China's Advantech Capital Partners Ltd. has led a US$65 million series B funding round in a two-year-old Chinese robotic start-up Rokid at a US$450 million valuation.
In a short span of 13 months, over US$300 million in venture funding has been raised to support co-working space projects in China, as over half a dozen start-ups are vying to cater to growing demand for more flexible and collaborative work environment.
Another Chinese drone maker just got venture funding. Chinese social network Renren Inc has co-led a RMB72 million (US$11 million) series B funding round in Simtoo, a Shenzhen-based portable drone maker.
Chinese asset manager Harvest Global Investments and retail giant Intime Commercial (Group) Ltd. has invested a combined US$84 million in a series C+ round in U51.com, a credit card and online financial services mobile app.
BlueRun Ventures has raised a U.S. dollar and a RMB-denominated fund totaling US$500 million to make early stage investments from angel to series A round in Chinese start-ups, the firm announced today.
China has a shot at playing a leading role in the worldwide race to build connected cars, because Chinese consumers are young and keen to adopt advanced smart technologies, says a report released by PricewaterhouseCoopers.
Hong Kong-based movie studio Shaw Brothers Holdings Ltd. has appointed Li Ruigang (pictured), founder of CMC Capital, as chairman and non-executive director to deepen cooperation with mainland film and entertainment industries.
LeEco founder and chief executive Jia Yueting must have had a tough two weeks. Last week, LeEco could not show its anticipated electric smart car for its U.S. debut because the truck carrying "the car of the future" got into an accident while driving to the press conference.
Chinese wealth management firm Noah Holdings Ltd said Sequoia Capital China has agreed to make a RMB348 million (US$51.7 million) strategic investment in Noah's asset management subsidiary, Gopher Asset Management Co., Ltd.
Intel Capital has invested US$38 million in 12 technology start-ups globally, including two in China: a smart city developer Eazytec and a wi-fi front-end devices firm Grand Chip Microelectronics.
JD Finance has led a US$30 million strategic investment in Shanghai-based human resources and IT outsourcing services start-up Microseer, the company announced in Beijing today.
Chinese online education firm iTutorGroup, backed by Alibaba Group Holding Ltd. and other venture investors, has appointed Tang Zhengrong as its chief technology officer (CTO), responsible for developing and leading technology tactics for the start-up.
Singapore-listed property firm CapitaLand Ltd. has raised US$1.5 billion for its third private property investment vehicle to back integrated development projects under its Raffles City brand in gateway cities in China, the company announced today.
Canada Pension Plan Investment Board (CPPIB) has invested US$375 million in Raffles City China Investment Partners III, CapitaLand's third integrated development private investment fund in China, to take a 25% stake in the vehicle.
Chinese conglomerate HNA Group has agreed to acquire an approximate 25% stake in Hilton Worldwide Holdings Inc. from the Blackstone Group LP for about US$6.5 billion, after the global private equity giant realized several exits this year by selling assets to Chinese buyers.
Two years after China started pushing for a nationwide policy of "Mass Entrepreneurship and Innovation", the country has witnessed a jump in the number of new start-ups. But the government-driven campaign risks the danger of turning into a political movement potentially causing massive waste of capital and resources.
Baird has appointed Lydia Xu, an ex-managing director at BDA Partners, as managing director and Head of China Investment Banking based in Shanghai, responsible for expanding services to strategic Chinese buyers and private equity firms looking to buy and sell assets, make new investments or refinance debt.
A US$239 million deal led by Chinese drugmaker Shanghai Pharmaceuticals Holding Co., Ltd. and private equity firm Primavera Capital to acquire Australian vitamins maker Vitaco Holdings has won approval from Australia's Foreign Investment Review Board (FIRB), clearing a major roadblock and pushing the deal closer to completion.