China's largest express delivery firm S.F. Express, backed by CITIC Capital Holdings Ltd., Oriza Holdings and China Merchants Group, is to spin off its financial services units before it proceeds with a back-door listing in Shenzhen.
Chinese online financial intermediary 91Jinrong has acquired DemoHour, once the largest crowdfunding platform in China, according to Chinese media reports.
SBCVC has participated in a RMB200 million (US$30 million) venture round in Gongzi Qianbao, a mobile Internet financial services product helping companies and staffers manage salary payment and other personal financial services needs.
The city of Chengdu in Western China has launched a financial industry innovation center with an aim to become China's fourth financial pillar, after Beijing, Shanghai, Guangzhou and Shenzhen.
Chinese investors pumped US$17 billion into overseas real estate investment during the first five months of 2016, becoming the world's second largest source of outbound property investment capital after the U.S. at US$19 billion, says a report from real estate service firm DTZ/Cushman & Wakefield.
A Chinese investor consortium including lighting firm MLS Co., Ltd., IDG Capital Partners and Yiwu State-Owned Assets Operation Center has agreed to acquire the general lighting lamps business from Germany's Osram for over €400 million (US$439 million).
China wants to sell a total of 100,000 domestically produced industrial robots every year and leap into the Top 10 of the world's most intensively automated nations by 2020, says a Chinese official.
Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement.
Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement.
Alibaba Pictures Group, the movie studio unit of Alibaba Group Holding Ltd., has unveiled a new RMB2 billion (US$300 million) investment fund to invest across the movie and television industry value chain, the company announced in a statement.
Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors.
The Chinese government is considering new policies that could ban venture funds from investing in A-share listed companies, according to Chinese media reports citing a speech made by a senior securities regulator.
CDH Investments has led a US$100 million investment in Ubtech, a Shenzhen-based intelligent humanoid robots maker, according to Chinese media reports.
A unit of Tencent Holdings Ltd. has led a RMB200 million (US$30 million) series C round in Yonghong Tech, a Chinese big data analytics firm, according to Chinese media reports.
Chinese news mobile app maker Particle Inc. has agreed to establish a strategic partnership with smartphone manufacturer OPPO Electronics Corp. to further expand its reach via different device makers.
A Chinese investor consortium led by GSR Ventures co-founder Sonny Wu has signed a binding agreement to acquire Italian professional football club A.C. Milan from Silvio Berlusconi’s Fininvest SpA, according to an article by Caixin Media.