LATEST UPDATES

Translink Capital, Hina Group Joins $10M Series A In Smart Device Start-Up XGene

Translink Capital, Hina Group Joins $10M Series A In Smart Device Start-Up XGene

By Jillian Yue | 28 September 2016 — 10:50 HKT

Translink Capital, Hina Group and China Aviation Industrial Fund have jointly invested in a series A round worth around US$10 million in XGene, a Chinese smart device start-up.

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Orient Hontai Capital To Acquire AppLovin For $1.42B

Orient Hontai Capital To Acquire AppLovin For $1.42B

By Jillian Yue | 27 September 2016 — 15:11 HKT

Chinese private equity firm Orient Hontai Capital has agreed to acquire a majority stake of San Francisco-based advertising technology start-up AppLovin for US$1.42 billion.

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China Launches $52.5B State-Owned Enterprise Restructuring Fund

China Launches $52.5B State-Owned Enterprise Restructuring Fund

By Li Dongmei | 27 September 2016 — 14:53 HKT

China has launched a RMB350 billion (US$52.5 billion) national fund to help major state-owned enterprises restructure by industry consolidation and cutting excess capacity.

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Capital Today Has Deployed Half Of Its $600M Evergreen Fund, Eyes Third Fund

Capital Today Has Deployed Half Of Its $600M Evergreen Fund, Eyes Third Fund

By Nina Xiang | 27 September 2016 — 11:12 HKT

Chinese private equity firm Capital Today has raised US$600 million for an evergreen investment vehicle with a fund life of 28 years. The fund, a first in China, exceeds its planned target of US$500 million, according to someone with knowledge of the matter.

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Dr. Doom Marc Faber Makes Long And Short Bets On The World's Gloomy Future

Dr. Doom Marc Faber Makes Long And Short Bets On The World's Gloomy Future

By Staff Writer | 26 September 2016 — 18:11 HKT

In this episode of China Money Podcast, returning guest Dr. Marc Faber, renowned investor and publisher of The Gloom, Boom & Doom Report, speaks with our host Nina Xiang. Dr. Faber played a game of Long & Short, where he spelled out his view on central banks, currencies and commodities, among other items.

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Infinity Group And Neusoft To Establish $250M Israeli Med-Tech Fund

Infinity Group And Neusoft To Establish $250M Israeli Med-Tech Fund

By Li Dongmei | 26 September 2016 — 15:49 HKT

Israeli-Chinese cross-border private equity firm Infinity Group and Neusoft Corporation have agreed to set up a US$250 million investment fund to back Israeli medical technology companies with the aim of realizing their potentials in China.

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Fosun Group, DXY Lead $10M Venture Round In Dental SaaS Start-Up LinkedCare

Fosun Group, DXY Lead $10M Venture Round In Dental SaaS Start-Up LinkedCare

By Li Dongmei | 26 September 2016 — 12:53 HKT

A venture investment unit of Fosun Group and Chinese healthcare online community portal DXY have led a RMB70 million (US$10 million) series A and series A+ round in LinkedCare, a Shanghai-based start-up providing dental SaaS solutions to doctors and patients.

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Primavera Capital's Lian Jie Joins Perfect World As President

Primavera Capital's Lian Jie Joins Perfect World As President

By Nina Xiang | 26 September 2016 — 11:53 HKT

Lian Jie, an ex-partner at Primavera Capital, has joined Chinese online gaming firm Perfect World Co., Ltd. as president and chief executive of the company's film division.

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Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

By Li Dongmei | 26 September 2016 — 11:00 HKT

Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant's operations into the so-called last mile mobility space.

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GP Healthcare Capital Leads $55M Series C Round In MicuRx Pharmaceuticals

GP Healthcare Capital Leads $55M Series C Round In MicuRx Pharmaceuticals

By Jillian Yue | 26 September 2016 — 09:37 HKT

Chinese venture firm GP Healthcare Capital has led a US$55 million series C financing round in MicuRx Pharmaceuticals, Inc., a bio-pharmaceutical company developing antibiotics to improve the treatment of resistant bacterial infections with operations in Shanghai and California.

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Xinhuanet.Com Receives Green Light To List In Shanghai

Xinhuanet.Com Receives Green Light To List In Shanghai

By Jillian Yue | 25 September 2016 — 12:01 HKT

Chinese securities regulators have approved the initial public offering application submitted by official news agency website Xinhuanet.com to list on the Shanghai stock exchange.

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GGV Capital Co-Leads $60M Series B Round In Baidu's Zuoyebang

GGV Capital Co-Leads $60M Series B Round In Baidu's Zuoyebang

By Jillian Yue | 25 September 2016 — 10:32 HKT

GGV Capital has co-led a US$60 million series B financing round in Zuoyebang, a K12 online education spin-off from Baidu Inc., with participation from existing investors Sequoia Capital and Legend Capital, Chinese media reported.

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GGV Capital Leads $15M Series B Round In E-Commerce Firm Operator

GGV Capital Leads $15M Series B Round In E-Commerce Firm Operator

By Jillian Yue | 23 September 2016 — 19:36 HKT

GGV Capital has led a US$15 million series B financing round in Operator, an expert community-based e-commerce company, to help fund its global expansion starting with China.

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CPPIB Agrees To Assist Chinese Policy Makers In Pension Reforms

CPPIB Agrees To Assist Chinese Policy Makers In Pension Reforms

By Jillian Yue | 23 September 2016 — 10:06 HKT

Canada Pension Plan Investment Board (CPPIB) has signed a memorandum of understanding with the National Development and Reform Commission (NDRC) of China to offer CPPIB's expertise in assisting Chinese policy-makers as they address the challenges of China's aging population.

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China IC Fund-Backed Entity Acquires Analogix Semiconductor For $500M

China IC Fund-Backed Entity Acquires Analogix Semiconductor For $500M

By Li Dongmei | 23 September 2016 — 09:38 HKT

An investor consortium led by Chinese private equity firm Beijing Shanhai Capital Management Co, Ltd. has agreed to acquire Santa Clara, California-headquartered Analogix Semiconductor, Inc. for over US$500 million with plans to list the company in China soon.

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JD Capital Leads $10M Investment In Chinese Medical Device Maker

JD Capital Leads $10M Investment In Chinese Medical Device Maker

By Jillian Yue | 22 September 2016 — 16:54 HKT

Chinese private equity and venture capital firm JD Capital has led a US$10 million investment in Shenzhen Nuokang Medical Equipment Co., a developer and manufacturer of continuous non-invasive blood pressure measurement equipment.

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Meridian Capital China, Banyan Capital Lead $28M Series C Round In Mobile App Bosszhipin

Meridian Capital China, Banyan Capital Lead $28M Series C Round In Mobile App Bosszhipin

By Li Dongmei | 22 September 2016 — 16:38 HKT

Meridian Capital China and Banyan Capital have led a US$28 million series C funding round in recruitment mobile app Bosszhipin, with participation from existing investors Capital Today and Shunwei Capital.

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Hony Capital Doubles Down On Lee & Man And Chinese Restaurant Investment

Hony Capital Doubles Down On Lee & Man And Chinese Restaurant Investment

By Nina Xiang | 22 September 2016 — 16:17 HKT

Hony Capital has invested another HK$1.5 billion (US$193 million) in Hong Kong-listed handbag maker Lee & Man Handbags and potentially drove another deal betting on the Chinese restaurant sector.

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