Hangzhou-based Internet security firm FraudMetrix has completed US$30 million series B round of financing led by Qiming Venture Partners, according to an announcement posted on the company's Weibo account. Existing investors China Broadband Capital, IDG Capital Partners, China Growth Capital, and Linear Venture also participated. Founded in 2013 by former employees of Alibaba Group Holdings, […]

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Beijing-based online dating platform Baihe.com has completed RMB1.5 billion (US$242 million) new round of financing, and is planning for an initial public offering on China's domestic stock exchange by the end of this year, according to Chinese media reports. The investors' identities are not revealed, but reportedly include several publicly listed Chinese companies and a […]

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China's sovereign wealth fund, China Investment Corporation (CIC), has created a new direct investment arm with US$5 billion in seed capital to help Chinese companies invest overseas, according to statements made by a senior government official quoted by Chinese media. Gu Dawei, a director in charge of overseas investment at China's National Development and Reform […]

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The California Public Employees' Retirement System (CalPERS) has teamed up with Australia-based investment firm QIC to launch a US$789 million partnership to invest in Asia Pacific infrastructure projects, according to an announcement. The partnership will operate through an investment vehicle created specifically for the purpose, and will look to invest in high-quality infrastructure assets in […]

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