Taopei-based Yuanta Financial Holding Co. has agreed to acquire 100% of Ta Chong Bank Ltd., a Taiwanese lender backed by the Carlyle Group, for approximately NT$56.6 billion (US$1.7 billion), according to a company announcement. The cash and stock deal provides Carlyle a much needed exit from an investment it made eight years ago. In 2007, […]

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Government-backed Shenzhen Capital Group Co., Ltd. has teamed up the Beijing Film Academy to launch a film and TV investment fund with a fundraising target of RMB5 billion (US$781 million), according to Chinese media reports. The fund, dubbed Beidian Hongtu Film, will first raise RMB2 billion (US$313 million) to invest in film and TV production […]

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Shanghai-based Internet TV startup Whaley Technology, co-founded by Chinese media mogul Li Ruigang, has received approximately RMB2 billion (US$313 million) investment from China Media Capital, Alibaba Group Holding Limited and Tencent Holdings Limited. Whaley Technology revealed the news at a product launch event in Shanghai yesterday, where the company revealed its first 55 inch 4K […]

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