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.
Xiaomi’s Smartwatch Partner Huami Corp Acquires US Sport Sensor Firm Zepp
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.
China’s Silk Road Fund To Invest In Saudi Power Generation Plant ACWA Power
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 Reportedly In Talks To Invest Up To $500M In Indian Budget Hotel Oyo Rooms
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.
Tencent, Alibaba May Buy Minority Stakes In WPP’s Chinese Operation To Boost Advertising Business
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.
Popular News App Toutiao May Acquire Chinese Online Eduction Firm Xuebajun
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.
Alibaba Buys $2.2B Stakes In China’s Digital Media Firm To Gain Offline Traffic
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 Logistics Makes Strategic Investment In Smartphone Repair Start-up Jikexiu.com
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.
Didi Chuxing Receives $500M Strategic Investment From Booking Holdings
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.
Ant Financial Makes A $120M Strategic Investment In Financial Information Provider Xueqiu
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.
Cainiao Continues Expansion With $290M Investment In Chinese Logistic Firm Dianwoda
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.
JD.com And L Catterton Asia To Invest $175M In Chinese Luxury Goods E-commerce Platform Secoo
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 Expansion In China: Invests $5M In Property Management Firm City Home
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.
Auto Financier Lionbridge Group Rides On Baidu’s Autonomous Driving Platform
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 P2P Lending Platform Furongbao Receives $121M Strategic Investment
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 Foreign Direct Investment In US Drops 92% In First Half
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 Makes $550M Strategic Investment In JD.COM
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 …
Tencent Said To Lead A $500M Deal In Korean Game Developer Bluehole
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.