200 million to make investments in China and Israel, according to a company announcement.
European private equity firm Apax Partners and other investors have agreed to sell their stake in Tommy Hilfiger Asia Ltd. to Tommy Hilfiger's parent company, according to a company statement.
Sterling Heights, Michigan-based Key Safety Systems (KSS), backed by FountainVest Partners, the Canada Pension Plan Investment Board and Crestview Partners, has entered into a definitive agreement to be acquired by Shanghai-listed Ningbo Joyson Electronic Corporation, says a company announcement.
China Merchants Bank Co., Ltd. has led a US$102 million series C round of financing in Chinese pet e-commerce company Boqii.com, according to Chinese media reports.
A total of 221 healthcare deals with RMB15.7 billion transaction value were recorded in 2015, up 106% in terms of aggregate deal value, according to data released by Chinese data tracker IT Juzi.
Dadabus, a Shenzhen-based mobile app developer providing bus booking services, has received RMB128 million (US$20 million) strategic investment from Shenzhen-listed plastic pipe maker, Fujian Newchoice Pipe Technology Co., Ltd., according to a disclosure document (in Chinese).
As of the end of 2014, around 10% of China's publicly listed firms are zombie companies, or companies that survives simply because of the support of lenders and the government, according to research by Caixin magazine.