Asia-focused alternative investment management firm Hillhouse Capital Management has led US$50 million series B financing round in Indian automobile classified ads web platform CarDekho.com, according to a company announcement. Tybourne Capital and Sequoia Capital also participated in the round, which increased the valuation of CarDekho's parent company, Girnar Software, to approximately US$300 million. "We see […]

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Hong Kong-listed China Traditional Chinese Medicine Co. Limited has agreed to acquire 81.48% of Jiangsu province-based Jiangyin Tianjiang Pharmaceutical Co., Ltd., which is backed by China International Capital Corporation (CICC), according to a company announcement. The cash transaction, which would allow two CICC funds to make an exit from its investment in Tianjiang Pharmaceutical, is […]

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Chinese Internet giant Tencent Holdings Limited plans to acquire Chinese online gaming portal 17173.com from NASDAQ-listed online game operator Changyou.com Limited for US$1 billion, according to unverified Chinese media reports. Upon completion of the transaction, Games.qq.com, the online gaming media of Tencent's official website, will merge with 17173.com and integrate the latter's human resources to […]

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Back in 2002, the China scholar (and my …