To turn the tide against extremism, Middle Eastern countries must be able to provide economic opportunities to their people, secured through trade, investment, and jobs. In this fundamental respect, China has much to offer – and its president has once again shown his determination to offer it.
2016-01-29
Shanghai-listed real estate developer Shandong Tyan Home Co., Ltd. says it has agreed to invest US$20 million in We Doctor Group Ltd., an online healthcare service provider formerly named GuaHao.com, according to a disclosure document (in Chinese). In September 2015, GuaHao.com completed US$394 million new round of financing led by Hillhouse Capital and Goldman Sachs. […]
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2016-01-29
The traditional holiday cash squeeze has been exacerbated by sharp capital outflows
2016-01-29
Qiming Venture Partners has invested over RMB4 billion (US$600 million) in healthcare companies in the past seven years, accounting around 40% of its aggregate invested capital, says the company in a release today. The China-focused venture firm's healthcare team, led by managing partner Nisa Leung, made 12 healthcare investments, with an average check amount of […]
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2016-01-29
CMC Holdings, an investment platform affiliated with China Media Capital (CMC), has agreed to acquire 29.55% of Hong Kong-listed sportswear manufacturer Meike International Holdings Ltd., according to a disclosure document. Allan Yap, Meike's executive director and its largest shareholder, has agreed to sell his entire holding of 350 million ordinary shares to CMC Holdings for […]
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2016-01-29
Chinese digital media and display advertising firm Focus Media Holdings Limited, which completed an A-share backdoor listing last December, plans to invest RMB100 million (US$15 million) in a Chinese finance media mobile app as a way to expand its businesses. In a disclosure document (in Chinese), Shenzhen-listed computers and accessories maker Hedy Holding Co., Ltd., […]
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2016-01-29
The formal chairman of TITH Holdings Co., Ltd., a unit of Tsinghua Holdings, has raised RMB1 billion (US$152 million) for a new fund-of-funds focused on investing in Chinese angel investment vehicles, according to Chinese media reports. Qunzi Capital, the new investment firm founded by Qin Qun, has secured RMB300 million during the first twenty days […]
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2016-01-29
The Chinese government faces a tougher balancing act in 2016, as it cuts capacity and leverage while ensuring minimum growth of 6.5% to achieve a well-off society by 2020, says a new research report by Standard Chartered. The bank believes that the government is unlikely to tolerate a growth rate lower than 6.5% for the […]
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2016-01-29
Smartphone shipments in China grew 3% annually to hit a record 438 million units in 2015. Xiaomi maintained first position and captured 15% smartphone market share in the country, according to the latest research from Strategy Analytics. "China smartphone shipments declined 4% annually from 123 million units in the fourth quarter 2014 to 117.9 million […]
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2016-01-29
Suzhou-based antibody discovery and development start-up Adagene Inc. has completed a US$28 million series B financing led by GP Healthcare Capital, according to a company announcement. New investor New World TMT and existing investors Eight Roads Ventures China, formerly Fidelity Growth Partners Asia, F-Prime Capital, formerly Fidelity Biosciences, and WuXi Corporate Venture Fund, also participated […]
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2016-01-29
NASDAQ-listed Canadian Solar Inc. has entered into agreements to receive a financing package of up to US$70 million in loans and equity investment from the International Finance Corporation (IFC), says a company announcement. Canadian Solar, founded by Chinese entrepreneur Dr. Shawn Qu with most of its manufacturing facilities in China, will receive loans of up […]
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2016-01-29
Even though China saw a decrease in the past year of newly launched smartphones, the statistics on the total number …
2016-01-29
Asia-focused private equity firm RRJ Capital has made a near threefold return on its investment in Chinese education O2O (online-to-offline) company Tsingda eEdu Corporation, FinanceAsia reported. RRJ Capital sold its roughly 20% stake in Tsingda for about US$140 million to an unnamed Chinese trust company in a sale that values Tsingda at around US$700 million. […]
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2016-01-29
‘We haven’t singled you out as a place to send deadbeat politicians. We send them everywhere’