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Strategic Deals

Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech

LexinFintech, a fintech platform for educated young adults in China, announced on Wednesday that it has entered into an agreement…

Baidu Injects $202M Into Chinese Tech-Focused Neusoft For Industry Intelligent Upgrade

Baidu is making a strategic investment of RMB1.443 billion (US$202.81 million) in Neusoft Holdings, a Chinese investment company that primarily…

ByteDance Completes Acquisition Of Chinese Wikipedia-Like Site Baike.com

ByteDance, the Beijing-based company behind the popular short-video app TikTok, has acquired Chinese Wikipedia-like website Baike.com to step up its…

Alibaba Acquires NetEase Kaola For $2B Eyeing China’s ‘Infant’ Import E-Commerce Market

Alibaba Group Friday announced the acquisition of Kaola, an import e-commerce platform operated by NetEase, for about US$2 billion, paving…

JD Digits Eyes Opportunities In China’s Low-Tier Cities Via Investment In Jianwang

JD Digits, the financial unit of Chinese e-commerce giant JD.com, announced on Thursday that it has made a strategic investment…

Meitu To Boost Beauty App Popularity Via $50M Deal With Online Job Hunting Platform

Meitu is investing HK$395 million (US$50.36 million) in DaJie Net Investment Holdings Ltd., an online social networking and job hunting…

Tencent Raises Stakes In China’s Animation By Injecting $125M Into Kuaikan

Chinese internet powerhouse Tencent has poured US$125 million into a new funding round in Kuaikan Manhua, an online and mobile…

Chinese Autonomous Driving Unicorn Pony.ai Teams Up With Toyota

Chinese autonomous driving unicorn Pony.ai announced on Monday that it has teamed up with Japanese multinational automotive manufacturer Toyota on…

WeRide.ai Launches JV To Offer Autonomous Vehicle-Enabled Taxi Service

WeRide.ai, a Chinese self-driving start-up specialized in level 4 autonomous vehicles, has teamed up with the largest traditional taxi firm…

Didi Chuxing Unveils JV With British Oil Major BP To Build EV Charging Network In China

Chinese ride-hailing giant Didi Chuxing announced on Thursday that it has teamed up with British oil and gas major BP…

Chinese E-Signature Start-Up BestSign Merges With Homegrown Rival

Chinese electronic signature start-up BestSign announced on Wednesday that it has merged with a Beijing-based counterpart, 51signing.com, to join forces…

New York-Listed New Frontier To Buy Chinese Private Hospital Operator For $1.44B

New Frontier Corporation, the New York-listed investment vehicle affiliated with New Frontier Group, has agreed to purchase Chinese hospital operator…

Toyota Pours $600M Into Didi Chuxing As The Duo Expands Collaboration In MaaS

Chinese ride-hailing giant Didi Chuxing announced on Thursday that it has concluded an agreement with Toyota, in which the Japanese…

Property Developer Greenland Injects Capital Into Start-Ups Eyeing China’s High-Tech Space

Greenland Holdings announced on Friday that it has become the second-largest shareholder of two Chinese technology start-ups through equity investments,…

Chinese Medical Device Provider Blue Sail Picks Up 10.16% Stake In Artificial Heart Developer

Blue Sail announced on Wednesday that the company and some of its executives have paid RMB101.60 million (US$14.71 million) for…

Three Of Chinese ‘Big Four’ Banks Grant Dubai’s Oil And Gas Giant ENOC $690M

Dubai's Emirates National Oil Company (ENOC) announced on Monday that it has raised a five-year loan of US$690 million provided…

Chinese Property Developer Greenland Pours $43M To Bet On Smart City Development

City Cloud International, a Chinese high-tech firm specializing in cloud computing and big data, announced on Monday that it has…

Chinese Data Center Operator Wangsu Plans To Sell Its Controlling Stake For $506M

Chinese investment firm Guangxi Investment Group last week entered into a preliminary agreement to spend RMB3.503 billion (US$506.79 million) for…

JD.com Merges Second-Hand E-Commerce Unit With Aihuishou In $500M Deal

Chinese e-commerce giant JD.com announced on Monday that it has inked an agreement to lead an over US$500 million new…

Chinese Property Developer Further Expands Into EV Space By Buying Out UK’s Proteam

China Evergrande Group announced on Thursday that it has acquired Proteam, a British developer of in-wheel electric motor technology for…

China’s Fosun Acquires German Automated And Flexible Production Systems Maker FFT

Fosun International announced on Thursday the completion of the acquisition of FFT GmbH & Co. KGaA (FFT), a German provider…

JD.com Makes Strategic Investment In Lenovo’s Smart Retail Unit To Expand Offline Presence

Chinese e-commerce giant JD.com announced on late Thursday that it has made a strategic investment in Lecoo, a smart retail…

Nasdaq-Listed Chinese Used Car E-Commerce Platform Uxin Gets $230M Fresh Funds

Chinese used car e-commerce platform Uxin Limited announced on Wednesday that it will raise US$230 million in a new funding…

Singapore-Listed Real Estate Giant CDL Unveils Nearly $1B China Property Deal

Singapore-listed property major City Developments Limited (CDL) announced on Wednesday it entered into agreements to invest a total of nearly…

JD Logistics Pours $54M Into Xinning Logistics To Join Forces In Internet Of Vehicles

A wholly-owned subsidiary of JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, has inked a strategic investment agreement…

Chinese State-Owned Electronics Firm CEC Pays $547M For Stake In Network Security Giant

Chinese state-owned telecom equipment producer China Electronics Corporation (CEC) has inked an agreement to pay RMB3.731 billion (US$547.36 million) for…

Chinese Smart Home Appliances Enabler Orvibo Secures $19M In Series C Round

Chinese smart home firm Orvibo secured RMB130 million (US$19.08 million) in a series C round of financing led by Midea…

China’s WuXi AppTec Acquires US Clinical Research Service Firm Pharmapace

Chinese pharmaceutical and medical device firm WuXi AppTec has acquired Pharmapace, Inc., a US-based clinical research services company that provides…

Chinese Big Data Unicorn Jusfoun Gets 18% Shares From HK-Listed M&A Fund Manager

Greatwalle Inc, a Hong Kong-listed company mainly engaged in (mergers & acquisitions) M&A fund business, announced on Tuesday that its…

Chinese EV Battery Maker Phylion Gets $120M As It Considers Listing On New Tech Board

Chinese lithium-ion battery maker Phylion Battery has secured RMB810 million (US$120.15 million) in a pre-IPO (initial public offering) funding round…

CITIC Capital Acquires China’s Hangzhou UCO Cosmetics In Carve-Out Deal

CITIC Capital Partners, the private equity arm of Hong Kong-based investment management and advisory firm CITIC Capital, announced on Monday…

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