An investor consortium composed of TPG Capital, Hong Kong-based private equity firm PAG Asia Capital and Ontario Teachers’ Pension Plan (OTPP) has completed the buyout of U.S. commercial real estate services provider Cassidy Turley, according to a company announcement. Deal terms were not disclosed. Cassidy Turley has also been merged with Chicago-headquartered property services firm […]

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Chinese search engine company Baidu recently reached an agreement with Nokia to provide map services to Chinese users outside China as Baidu aims to develop international businesses through mobile services. Nokia's map and navigation business Here announced that it will provide overseas map data to Baidu map, targeting the Chinese outbound tourist market. Here will […]

Hong Kong Stock Exchange-listed mobile game developer NetDragon Websoft Inc. says that its online education subsidiary has received US$52.5 million series A financing from IDG Capital Partners, Vertex Venture, a wholly-owned subsidiary of Temasek, and Shenzhen-listed animation producer Alpha Animation, according to a company announcement. The around values the online education arm, named Best Assistant […]

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Taiwanese computer power manufacturer Delta announced that its subsidiary Deltronic B.V. will acquire the entire stake in Eltek ASA, a Norwegian power management and sales company, for NOK3.9 billion, which is about CNY3.3 billion. Delta's chairman Yancey Hai and chief executive officer Ping Cheng jointly announced the news. Hai said that power electronics is the […]

Beijing-based mobile marketing solution provider OptAim has completed US$10 million series A financing from Bertelsmann Asia Investments (BAI), according to a company announcement. The proceeds will be used for product and technology research and development, strengthening up marketing and expanding into new markets. Founded in September 2012, OptAim helps advertisers improve their marketing return on […]

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Nanjing, Jiangsu province-based online food takeout service provider Line0.com has received US$30 million series B financing led by Tencent Holdings Limited, according to Chinese news reports. Sequoia Capital and Gobi Partners also participated in the round. The company previously received millions of U.S. dollar series A financing from Sequoia Capital, Gobi Partners, and Eastern Bell […]

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China's growth will slow further in 2015 to an annual expansion of 6.8%, as the ongoing property downturn continues to drag on construction, industrial production and related investments, says a research report by UBS AG. The year of 2014 started bumpy but ended on a positive note for China. Serious concerns on slowing growth and […]

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Private equity funds in Asia received an aggregate US$42 billion through exits in 2014, 68% higher than that of 2013, despite the number of exit deals dropping 16% to 270 last year, according to data firm Preqin. Globally, private equity funds enjoyed a year of strong exit activities as stock markets rallied. A total of […]

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Shanghai-based Chinese classified advertising website Baixing.com has received US$100 million series D financing from undisclosed investors, according to unverified Chinese media reports. Representatives at Baixing.com did not respond to inquiries to confirm the news. The proceeds will be used to enhance user experience and customer service, team-building and continued platform development, especially on mobile Internet. […]

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Chinese group buying website Meituan.com published its annual performance report for 2014, stating that the company realized trading value of CNY46 billion in 2014, a year-on-year increase of over 180%; and its market share reached over 60%, an increase of seven percentage points over 2013. Statistics from the website showed that in December 2014 alone, […]