Hong Kong-based real estate private equity firm Gaw Capital Partners announced the acquisition of Bell City mixed-use development for AUD$157 million (US$ 113 million) in Melbourne’s Preston precinct via GCP Hospitality, according to the company’s announcement.
Xiaoju Automobile Solutions (XAS), a one-stop auto solutions platform owned by Didi Chuxing announced that it has acquired Hiservice, a leader in Shanghai’s online-to-offline auto after-service market.
China Literature — the Tencent e-publishing venture that went public with a US$1 billion IPO last November— announced that it would acquire Chinese digital production company New Classics Media for around RMB 15.5 billion (US$2.2-2.3 billion), according to a media report.
Hong Kong-based private equity firm GSR Capital will invest a total of US$374.55 million in e-commerce retailer Overstock, with US$270 million to be allocated for its blockchain subsidiary tZERO, according to the company’s announcement.
The Chinese Ministry of Industry and Information Technology (MIIT) is reportedly considering ways to accelerate blockchain adoption according to a local media report.
Manbang Group, a Chinese truck-hailing platform is looking to raise US$1 billion in a new funding round, according to the Wall Street Journal.
Beijing Bytedance Technology Co. has reportedly kicked off an equity-fundraising round that could value the owner of China’s most popular news-aggregation app at as much as US$75 billion.
SoftBank Group Corp.’s Vision Fund plans to lead an investment of US$3 billion to US$5 billion in Alibaba’s food delivery giant Ele.me, according to a Bloomberg report.
Two massive deals in the fintech and media sector, each worth US$1.5 billion or more, stood out in China’s venture capital market in July, as investors put US$11.36 billion in start-ups last month.
U.S. social media giant Facebook’s move to set up a subsidiary in Hangzhou was apparently curtailed within a day of the news was made public, according to a media report.
Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to media reports.
Didi Chuxing announced the launch of DiDi Mobility Japan Corp, a joint-venture with SoftBank, to offer on-demand taxi-hailing services and smart transportation solutions for citizens and tourists in the world’s third largest economy.
Leading online entertainment service in China, iQiyi announced that it has acquired Chinese game maker Skymoons Inc. and Chengdu Skymoons Digital Entertainment for about RMB2 billion (US$298.59 million).
One of the largest Chinese investment banks in offshore markets, Hong Kong-based Haitong International Securities Group led a Series B financing round in Boston-based biotech research firm Orig3n, according to the latter’s statement.
Chinese VC firm Ganesh Ventures will be launching an India-focused fund with backing from Jack Ma, it announced on Tuesday.
Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
Sunway Group one of Malaysia’s largest conglomerates and KK Fund –a Singapore-based VC investing in seed stage startups across SEA, jointly established a new venture fund, Sun SEA Capital, with a planned size of $50 million to invest in Southeast Asian and Hong Kong startups according to their website.
In June, Chinese VC market hit a new record, driven by a monster US$14 billion series C round completed by Ant Financial, Alibaba’s financial services platform.