Chinese one-stop healthcare platform Ping An Good Doctor (HK: 01833) has entered into a subscription agreement with Grab for a joint venture in Southeast Asia, the firm announced today.
Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year.
During the first six months, Chinese private equity and venture capital funds saw fundraising plummeting significantly. The tight liquidity conditions, mostly due to tightened financial regulations, has led to more concentrated investments as GPs become more cautious in where to put capital.
The China Securities Regulatory Commission released a revised delisting rules on Friday to include for the first time those companies that pose harm to public health as a new trigger that could lead to a delisting.
Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired a 50% stake in Spanish boutique hotel brand Hospes Hotel Group, of which its total asset is valued at €125 million, forming a joint venture with a Spanish investment company Omega Capital.
Chinese venture capital firm Long Hill Capital has closed its second fund with US$265 million to continue investing in China’s healthcare and consumer sectors, the firm announced today.
A consortium led by KKR has agreed to acquire Taiwanese specialty chemicals producer LCY Chemical Corp. (TPE: 1704) for approximately TWD47.8 billion (US$1.56 billion).
One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from China Industrial Asset Management Ltd.
Chinese smartphone and smart devices maker Xiaomi Inc pared back its fundraising ambitions as it priced its shares at the bottom of its indicative price range, resulting in an IPO that is significantly smaller than previously expected.
The Chinese e-sports sector has grew to around RMB5 billion in 2017 with a user base of 250 million, and are expected to growth rapidly in the next few years, according to a report published by Tencent today.
The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved an equity investment of US$100 million in India’s National Investment and Infrastructure Fund’s (NIIF) fund-of-funds. The investment is part of the phase I for the NIIF fund-of-funds initial closing. AIIB is considering a further investment of US$100 million as part of Phase II for the final closing, which would bring the bank’s total commitment to US$200 million to the Indian fund-of-funds, it said in an announcement today. …
In the next six months, the valuation of Chinese start-ups may drop on average 30%, or even 50% for some previously highly valued companies, because of a tightening of capital supply, said Ran Wang, chief executive officer of Chinese investment advisory firm CEC Capital Group.
Chinese real estate developers are showing greater signs of distress, as companies cancel bond issuance deals and more defaults are expected to follow.
In this episode of China Money Podcast, listen to all the news headlines in the week of June 11-15, 2018 with host Nina Xiang. Topics covered include Chinese AI company Yitu Tech’s US$200 million venture round, Baidu Inc’s plans to issue China Depositary Receipts, and China Money Network’s efforts to compile a list of 50 leading Chinese AI companies to shed light on the industry. Be sure to subscribe to China Money Podcast for free in the iTunes store, or …
Despite the current market slumps, Chinese cryptocurrency practitioners still believe a bull market is in store because of the growing size of capital that is readying themselves to enter into the space.
China Money Network, a Chinese investment and technology media and data company based in Hong Kong and Beijing, today launched a campaign to compile a list of the 50 leading Chinese artificial intelligence companies to shed light on China’s rising AI power.
WuXi Biologics (2269.HK), an open-access biologics technology company based in China, is to invest US$60 million and hire approximately 150 employees to establish a biologics clinical and commercial manufacturing facility in Worcester, Massachusetts in the United States. The facility will be WuXi Biologics’ 11th global drug substance manufacturing facility, the firm said today in an announcement.
The Chinese securities regulator has disclosed the Chinese Depository Receipts (CDR) issuance application of smartphone maker Xiaomi Inc this morning, making the first such listing in the domestic stock market one step closer to the finish line.
At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).
In order to create its new public blockchain, the Huboi Chain Project (HCP), Huobi will fund a Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 million Huobi Tokens (HT), worth about US$100 million dollars. Huobi will also contribute a portion of its yearly revenue to the program, according to comments by a Huobi official to media outlet Cointelegraph.
Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries.
In this episode of China Money Podcast, listen to all the news headlines in the week of May 27 to June 1, 2018 with host Nina Xiang. Topics covered include China Money Network’s freshly released China VC Tracker for the month of May, how Chinese AI company SenseTime raised US$1.2 billion in a two-month period, and how the battle to gain an upper hand in omni-channel retail continues between Tencent and Alibaba. Be sure to subscribe to China Money Podcast …
SoftBank Corp. and Chinese artificial intelligence company CloudMinds Technology said they have developed an authentication solution based on blockchain. The two companies have developed the new solution by combining CloudMinds’ blockchain-based authentication with the mobile carrier’s authentication platform, according to an announcement.
Chinese e-commerce giant Alibaba Group Holding Ltd. wants to invest over RMB100 billion (US$15.6 billion) on smart logistics to improve delivery reach and efficiency, the company’s founder and executive chairman Jack Ma said this morning at a conference in Hangzhou.
Pan-Asia logistics real estate developer ESR, backed by Chinese investors, has completed US$575 million in fund raising for its most recent Japan fund, bringing the total equity closings for the fund to US$1.2 billion, the company announced.
Qihoo 360, China’s largest internet security company, said that it had identified a high-risk security vulnerability on the EOS network. The bug was fixed around 24 hours later by EOS today, though both parties seem to disagree what really happened and how serious the flaw was.
Alibaba Group Holding Limited (NYSE: BABA) and its logistic arm Cainiao Network have led a strategic investment of US$1.38 billion in Chinese express delivery company ZTO Express, in exchange for an approximately 10% stake in the company.
CITIC Capital Silk Road Fund, a pan-Eurasia themed fund managed by CITIC Capital Holdings Limited, said it had recently completed its investments into Shanghai Railink International Intermodal Logistics and Atasu Group respectively.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed confidentially for a planned U.S. initial public offering, according to media reports citing insiders.
Since a pilot program to explore cross-border transfers of non-performing loans (NPL) was launched in Shenzhen in 2015, approximately RMB6.8 billion (US$1.06 billion) of NPL were transferred as of May 24 in an effort to attract foreign capital to help China better manage its growing pile of bad loans.
A blockchain conference held in Boao in Hainan island, where the influential Boao Forum for Asia is held annually, is facing a tsunami of criticism and public outcry after an actor playing chairman Mao appeared to congratulate and wish the event success. The organizing also faces a potential breach of relevant law.