Shanghai-based Linqu, a Chinese mobile app offering last mile delivery services for fast-moving consumer goods and food, has completed an undisclosed series B round of financing led by Qiming Venture Partners, according to Chinese media reports. Existing investor IDG Capital Partners also participated. The round is reportedly worth US$10 million. The company completed an undisclosed […]

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JD Capital has agreed to acquire Belgian insurer Ageas' life insurance business in Hong Kong for HK$10.7 billion (US$1.4 billion) in cash, according to a company announcement. Brussels, Belgium-headquartered Ageas acquired Pacific Century Insurance in 2007, and re-branded the company to Ageas. Ageas' life insurance business in Hong Kong currently has over 2,500 financial advisors […]

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Chinese private equity firm JD Capital has agreed to invest RMB400 million (US$63 million) in Beijing-based O2O (online-to-offline) education platform Gaosi Education, according to a company announcement. Gaosi Education says it will use the proceeds on platform expansion and team building. JD Capital and Gaosi Education also says they plan to establish an education investment […]

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