Would most people who click on this headline agree with Asia's riches man, Dalian Wanda Group's chairman Wang Jianlin, that there is no fear of economic or property collapse in China? Why? You don't? Mr. Wang, who's worth almost US$37 billion and whose time is obviously very expensive, can only spend a minute explaining it to you.
Legend Holdings Ltd. has made a RMB400 million (US$61 million) strategic investment in Liquor Easy, an O2O (online-to-offline) start-up providing 20-minute express delivery of liquor products to consumers, according to an announcement (in Chinese).
Shenzhen-listed Chinese diamond jewelry brand Ideal has teamed up with Jinding Capital to launch a RMB600 million (US$93 million) investment fund to back jewelry-related downstream industries, according to a company announcement.
Chinese raw milk producer China Zhongdi Dairy Holdings Co., Ltd., backed by CITIC Capital and Vertex Investment, is seeking to raise as much as HK$508.4 million (US$65.6 million) in an Hong Kong initial public offering, according to a securities filing.
Chinese consumption is poised to surge from US$3.7 trillion in 2014 to US$6.4 trillion in 2025, resulting in US$56 trillion of cumulative spending over the next decade, according to a new report from The Demand Institute, a think tank jointly operated by The Conference Board and Nielsen.
Beijing-based online community services O2O (online-to-office) platform Beequick has completed US$70 million series C round of financing from Hillhouse Capital, Tiantu Capital and Sequoia Capital.
Baring Private Equity Asia has acquired a 40% stake in U.K.-based manufacturer of cereals and cereal bars, Weetabix Food Company, to help the company expand in China, according to a company announcement.
Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has filed with the Hong Kong Stock Exchange for an IPO, according to a regulatory filing. The size or the pricing of the IPO have not been determined. Earlier this year, it was reported that Xiaobuxiabu was planning a US$300 million IPO. In 2012, General Atlantic acquired a majority stake of Xiabuxiabu from emerging markets private equity specialist Actis Capital for an undisclosed amount.
Beijing-based Chinese high-end flower and gift O2O (online-to-offline) business roseonly has received close to US$10 million series C round of financing from IDG Capital and Accel Partners, according to Chinese media reports.
Shanghai-based Chinese private equity firm ClearVue Partners says it has led a US$10 million financing round for China-based Japanese restaurant operator Akasakatei, according to an announcement of ClearVue.
Shanghai-based fresh fruit e-commerce platform Fruitday has raised tens of millions U.S. dollars in series B financing, according to Chinese media reports. ClearVue Partners led the round. Existing investor SIG Asia Investments also participated. The company previously received several millions of RMB in angel investment in 2011, and several million U.S. dollars series A funding from SIG Asia Investments in 2013.