SAIF Partners is reportedly targeting US$800 million for its fifth U.S. dollar fund, more than five years after its last U.S. dollar vehicle was closed, according to media reports citing insiders. The fund has a hard cap of US$1 billion, and will continue to focus on growth investments in the technology, healthcare and clean tech […]

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Hangzhou-based courier service firm Tian Tian Express has raised a RMB600 million (US$92 million) series A funding round led by CICC Qianhai Development Fund, according to China's official Xinhua News Agency. Other investors include Haier Venture Capital, Qingdao Haier's corporate venture arm, and Zhejiang Chengxiang Investments. The company says it will use the proceeds on […]

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Finance ministers and central bankers diverge on issues from Nirp and stimulus

PBoC governor says it must erase expectations on depreciation and plays down FX reserves fears

China Grand Automotive Services Co., Ltd., the nation's largest auto dealership previously owned by TPG, may soon become the world's largest. For the global private equity giant who offloaded its stakes over a year ago, will this provide consolation or provoke deeper regret? Maybe both. Or, maybe none, as it is the nature of the […]

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Shanghai-based CMC Holdings, an investment platform affiliated with CMC Capital Partners, has invest US$1 billion in Chinese sports management and marketing company SECA, according to Chinese media reports citing a press conference. The investment follows a US$100 million injection by CMC in the sports marketing firm last month. Founded by the former China head of […]

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Wanda Pictures, the film division of Dalian Wanda Group Co., is seeking to raise US$1.5 billion from Chinese investors at a US$5.3 billion valuation, the Wall Street Journal reported. Wanda Pictures comprises Wanda Group’s own movie-production business and Legendary Entertainment, a U.S. movie studio the Chinese conglomerate agreed to buy in January. The company, founded […]

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The average new home prices among 70 major Chinese cities increased 0.4% month-on-month. Prices of previously-owned homes went up 0.6% compared to December, according to data released by the National Bureau of Statistics of China. Prices increased the most in first and second tier cities, including Beijing, Shanghai, Guangzhou, Shenzhen and most of the country's […]

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China's pharmaceutical market is likely to reach US$315 billion in 2020 from an estimated US$48 billion in 2012, expanding at a compound annual growth rate (CAGR) of 26.5%, according to a new research report released by Research and Markets. The growth will be driven by increasing investment in China's pharmaceutical Research & Development sector, along […]

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Beijing-based Weiying Technology Co. Ltd., the operator of Tencent-founded movie ticket booking app Wepiao, has invested an undisclosed amount in Chinese animation firm Original Force, according to Tecent Technology. Founded in 1999, Original Force provides animation services to major Chinese movie studios, as well as producing its own animation series. The Nanjing-based firm also plans […]

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Ten months after Chinese Craigslist-like platform 58.com Inc. agreed to acquire 43.2% of unlisted rival Ganji.com, Yang Haoyong, founder of Ganji.com, has completely exited from the merged company. In an announcement, the company said that Yang will dedicate his time and attention to managing Guzi.com Inc., which operates 58.com's consumer-to-consumer used car trading platform. In […]

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Asus announced that the company has lowered its smartphone shipment target for 2016 from 30 million units to 25 million …

China's biggest ride hailing firm Didi Kuaidi is raising at least US$1 billion in a new fundraising round, five months after the company raised a record US$3 billion last September, according to the Wall Street Journal citing people familiar with the matter. The new funding round values the company at over US$20 billion, making it […]

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Chinese telecom device maker Huawei announced in Spain that the company has officially entered the PC sector by launching its …

Agreement with China on UN resolution would include a ban on aviation fuel exports

South Korea's apparel brand Eland recently signed an agreement with China's Wanda Group to establish a tourism joint venture in South Korea. This is reportedly the first cooperating result of the two parties since they…

First snapshot of data for 2015 highlights rising fears for global economy