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.
American seed accelerator Y Combinator recently announced its China plans and appointed Baidu’s former COO Lu Qi as its CEO, according to a Chinese media report.
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.
Beijing-based OneSpace Technology, China’s first private rocket producer, has raised a RMB300 million (US$44 million) series B round led by CICC Jiatai Equity Funds, according to the company’s official announcement.
New Oriental Education & Technology Group has established a RMB1.5 billion (US$220 million) industrial fund to invest in Chinese educational companies, according to the company’s announcement at a press conference last Friday in Beijing.
Beijing-based Chinese children’s graded on-line reading platform Koala Reading has raised a US$20 million series B round led by GGV Capital and XVC Venture Capital, according to the company’s announcement.
Matrix-backed Chinese graphic social media tool Meipian, recently announced the completion of its series B round worth billions of RMB.
After completing the docking with Alibaba’s Tmall store, Ali Health, RT-Mart, Freshhema and other commercial entities, Ele.me announced that it had completed the entrance docking with Hellobike.
Lianxing Capital has raised strategic investment from many institutions including Huobi Global Ecosystem Fund, JLAB, and Gobi Venture Capital among others.
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.
To tackle China’s structural shortage of quality healthcare services, technology and innovation can play an important role beside regulatory reform, Jiang Xiaodong, managing partner of Chinese venture firm Long Hill Capital, told China Money Network.
Luxembourg-headquartered private equity fund CVC announced that its CVC Asia Fund IV has entered into binding agreements to invest HK$2 billion (US$255 million) of new capital for 25% in RKE International Holdings Limited, a toll road operator in China.
Guangdong-based agriculture products distributor Wangjiahuan has raised a RMB400 millon (US$58.7 million) series A round from Singapore-based logistics solution provider Global Logistic Properties (GLP), according to the company’s announcement.
Chinese medical solution provider Medlinker has raised a RMB1 billion (US$146.8 million) series D round led by China Capital Zhongcai Fund, an industrial fund management company jointly sponsored by China Investment Securities, Zhongcai Financial Holding Investment LTD and others.
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.
Sogou Inc., China’s second largest search engine after Baidu Inc., is becoming a smart hardware company powered by its artificial intelligence capabilities. That may be something Sogou founder Wang Xiaochuan would never have foreseen eight years ago when he founded the Internet company in Beijing.
China’s Aplus Capital has launched a RMB300 million (US$44 million) fund in Chengdu to invest in technology sector in Western China.
Cathay Capital announced it has raised EUR600 million (US$702.87 million) on its Cathay Midcap II, which is targeting EUR1.2 billion (US$1.4 billion).
Liu Cixin, author of The Three-body Problem, will join IDG Capital as chief thinker, the later announced on its official WeChat account.
Nathan Yu also known as Yu Ning, former vice president of Chinese automaker Geely Holding Group, has joined NIO Capital, a private equity fund established by Chinese electric car company NIO, as managing partner.
iCarbonX , a Chinese artificial intelligence-enabled health data mining start-up, has signed a strategic cooperation agreement with COFCO NHRI, the central research institute under Beijing-based agricultural conglomerate COFCO Corporation, to push for the dynamic blood sugar research and its related application development.
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.
It has been almost five years since Chinese President Xi Jinping first unveiled the Belt and Road Initiative (BRI) in 2013. The policy is a development strategy proposed by Beijing to improve connectivity and cooperation between Eurasian countries via infrastructure build-ups.
Airbus Beijing Engineering Center (ABEC) and the National Center for Nanoscience and Technology of China (NCNST) have established a lab focusing on nano composite materials, to research the application of such materials in the aeronautic sector.
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.
Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a US$250 million loan to improve irrigation services and management accountability in Indonesia.
Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a USD$600 million loan to increase the reliability and security of Turkey’s gas supply.
In the backdrop of rapid development of the small satellite market in China, a number of new start-up companies have emerged in China’s private commercial space sector starting in 2017. S-Motor, a space start-up backed by Shenzhen Oriental Fortune Capital Co., Ltd. and HIT Robot Group, has completed the design of its first commercial rocket power system.
The People’s Bank of China (PBOC) announced a cut of the Chinese bank reserve ratio for the third time this year in an effort to ease tight capital conditions, but analysts say the move will only have a limited impact and expects more credit easing in the coming months.
Beijing has established a RMB30 billion (US$4.6 billion) Beijing Science & Technology Innovation Fund, a fund-of-funds with an objective to invest in no more than 100 funds worldwide to support core technology innovations, instead of business model innovations.