San Francisco-based beauty service booking mobile app maker StyleSeat Inc. has completed a US$25 million new financing round led by Fosun Group's venture investment arm Kinzon Capital, according to media reports. Lightspeed Venture Partners, Cowboy Ventures, and Slow Ventures also participated. Founded in 2011, StyleSeat provides beauty services bookings for customers. The company expects bookings […]

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Chinese venture and private equity firm SAIF Partners has appointed Indian executive Alok Goel as managing director responsible for making early-stage investments in India, according to media reports. Goel is formerly CEO of Indian online mobile card recharge platform, FreeCharge. In October 2014, SAIF Partners invested US$13 million in Indian jewellery retail chain Senco Gold […]

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China’s new RMB loans picked up to RMB1.27 trillion in June, up from RMB900 billion in May, beating market expectations as a result to recent monetary easing measures, according to data released by the People’s Bank of China. During the first six months, new RMB loans totaled RMB6.56 trillion, compared with RMB5.7 trillion for the […]

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Beijing-headquartered China International Capital Corp., backed by global private equity giants KKR & Co. and TPG Capital, is planning to raise approximately US$1 billion in an initial public offering in Hong Kong, according to media reports. The float, which may take place in October, will provide the Chinese financial services firm's private equity backers a […]

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China-focused distressed debt investment firm Shoreline Capital Management has held a final closing at US$195 million for a co-investment fund, according to media reports. A regulatory filing dated on June 10 discloses that the fund, named Shoreline III Co-investment L.P., has raised US$115 million by then. Representatives at Shoreline did not respond to inquiries to […]

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Shanghai-based healthcare mobile app maker Xingren has completed RMB200 billion (US$32 million) series B round of financing led by FountainVest Partners, according to Chinese media reports. Existing investors Sequoia Capital and Lightspeed Venture Partners also participated. Xingren, which means "almond" in Chinese, plans to use the proceeds to improve its mobile apps and expand market […]

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Hong Kong and Singapore Police have renewed a Memorandum of Understanding on police co-operation.

Commissioner of Police Stephen Lo and Singapore Police Force Commissioner Hoong Wee-teck signed the pact today in Hong Kong.

The pact covers combating cross-jurisdictional crime and developing Police co-operation between the two organisations.

“Singapore Police Force is a jewel in the crown of our international network. Our two police forces have been enjoying a long, fruitful and mutually beneficial relationship as important strategic partner of each other,” Mr Lo said at the signing ceremony.

Mr Hoong also noted the pact as a special milestone in the relationship between the Hong Kong Police Force and the Singapore Police Force.

The two organisations signed the first co-operation agreement in 2012, which will expire in October. Both sides agreed to renew the pact.