Global private equity giant the Blackstone Group L.P. has transferred its Hong Kong based M&A advisory business, the Blackstone Advisory Partners Asia, to an independent advisory firm established by the head of the unit, Anthony J. Steains, according to a company announcement. The new entity, Hong Kong-based Comprador Limited, will continue to advise blue-chip corporates […]

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Shanghai-based cosmetics e-commerce platform Lili & Beauty has completed US$100 million series B financing led by China-focused venture firm Crescent HydePark, according to media reports. Chinese venture and equity investment firms Milestone Capital and New Access Capital also participated in the round. Founded in 2007, Lili & Beauty received undisclosed series A financing in 2012. […]

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Beijing-based social networking mobile app maker Qingchifan has completed an undisclosed series B financing led by Vertex Venture Holdings, according to media reports. Existing investor Sequoia Capital also participated. Launched in February 2014, Qingchifan allows users to invite others to eat together in a restaurant, and therefore expand their social circle. The company received undisclosed […]

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Hong Kong-based private equity firm Ascendent Capital Partners is reportedly seeking to raise US$500 million for its third fund, according to media reports. Representatives at the firm did not immediately respond to inquires to confirm the news. Founded in 2011 by former D.E. Shaw and Goldman Sachs executives Meng Liang and Kevin Zhang, China-focused Ascendent […]

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