Holding on means hollowing out the institutions on which the future must be built
2016-02-17
YouAppi, a start-up providing services to help mobile apps acquire new users, has completed a US$13.1 million series B funding round from Hawk Ventures, Global Brain, Click Ventures, and other investors, according to a company announcement. Digital Future, Emery Capital, Altair Capital, existing investors Glilot Capital Partners, 2B Angels and Flint Capital also participated in […]
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2016-02-17
Beijing’s lending to the region reaches new high, though incoming governments may reassess value
2016-02-17
Epidemiologists know that spending a large amount of money up front can be far more effective than spending the same amount over several years. The same approach must be applied to the migrant crisis, where large investments are needed to avert an epid…
2016-02-17
Haoxiangni Chinese Date Industry Stock Co. Ltd, a Shenzhen-listed Chinese jujube red dates maker, has agreed to acquire private equity-backed Chinese snack food retailer Baicaowei for around RMB960 million (US$147 million), according a disclosure document (in Chinese). The sale will allow Haitong-Fortis Private Equity, a joint venture between Haitong Securities and BNP Paribas Investment Partners, […]
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2016-02-17
Village destroyed and 9,000 people to be relocated for scheme
2016-02-17
As domestic market uncertainties persist, Chinese outbound real estate investment reached nearly US$30 billion last year, doubling that of 2014, according to a new report issued by global property consultancy Knight Frank. The jump in overseas real estate investments by Chinese buyers is driven by the devaluation of the RMB and Chinese stock market turbulence, […]
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2016-02-17
China’s 58 Daojia, the O2O (online-to-offline) local services firm launched by 58.com Inc., has acquired a venture-backed manicure-booking mobile app Dudu Meijia, says Chinese media reports. Financial details of the transaction are not disclosed. After the completion of the deal, Dudu Meijia and 58 Daojia will continue to operate independently. They plan to integrate their […]
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2016-02-17
Premier’s call for better communications sparks flurry of PR activity
2016-02-17
Mobi Magic, a mobile app developer backed by Qihoo 360 Technology Co. Ltd., has raised a US$100 million round co-led by Qihoo 360 and Frees Fund, according to an article by state-owned China News Services. The start-up received over US$80 million investment in 2015 from Qihoo 360 and an executive from Beijing Kunlun Tech Co., […]
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2016-02-17
Singapore's Temasek Holdings Pte pared its holdings in Alibaba Group Holding Ltd. in the fourth quarter, according to a filing with the U.S. Securities and Exchange Commission. The Singaporean state-owned investment firm sold 548,769 American Depositary Receipts (ADR) of Alibaba, cutting its shareholding to 47.5 million. The value of Temasek's Alibaba holding increased by US$1.03 […]
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2016-02-17
Satellite images show weapons stationed on territory contested by Tawian and Vietnam
2016-02-17
Distressed debt fund managers focused on North America and Europe have seen their dry powder increase by US$9.1 billion to a total of US$55 billion at the end of 2015, the largest increase since 2010, says data released by industry tracker Preqin. Fundraising for these regions remained steady in 2015, as 11 funds closed raising […]
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2016-02-17
Wang Sing, a former partner at global private equity giant TPG, has been appointed as an executive director and chief executive officer of Hong Kong-listed China Minsheng Financial Holdings Corporation Ltd., effective today, according to a disclosure document. China Minsheng Financial, formerly know as China Seven Star Holdings Ltd., says Liu Tianlin will step down […]
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2016-02-17
Cathay Innovation, a venture capital fund affiliated with Sino-Europe private equity firm Cathay Capital Private Equity, has co-led a US$35 million financing round in U.S. data wrangling firm Trifacta, according to a company announcement. Existing investors Accel Partners, Greylock Partners and Ignition Partners also joined the round, which brings the start-up's total venture fundraising to […]
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2016-02-17
Credit surge in January shows Beijing values development more than taming its debt bubble
2016-02-17
Chinese mobile Internet services provider NetQin Mobile announced that Justin Chen is the company's president and general counsel. After taking …