Beijing-based short-video mobile app maker MiaoPai has completed US$200 million series D round of financing led by Weibo Corp, with participation from Sequoia Capital, South Korean entertainment firm YG Entertainment and others, according to the company's Weibo account. The latest round follows a US$50 million series C funding completed in September 2014 led by Kleiner […]

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State-owned utility fuels unease over surging infrastructure investment by China

Chinese device maker launches latest flagship model in an effort to revive flagging sales

Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation says it has received US$500 million investment from Chinese conglomerate HNA Group, according to a company press conference. Haikou, Hainan province-headquarter HNA Group, which holds assets in the tourism, aviation, investment and logistics, is making the investment as a strategic investor. The two companies […]

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China's National Integrated Circuit Industry Investment Fund Corporation (CICIIF), a national investment vehicle established in 2014 to support the growth of the integrated circuit industry in China, has agreed to invest RMB2.4 billion (US$376 million) in a subsidiary of Shenzhen-based mobile Internet service provider ZTE Corporation. In an announcement, CICIIF plans to acquire 24% of […]

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Global private equity firm Warburg Pincus has closed its latest global fund, Warburg Pincus Private Equity XII, L.P., at over US$12 billion in total capital commitments, say a company announcement. The fund was launched in May 2015, and has received commitments significantly in excess of its US$12 billion hard cap. Limited Partners include public and […]

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Shenzhen-based drone maker Flypro Aerospace Technology Co., Ltd. has completed RMB80 million (US$12.5 million) series A round of financing led by an investment arm of Chinese conglomerate Yihua Enterprise (Group) Co., Ltd., according to Chinese media reports. Flypro says it plans to use the proceeds on international expansion and product development. Founded in 2012, Flypro […]

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Institutional investors are increasingly making investments on their own, as a total of 456 direct investments with an aggregate US$154.4 billion in transaction value were recorded since 2012 to October 2015, according to a new report by Asia Private Equity Review. In particular, deal value more than doubled to US$47.5 billion during the first ten […]

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Chinese drone maker DJI is preparing to open its first offline flagship retail store in Shenzhen in December 2015. This new store in Shenzhen will have an area about 800 square meters, which is reportedly the company's largest retail investment in the world. The flagship store will display all products of the company, from high-end […]