Amor Flora, a Chinese online flower ordering and delivery firm listed on China's New Third Board today, revealed in its prospectus that it had faked orders and revenues over the past two years, in a rare public acknowledgement of a practice known to be prevalent among Chinese companies. From 2013 to July 2015, Amor Flora […]
Chinese smartphone maker Xiaomi Inc. has invested 55 companies during the past two years, four of which are tech unicorns, or start-ups with a valuation of over US$1 billion.
Cathay Capital Private Equity and Nokia Growth Partners have led a US$35 million investment round in Drivy, Europe’s largest car rental marketplace with 850,000 users across France, Germany and Spain, says a company announcement.
Shenzhen-listed Hangzhou Liaison Interactive Information Technology Co. Ltd. has agreed to invest US$20 million in Dehaier Medical Systems Ltd., a NASDAQ-listed medical devices and wearable sleep respiratory products maker in China, according to a company announcement.
During President Xi Jinping’s inspection tour to Anhui province this week, his speech signaled that the Chinese government is concerned about the fragile recovery and strong stimulus will have to continue in the months ahead, according to a research report by Mizuho Securities Asia Ltd.
China’s state-owned Tsinghua Unigroup Ltd.'s plan to buy a 24.9% stake in Silicon Precision Industries (SPIL) for RMB11.1 billion (US$1.7 billion) has been terminated by the Taiwanese chip maker, according to an announcement.
Beijing-based fresh produce e-commerce mobile app MissFresh has reportedly raised RMB230 million (US$36 million) series B+ round of financing led by a Chinese investment firm, according to Chinese media reports.
Beijing-based mobile Internet company Cheetah Mobile says it will invest US$50 million into deep learning and artificial intelligence research and development with its chief executive Fu Sheng personally investing in the venture, according to a company announcement.
Hong Kong's commercial real estate sector is to continue grim conditions over the next year, with pessimism concentrated in the retail sector, according to a research report released by Royal Institution of Chartered Surveyors (RICS).
As China's domestic market uncertainties persist, Chinese outbound real estate investment continued to grow strongly in 2015. By the end of 2015, the total Chinese outbound capital has reached nearly US$30 billion, doubling that of 2014, according to global property consultancy Knight Frank.
Singapore's Temasek Holdings has announced an organization structure reorganization, aimed at aligning the firm with its core priorities at a challenging global investment environment, according to an announcement.
Chinese flying smart robotics start-up Zero Zero Robotics has raised US$25 million in total funding from IDG Capital Partners, GSR Ventures, Zhen Fund and others, according to a company announcement.
Taiwanese smartphone and tablet maker HTC Corporation says it is launching Vive X, a global accelerator program targeted at start-ups operating in the virtual reality (VR) space, according to a company announcement.
U.S. health and hygiene company RayVio Corp has completed a new funding round of US$26 million led by IPV Capital and China's Tsing Capital, the company announced in a statement.
Shenzhen-listed Chinese online gaming firm Dalian Zeus Entertainment Co., Ltd. has led a RMB4.5 billion (US$694 million) series C+ round in Weiying Technology Co. Ltd., the operator of movie ticket booking mobile app Wepiao, according to Chinese media reports.
Puji Capital and third-party wealth management service provider Jupai Holdings Ltd. has invested an undisclosed amount in Wanda Pictures, which includes Dalian Wanda Group's media business including global and domestic film and TV production, financing, and distribution, according to an announcement.
Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, has completed raising US$4.5 billion in a series B round of financing in one of the largest fundraising deals by an Internet company globally, according to a company announcement reported by China's state media.