IDG-Everbright M&A Investment Fund, an investment fund jointly launched by China Everbright Ltd. and IDG Capital Partners in June, has acquired a controlling stake in the Shanghai Film Art Academy, a full-day institute of higher education in film, according to a company announcement. The fund will acquire a controlling stake in the Academy for an […]
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Chinese private equity firm Primavera Capital Group and Ant Financial Services Group have agreed to invest a total of US$460 million in Yum China, as Yum! Brands completes a spinoff of its China Yum division, according to a company announcement. The spinoff and concurrent completion of the Primavera and Ant Financial investments are expected to […]
Hong Kong-based hedge fund eFusion has hired Daniel Heyler, a veteran technology equity analyst at Bank of America-Merrill Lynch, as chief executive officer, the company announced. Heyler will work closely with chief investment officer Fred Wong to focus on advancing its research capabilities, enhancing fund performance and growing assets under management at the firm, which […]
Chinese consumers are yearning for fresh vegetables and fruit, and a bevy of recent e-commerce agricultural deals are giving netizens …
China plans to grant foreign venture capital investors equal treatment compared to domestic firms and allow state-owned companies to set up their own venture funds, in accordance to a national strategy of creating an innovation-driven economy. According to a statement published on Xinhua from China's cabinet after a meet led by premier Li Keqiang, China […]
Taiwan-based semiconductor firm MediaTek has made a bet on India's online payments growth with a new US$60 million investment. Mountain …
Chinese e-commerce firm JD.com Inc. has established a strategic partnership with Yimutian, a controversial agricultural products supply and demand matching platform backed by Sequoia Capital and GX Capital. The two companies announced in Beijing yesterday that they would cooperate on agriculture financing services, agricultural product retail both online and offline. Founded in 2011, Yimutian, which […]
Hong Kong-based private equity firm NewQuest Capital Partners has acquired Integreon, Inc., a legal, document, business and research outsourcing firm, from LiveIt Investments Limited and Actis, the firm announced. Financial details were not disclosed. "Integreon fits with NewQuest’s strategy of investing in world-class companies where significant growth can be achieved with additional investments," says Amit […]
Microsoft announced that Microsoft Online, which was formerly known as MSN China, has reached a management buyout agreement to become …
Mountain Capital, the investment arm of Taiwan's semiconductor firm MediaTek, has invested US$60 million in Paytm, India's largest mobile payment and commerce platform 25% owned by Alibaba Group Holdings Ltd.'s financial services affiliate. The strategic investment was made at a US$4.83 billion valuation, and is part of a potential US$300 million round the company is […]