Chinese mobile marketing platform Mobvista has raised RMB200 million (US$32.21 million) from a media fund launched by Shanghai Media Group and Chinese online video platform Mango TV, according to Chinese media reports. The company says it will use the proceeds to expand internationally and to strengthen its mobile marketing and game distribution channels. Founded in […]

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China-focused distressed debt investment firm Shoreline Capital Management has teamed up with Los Angeles-headquartered Oaktree Capital Group to acquire Chinese non-performing loan (NPL) for US$168 million, according to media reports. Shoreline Capital is reportedly contributing 51% of the deal value, while Oaktree will commit the remaining 49%. Representatives at both firms did not respond to […]

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China's exports in rose 2.1% year-on-year in June, compared with a decline of 2.8% the prior month, according to data published by the General Administration of Customs. Export numbers are above market consensus of a 1.2% gain. During the first six months of the year, exports rose about 0.9% year-on-year in RMB terms. Imports dropped […]

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Chinese contract research and development services provider for the pharmaceutical industry WuXi PharmaTech (Cayman) Inc. says its small-molecule drugs manufacturing subsidiary is in the process to raise RMB499 (US$80 million) from 33 unnamed Chinese institutional investors, according to a company announcement. The unit, SynTheAll Pharmaceutical Co. Ltd., has agreed to issue 7.16 million new common […]

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