Bankers compare surge of acquisitions with Japanese boom of 1980s
2016-02-03
The price of oil, often used as a sort of thermometer to measure the health of the world economy, is also a barometer, warning of approaching geopolitical storms. And the security challenges implied by falling oil prices are likely to be more significa…
2016-02-03
China Merchants Bank Co., Ltd. has led a US$102 million series C round of financing in Chinese pet e-commerce company Boqii.com, according to Chinese media reports. Existing investors Goldman Sachs and other unnamed investors also participated. China Money Network cannot verify the details of the fundraising. The company says it plans to use the latest […]
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2016-02-03
A total of 221 healthcare deals with RMB15.7 billion transaction value were recorded in 2015, up 106% in terms of aggregate deal value, according to data released by Chinese data tracker IT Juzi. The deal value expansion is driven by acquisition deals by major traditional healthcare companies and big Internet companies including Alibaba Group Holdings […]
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2016-02-03
China's Enlight Media will invest USD30 million to acquire a 20% stake in Coveredge (Cayman) Inc. Coveredge's major product is …
2016-02-03
Dadabus, a Shenzhen-based mobile app developer providing bus booking services, has received RMB128 million (US$20 million) strategic investment from Shenzhen-listed plastic pipe maker, Fujian Newchoice Pipe Technology Co., Ltd., according to a disclosure document (in Chinese). In return, Newchoice Pipe will obtain a 18.69% stake in the start-up, meaning the two-year-old start-up is valued at […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2016-02-03
As of the end of 2014, around 10% of China's publicly listed firms are zombie companies, or companies that survives simply because of the support of lenders and the government, according to research by Caixin magazine. The number of zombie companies has been increasing since 2010. The ratio of zombie companies to public company total […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2016-02-03
Alibaba Group Holdings Ltd. has led a US$793.5 million new funding round in U.S. augmented reality (AR) start-up Magic Leap, Inc., the company said in a statement yesterday. Google Inc., Qualcomm Ventures, Legendary Entertainment, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Obvious Ventures also participated in the round. Other investors include Warner […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2016-02-03
Victor Xu, JD's president for international business unit, said during an interview that the company will soon launch a brand …