Chinese private equity group Orient Hontai Capital has agreed to buy a 53.5% stake in Spanish media firm Imagina Media Audiovisual, valuing the target company at an enterprise value of EUR1.9 billion (US$2.34 billion).
Fosun International Ltd. (00656:HK) and London-based healthcare and life science company Arix Bioscience plc (LSE:ARIX) have jointly announced a strategic agreement to develop and commercialize new clinical therapies for patients with a focus on the Chinese markets.
Citic Capital-controlled Harbin Pharmaceutical Group Holding, known as Hayao, has agreed to invest US$300 million in U.S.-based health and wellness retailer GNC Holdings, becoming the single largest shareholder in NYSE-traded GNC.
American nutrition supplements company Herbalife Ltd. announced today it has created a “China Growth and Impact Investment Fund” to accelerate growth of its business in China.
Alibaba Group Holding Ltd. will invest around RMB5.45 billion (US$865 million) for a 15% strategic stake in Beijing Easyhome Furnishing Chain Store Group Co., Ltd. as part of its "New Retail" business model, the company announced Sunday.
Tencent Holdings Ltd. said it plans to invest RMB3 billion (US$474 million) in Chinese online gaming firm Shanda Games in exchange for an undisclosed stake in the target company, according to an official announcement.
China’s 200 million children under the age of 14 have a new lesson to learn: censorship.
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion.
U.S. pharmaceutical giant Pfizer has taken a financial stake and entered into a two-year research collaboration with NetVation DL Medicine, a privately held biotechnology company that is backed by Chinese Academy of Sciences.
Didi Chuxing launched its car sharing platform today, as it continues to expand from its core ride sharing business to new sectors including bus sharing, bike sharing, car rental, online car sales and after-sales services.
China will need to upgrade its regulatory framework and infrastructure before it becomes a leader in the autonomous vehicles space, according to a study by KPMG. In the report, China came 16th on a list of 20 nations in terms of readiness for autonomous vehicles, just below Spain, but ahead of Brazil, Russia and India.
China Money AI is our news writing robot. These articles are edited by humans Tencent has invested over RMB100 billion (US$16 billion) in more than 600 companies during the past six years to build an empire worth over US$500 billion, making it the sixth biggest company in the world. Now the Chinese social networking and gaming giant is eyeing the next battlefield it plans to win: the core retail business of its arch rival Alibaba Group.
China’s tech giant Baidu Inc. is seeking a new funding round of up to US$2 billion for its wholly-owned finance unit to push into the financial services sector and compete with Alibaba Group Holding Ltd and Tencent Holdings Ltd, according to media reports citing insiders.
Chinese electric vehicle manufacturer Future Mobility Corp’s brand Byton has partnered with U.S. autonomous driving technology firm Aurora to incorporate Level 4 autonomous-driving capabilities into Byton vehicles.
Venture capital firm IDG Capital has invested RMB1 billion (US$159 million) in Hangzhou-based new energy vehicle firm SKIO Matrix Co., Ltd., according to the company’s official WeChat account.
Tencent Holdings Ltd. is reported to have lead a RMB10 billion (US$1.59 billion) deal to invest in Chinese menswear group Heilan Home Co Ltd., the latest in a string of investments in the brick-and-mortar retail space by Tencent as it competes with e-commerce giant Alibaba.
Ping An Healthcare And Technology Co., Ltd., which operates the popular healthcare and medical mobile app Ping An Good Doctor, has been cleared for a US$5 billion initial public offering in Hong Kong.
Chinese agribusiness company New Hope Group has led a US$92 million series B round in Meiliche Financial, a secondhand car financial services platform, with participation from personal finance management firm Wacai, the company announced.
Faraday Future, the Los Angeles based electric car company run by China’s Jia Yueting, who also founded LeEco, has filed a lawsuit against Evelozcity, a start-up founded by its former chief financial officer Stefan Krause, for allegedly stealing trade secrets.
Tencent Holdings Ltd. has teamed up with investors including Suning Holdings Group, long-time partner JD.com Inc. and Chinese property developer Sunac China Holdings Group to acquire around 14% of Dalian Wanda Commercial Properties Co. for approximately RMB34 billion (US$5.4 billion), the Chinese social networking and gaming giant said today.
China’s largest ride hailing firm Didi Chuxing has established a new artificial intelligence lab in Beijing to support its development on smart transportation technology.
China’s e-commerce giant JD.com Inc. is in talks to sell 15% of its logistics unit, JD Logistics, to a group of early investors including Tencent Holdings Ltd., JD.com’s founder Richard Liu said in an interview with media.
China’s Tencent Holdings Ltd. has made a strategic investment in American media company Skydance Media, LLC as part of a production and distribution partnership, according to Skydance’s announcement.
China’s tech giant Baidu Inc. is again losing artificial intelligence talent. Wu Xuebin, Baidu’s vice president in charge of autonomous driving has resigned, just as the company is accelerating its push into autonomous vehicles.
Ping An Ventures, the direct investment arm of Ping An Insurance (Group) Company of China, Ltd., has led a US$100 million series A round in Philadelphia-based biotherapeutics company Tmunity Therapeutics.
Chinese tech giant Tencent Holdings Ltd. and Shanghai Stock Exchange-listed Yonghui Superstores has signed a term sheet with Carrefour regarding a potential investment in Carrefour China, the French retailer announced today.
Chinese state-backed car maker Beijing Automotive Group’s (BAIC Group) will list its electric vehicle business unit, BAIC BJEV on the Shanghai Stock Exchange at a valuation of RMB28.8 billion (US$4.5 billion).
U.K.-listed Intermediate Capital Group (ICG) and its funds have acquired a 100% stake of Singapore’s private eduction institution PSB Academy (PSB) from Baring Private Equity Asia (BPEA).
Chinese investment banking firm CEC Capital Group has announced the promotion of John Song, Gang Li and Zack Zhang to partner, as the firm aims to broaden and deepen its coverage to a new class of rising Chinese enterprises.
The government of Shenzhen has banned the deployment in its city of bikes by Bluegogo, the bike sharing start-up controlled by China’s largest ride sharing firm Didi Chuxing, citing problems with bad debts.
Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., has led a RMB100 million (US$15 million) series B round in Space Cycle, a Taiwanese fitness brand.