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.
Alibaba, SoftBank Invest $222M In Indian E-commerce Platform Paytm Mall
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.
WuXi AppTec Leads Strategic Funding In US Healthcare AI Firm Insilico Medicine
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 Receives $100M Investment From Autohome
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.
Tencent, Geely Win Joint Bid For China Railway Wifi Provider
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.
Alibaba Invests In Parenting Portal And E-commerce Platform Babytree At Unicorn Value
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.
NetEase Acquires Minority Stake In American Video Game Studio Bungie For Reported $100M
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 Sells $502M Stake In Chinese Insurer To Mitsui Sumitomo
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.
JD.Com Invests $306M In Logistics Real Estate Developer ESR
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.
Dalian Wanda To Sell 5.11% Stake In Online Travel Firm For $186M
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.
JD.com Buys 10% Stake In China Logistics Property For $115M
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 Buys Daraz Group To Expand South Asia E-commerce
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.
Fosun Expands Consumer Portfolio With Austrian Lingerie Brand Wolford
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 Invests $236M In Chinese Energy Conservation Firm Shenwu To Increase Liquidity
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.
HNA Terminates SkyBridge Acquisition As CFIUS Sinks Another Deal
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.
Alibaba Taps Rural Growth With $717M Investment in Huitongda Network
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.
China’s Shopping Spree For UK Healthcare Assets Continues With DNAFit Deal
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 Online Education Platform Youdao Completes Series A Round, Reaching A Unicorn Valuation
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.
Tencent Looking To Acquire $485M Stake In Chinese Bullet Train WiFi Operator
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).
Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture
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.
WeWork, Naked Hub Announce Merger To Build One-Million Member Asian Co-Working Giant By 2021
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.
HNA’s Tianjin Tianhai Buying Dangdang E-commerce For $1.2B Despite Debt Woes
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 Maker AK Medical Buys Britain’s JRI Orthopaedics For $24M
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).
WeWork China To Acquire Chinese Co-Working Firm Naked Hub For $400M
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.
China-US Direct Investment Falls Sharply In 2017 Due To "Policy And Politics"
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.
Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
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.
Meituan Dianping Rumored To Buy Chinese Bike Sharing Firm Mobike For $3.7B
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 …
Softbank Vision Fund Teams Up With China’s GCL System To Set Up Solar Joint Venture In India
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.
Alibaba To Acquire Chinese Food Delivery Firm Ele.me At $9.5B Valuation
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.
Foxconn Buys US Consumer Electronics Manufacturer Belkin International For $866M
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.
Didi Chuxing Invests In Chinese Car Rental Service Yestock
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.