Shanghai-listed Hubei Kaile Science And Technology has acquired mobile Internet service provider Shanghai Vanzo Communication Technology, which is backed by China-focused private equity firm Spring Capital, for approximately RMB860 million (US$140 million), according to a securities filing. It is unclear when Spring capital Asia Fund GP, Ltd. made the investment in Vanzo. Spring Capital, with […]

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Chinese P2P (peer to peer) lending platform Wanglibao has raised US$40 million series B financing from Shenzhen-listed Hongli Opto-Electronic Co., Ltd., according to Chinese media reports. Launched in August 2014, Wanglibao previously received US$10 millions series A funding from IDG Capital Partners in February 2014. As of March 31, 2015, Wanglibao has accumulated over 250,000 […]

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Beijing-based online designated driver reservation services provider eDaijia has received US$100 million series D financing led by private equity firm Warburg Pincus, LLC, according to a company announcement. Existing investors Matrix Partners and Lightspeed Venture Partners also participated in the round, which values the technology start-up at US$800 million. The round follows a US$25 million […]

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CITIC Capital Holdings Limited has completed the acquisition of Mark Styler Co., Ltd., a Japan-based women's apparels maker, according to a company announcement. Specific deal terms were not disclosed. Mark Styler operates over 170 direct stores at major shopping centers across Japan. It also promotes its brands via e-commerce platforms. CITIC Capital will help Mark […]

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