Chinese real estate developer Greenland Holding Group Company Limited plans to acquire approximately 30% of Chinese luxury automobile dealership firm, China Rundong Auto Group Limited, for a total of HK$1.55 billion (US$200 million), according to a company announcement. After the completion of the deal, Greenland Financial Overseas Investment Group Co., Ltd., a wholly-owned subsidiary of […]

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Huaxing Capital, the principal investment arm of Beijing-based boutique investment bank China Renaissance, is targeting to raise US$150 million for its second investment fund, according to a securities filing. The latest vehicle, named Huaxing Associates GP II, follows Huaxing's debut fund that was launched in May 2013 with a fundraising target of US$100 million. Both […]

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Beijing-based Chinese Android tablet maker Jide Technology Co., Ltd. has completed a RMB100 million (US$16 million) series A funding round led by Trustbridge Partners, according to Chinese media reports. Taiwanese electronics manufacturer Foxconn Technology Group and Chinese e-commerce firm JD.com Inc. also participated. Founded in 2014, Jide develops a tablet product named Remix, which aims […]

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KKR & Co. has closed a US$400 million deal to acquire an 18% stake in Shenzhen-listed chicken meat producer, Fujian Sunner Development Co., Ltd., according to a company announcement. KKR acquired Sunner shares at RMB12.3 (US$2) per share, in a transaction first announced in August 2014. The new strategic partnership between the two parties aims […]

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Beijing-based e-commerce for JD.com, Inc. has agreed to invest HK$1.3 billion (US$170 million) for an approximately 10% stake in Hong Kong-listed software and cloud services firm, Kingdee International Software Group Company Limited, according to a company announcement. JD.com is to purchase Kingdee shares at HK$4.60 per share in cash, representing the average closing price of […]

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Japanese investment banking and securities firm Mizuho Securities Co., Ltd. has agreed to invest US$20 million toward a China-focused private equity fund jointly established by itself and a subsidiary of China Merchants Group Limited, according to a company announcement. The fund, named CMH Growth Fund, L.P., is seeking to raise US$200 million to US$250 million […]

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