Chinese social media giant Tencent Holdings Ltd. is leading a deal to acquire as much as 10% stake in Korean game developer Bluehole Inc. for more than US$500 million, according to a Wall Street Journal report citing insiders.
China’s largest retailer Alibaba Group Holding has joined SoftBank to invest 15 billion India rupee (US$222 million) in Indian e-commerce platform Paytm Mall, as part of the 30 billion India rupee funding commitment initially announced in April, according to Indian local media reports.
Shanghai-based pharmaceutical and medical device firm WuXi AppTec has led a strategic funding round in Insilico Medicine, a Baltimore-based artificial intelligence company specializing in the application of deep learning for target identification, drug discovery and aging research.
Chinese used car auction platform Tiantianpaiche has received US$100 million strategic investment Autohome, a Chinese automobile online platform, according to Tiantianpaiche’s announcement on its official WeChat account.
Chinese social media giant Tencent Holdings Ltd and automaker Zhejiang Geely Holding Group have won a joint bid to obtain a 49% stake in High Speed Network Technology Company, which provides WiFi and technology services to high-speed rail customers across China.
China’s largest retailer Alibaba Group Holding Ltd has made a strategic investment to acquire 10% stake in Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc., valuing the later at RMB14 billion (US$2.19 billion), according to Chinese media reports citing insiders.
Chinese Internet and online gaming company NetEase, Inc. (NASDAQ: NTES) has acquired a minority stake in American video game developer Bungie Inc., the company announced today.
Commonwealth Bank of Australia (CBA) will sell 37.5% stake in Chinese insurer BoComm Life Insurance Company Limited to Japan’s Mitsui Sumitomo Insurance Co., Ltd for RMB3.2 billion (US$502 million), according to the bank’s announcement.
Chinese e-commerce firm JD.com Inc. has invested US$306 million in Warburg Pincus-backed Asian logistics real estate developer and operator ESR Cayman Ltd., according to an announcement by ESR today.
Chinese conglomerate Dalian Wanda Group has agreed to sell a 5.11% stake in an online travel agency for RMB1.18 billion (US$186.12 million) to Overseas Chinese Town (Asia) Holdings Limited ("OTC"), a Chinese developer and operator of commercial properties, including theme parks and malls.
China’s second-largest online retailer JD.com has acquired 10% of Hong Kong Stock Exchange-listed China Logistics Property Holdings (CNLP) for HK$899 million (US$114.52 million), according to CNLP’s security filing.
Alibaba Group is continuing its acquisition spree in South Asia with news that it has acquired one of the region’s largest e-commerce platform, Daraz Group.
Chinese conglomerate Fosun International Limited has acquired a 50.87% stakes in Bregenz, Austria-based lingerie brand Wolford AG to become the company’s largest shareholder, according to Wolford’s announcement.
GSR Capital has made a strategic investment of RMB1.5 billion (US$235.87 million) in Chinese energy conservation and environmental protection firm Shenwu Group.
Chinese conglomerate HNA Group and U.S. alternative investment firm SkyBridge Capital, founded by former White House Communication Director Anthony Scaramucci, have agreed to terminate HNA’s plan to acquire the fund.
China’s e-commerce giant Alibaba Group Holding will invest RMB4.5 billion (US$717.2 million) in Huitongda Network Co., an e-commerce platform serving rural consumers, in a bid to expand its sales outside major cities.
Alibaba-backed genetic testing and digital health company Prenetics has acquired UK-based consumer genetic testing firm DNAFit, the latest in a series of Chinese investments in U.K healthcare assets.
NetEase Youdao, an online education subsidiary of China’s second-largest game publisher NetEase, has completed its series A round of funding with a valuation of US$1.1 billion led by Mooc-CN Education, with participation by Legend Capital.
Chinese social media giant Tencent Holdings will bid for a stake in the company that provides WiFi services on China’s bullet trains in a deal worth more than RMB3.05 billion (US$485 million).
Chinese Internet giant Tencent Holdings Ltd. has set up a joint venture with Chinese automobile manufacturer Changan Automobile Co., Ltd. to co-develop autonomous driving technologies and connected vehicle platforms.
Co-working space operators WeWork China and naked Hub today announced a deal to join forces to build a community with one million members by the end of 2021, in the biggest deal for WeWork and the biggest deal for the co-working sector in Asia.
Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group, best known for acquiring American company Ingram Micro in 2016, is acquiring the assets of e-commerce platform Dangdang for RMB7.5 billion (US$1.2 billion).
Chinese orthopaedic implant company AK Medical Holdings Limited has announced the acquisition of JRI Orthopaedics Limited, a U.K. firm that designs, manufactures and supplies orthopaedic implants and related instruments, from Orthopaedic Research UK for £16.73 million (US$23.7 million).
Global co-working giant WeWork’s China unit is reportedly buying Chinese shared office space startup naked Hub for US$400 million according to sources close to the deal.
Investment flows between China and the U.S. fell sharply in 2017, brought on by a combination of “policy and politics,” according to a new report by the Rhodium Group.
Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media.
Chinese group-buying and location-based services firm Meituan Dianping is reportedly in talks to buy bike sharing firm Mobike for US$3.7 billion, according to Chinese media reports citing insiders. Both Meituan and Mobike did not respond inquiries from China Money Network to confirm the news. Insiders say that the two parties are likely to announce the deal soon, but the talks could still fall apart. Last month, Meituan was reportedly leading a new financing round in Mobike. Meituan is rumored to …
GCL System Integration Technology Co., LTD (SZ: 002506), a subsidiary of Chinese clean energy conglomerate GCL, announced that it has signed a memorandum of understanding with Softbank Vision Fund to set up a solar joint venture in India.
Chinese tech giant Alibaba Group has announced that it will acquire all outstanding shares that it does not already own in online food delivery company Ele.me, in a deal valuing the target company at US$9.5 billion.
A subsidiary of Taiwanese consumer electronics firm Hon Hai Precision Industry Co., or Foxconn, announced that it has agreed to acquire Belkin International, Inc., an American manufacturer of consumer electronics that specializes in connectivity devices, for approximately US$866 million in cash.
China’s largest car-hailing firm Didi Chuxing has invested in Shenzhen-based Yestock Car Rental Company Limited to become an "important shareholder," according to Yestock’s announcement.