Chinese ‘H’ shares look cheap — and not just relatively

Alibaba Group Holding Limited, SoftBank Group Corp and Foxconn have led a US$500 million new funding round in Indian e-commerce firm Snapdeal, according to a Twitter message posted by the company's CEO. Existing investors Temasek Holdings, BlackRock, Inc, Myriad and Premji Invest also participated. In October 2014, SoftBank invested US$627 million in SnapDeal, which is […]

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Tencent Holdings Limited has invested US$50 million in Canadian chat start-up Kik Interactive Inc. in a round that values the six-year-old company at US$1 billion, according to a company statement. Founded in 2009, Kik has raised nearly US$40 million in financing from investors including Valiant Capital Partners, Millennium Technology Value Partners and SV Angel. Waterloo, […]

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A six-months-old healthcare O2O (online-to-offline) start-up founded by Shanghai Pharmaceuticals Holding Co., Ltd. has completed RMB1.112 (US$174 million) series A funding with participation from JD.com Inc. and IDG Capital Partners, according to a securities filing. Shanghai Pharmaceuticals, listed on the city's stock exchange, is leading the round, injecting RMB900 million (US$141 million) via a share […]

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Shanghai and Shenzhen reverse steep losses as volatility returns in force

Asia-focused alternative investment management firm Hillhouse Capital Management has secured US$200 million capital commitment from Stanford University, according to media reports. Representatives at Hillhouse cannot be reached to confirm the news. Hillhouse, with over US$18 billion under management, is reportedly partnering with Tencent Holdings Limited in July to launch a Chinese public equity investment fund. […]

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San Francisco-based home-sharing platform Airbnb Inc. has established a partnership with Sequoia China and China Broadband Capital to widen its foothold in China, according to a company announcement. The two China-focused venture capital firms will help find a chief executive officer for Airbnb's China business and to expand its presence in the country. In June, […]

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Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd. has teamed up with Legend Capital to launch a RMB153 million (US$24 million) investment fund, according to a company announcement. La Chapelle, backed by Legend Capital, Boxin Capital, Shanghai Ronggao Venture Capital, Asia Alternatives Management LLC. and Orchid Asia Group Management Ltd., will contribute RMB150 […]

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Greater integration in global economy reduces effect of foreign exchange movements on exports

Sacramento, California-based cancer screening biotech firm Anpac Bio-Medical Science Co., Ltd. has completed series A round of funding from Shanghai Zhangjiang Science & Technology Investment Corporation, according to a company announcement. The round is worth several million U.S. dollars, says the statement. Anpac is focused on cancer screening and early cancer detection by analyzing simple […]

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Parkson Retail Group and South Korea's Eland Group have established a joint venture which will open the first City Lifestyle Mall in China. With the cooperation, Parkson and Eland will jointly invest CNY100 million to…

Hangzhou-headquartered Chinese auto parts maker Wanxiang Group Corporation has teamed up with U.S. private equity firm Geolo Capital to invest US$1 billion in the U.S., according to a company announcement. The pair have already completed purchases worth US$400 million, including acquiring the luxury Ventana Inn & Spa in California from Walton Street Capital and Oaktree […]

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It would be a brave investor who errs on the side of optimism

Taiwanese smartphone maker HTC announced that the company plans to cut 35% of its operational expenses by laying off 15% of its employees worldwide. HTC's new operating plan also covers the establishment of new business units. With clearer goals, the company will drive profitable growth in key sectors such as high-end smartphones, virtual reality, and […]

Fears over China and US Fed policies spur exodus

Detentions suggest new intensity to cleanse internet of cyber criminals and political dissent