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Asia’s Richest Man Says No Economic, Property Collapse In China

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.

Report: Chinese Consumption To Reach $6.4T In 2025

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.

General Atlantic-Backed Xiabuxiabu Files For HK IPO

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 …

ClearVue Partners Leads Series B Round In Fruitday

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.