Beijing-based Chinese group discount platform Meituan.com is in the process of raising over US$1 billion in its series E financing round with a valuation that could exceed US$15 billion, according to media reports. The fundraising plans are at an early stage, and the final results may still change. In January, Meituan.com just received US$700 million […]

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Taiwanese telecommunications firm Far EasTone Telecommunications Co. and Morgan Stanley Private Equity Asia (MSPEA) have agreed to acquire Taiwan's largest cable operator China Network Systems (CNS) for approximately US$2.3 billion, according to media reports. The two parties will acquire CNS from Asia-focused private-equity firm, MBK Partners, which bought a 60% stake in the Taipei-based cable […]

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Shunwei Capital, a venture capital investment firm co-founded by Chinese entrepreneur Lei Jun, has launched two new U.S. dollar funds, seeking to raise US$500 million for each vehicle, according to regulatory filings. Founded in 2011 by Lei Jun, founder of Chinese smartphone maker Xiaomi Inc., and veteran investment manager Tuck Lye Koh, Shunwei currently manages […]

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China's consumer price index (CPI) edged up slightly to 1.4% year-on-year in June, up from 1.2% in the prior month, as food prices rebounded in the month, according to data released by China's National Bureau of Statistics. On a monthly basis, the CPI remained unchanged, versus a 0.2% decline in the prior month. Producer price […]

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Sino-French private equity firm Cathay Capital Private Equity has invested in French pharmaceutical development and manufacturer the Cenexi Group, according to a company announcement. Deal terms were not disclosed. Paris-based Cenexi Group is previously a subsidiary of the Roche Group, and has the largest production site for sterile ampoules in Europe. The company became an […]

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