Behind Ang Lee's new film "Billy Lynn's Long Halftime Walk" is an emerging movie powerhouse from China: the Fosun Group. Two of the film's producers, Studio 8 and Bona Film Group, count the Chinese conglomerate as a shareholder. Aside from providing capital to the movie, Fosun was instrumental in working with the film's production team […]
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Inspur Group and U.S.-based Cisco announced they have set up a joint venture and started formal operations in China. According …
Family offices in Asia Pacific saw a stronger performance in 2016 with a 3.9% gain year-to-date, following a flat 2015 where family offices' portfolio value remained unchanged, according to a report issued by UBS AG and Campden Wealth Research. Asia Pacific family offices hold relatively higher proportions of direct venture capital and private equity assets, […]
Chinese venture firm Fortune Capital has established a RMB100 million (US$15 million) fund to invest in military companies and projects, as the country continues to allocate increasing amount of funds to its military budget. China decided earlier this year to increase military budget by 7% to 8% in 2016, after annual double-digit growth since 2010. […]
Joyvio Group, a Legend Holdings portfolio company focused on the investment of agricultural assets, has made a RMB300 million (US$44 million) strategic investment in Chinese snacks maker Huawen Food, according to an announcement. "Through this investment and our strategic alliance, we hope to make Huawen Food a leading snack food brand in China, providing delicious […]
Shanghai-based mid-market private equity firm SMC Capital China has invested in a series A+ round in Huishoubao, a mobile phone recycling service provider. No financial details were disclosed. "Recycling is a mature concept and will be the future direction for China," says He Fan, CEO of Huishoubao, in a statement. "We need to make the […]
Four of China's largest Internet companies, including Alibaba, Tencent, Baidu and JD.com, are set to record a lower amount of investment in the U.S. this year, after a record year in 2015, according to CB Insights data. The companies, as well as Alibaba's financial services affiliate Ant Financial, struck 14 deals with US$1.8 billion in […]