Li Dongmei

Recent news, commentary, and posts by Li Dongmei:

Gaw Capital Acquires 50% Of Spanish Boutique Hotel Group Hospes

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.

AIIB Approves $100M Commitment To India’s National Investment And Infrastructure Fund

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. …

China VC/Tech News Weekly Roundup: Chinese AI Firm Yitu Tech Raises $200M, Baidu Prepares CDR Issuance

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 …

WuXi Biologics To Invest $60M For Its First Manufacturing Facility In United States

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.

Chinese Blockchain News Portal Mars Finance Secures Series A+ Round

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).

Huobi To Fund Public Blockchain Project With 20 Million Huobi Tokens

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.

China VC/Tech News Weekly Roundup: China VC Report For May, Sensetime Raises $1.2B In Two Months

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 …

Chinese Blockchain Conference Backfires Over Chairman Mao Stunt

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.