iQiyi Sports, the sports platform of Chinese online video firm iQiyi, has raised a RMB500 million (US$73 million) strategic investment led by IDG Capital.
Huami Corporation, the maker of Xiaomi’s Mi smart wrist band, announced that it has entered into an agreement to acquire core assets of Zepp International Ltd., a multi-sport sensor technology company based in San Jose, California.
ACWA Power, a Saudi developer, owner, and operator of power generation and water desalination plants, has announced that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power ("CSP") project in the United Arab Emirates.
Tencent Holdings Ltd. is in talks to lead a financing round of between US$300 million to US$500 million in Indian budget hotel brand Oyo Rooms, according to Indian media insiders.
China’s internet giants Alibaba Group Holding Ltd., and Tencent Holdings Ltd. are in talks to acquire a minority stake in British advertising and public relations firm WPP, according to British media insiders.
Chinese personal news recommendation app Toutiao is reportedly closing a deal to acquire part of Chinese online education firm Xuebajun’s businesses, according to Chinese local media insiders.
E-commerce giant Alibaba Group Holding Ltd., has agreed to buy a 10.3% stake in Shenzhen-listed digital media company Focus Media Information Technology for RMB15 billion (US$2.23 billion), according to the latter’s security filing.
JD.com’s logistics unit JD Logistics has led an undisclosed series B round in in Chinese smartphone repair start-up Jikexiu.com, as a strategic cooperation.
China’s ride-hailing giant Didi Chuxing has received a US$500 million investment from NASDAQ-listed online accommodations and travel e-commerce firm Booking Holdings as a part of a strategic partnership.
Alibaba’s financial affiliate Ant Financial has made a US$120 million series D round in Chinese financial information service provider Xueqiu, according to the latter’s announcement.
E-commerce giant Alibaba Group Holding Ltd’s logistic arm Cainiao Network has made a strategic investment of US$290 million in Hangzhou-based logistic service provider Dianwoda to become its controlling shareholder, according to Dianwoda’s announcement.
China’s second largest retailer JD.com has partnered with L Catterton Asia, the Asian unit of global consumer-focused private equity firm L Catterton, to invest US$175 million in NASDAQ-listed luxury e-commerce platform Secoo Holding Limited as part of a partnership.
Airbnb China, also known as Aibiying in China, has invested US$5 million in Beijing-based short-term property management start-up City Home to improve its apartment offering and services.
China’s largest search engine Baidu, plans to make a strategic investment in Chinese auto and logistics financier Lionbridge Group, to expand its autonomous driving push.
Chinese peer-to-peer lending platform Furongbao announced that it has received a RMB800 million (US$120.6 million) series B round, strategic investment from a controlling shareholder of Wanjiale Gas Appliances, a Chinese household appliances manufacturer.
Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months this year, representing a 92% drop from the same period in 2017, and the lowest half-year figure in seven years, according to New York-based research firm Rhodium Group.
Google will invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership, according to JD.com’s announcement. The deal marks JD.com’s latest globalization efforts to rival Alibaba Group Holding and amazon.com Inc. In February, CEO Richard Liu announced plans to invest at least 1 billion Euro to build a logistics network in France. In April, JD.com launched its Spanish website joybuy.es to target 400 million Spanish-speaking users. Last year, the company formed a …
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.