Chinese bad debt manager China Huarong Asset Management Co., Ltd. has raised HK$17.8 billion (US$2.3 billion) in an initial public offering in Hong Kong. The state-owned asset management firm sold 15% of its enlarged share capital to investors at HK$3.09 per share, just slightly above its lower end of an indicative price range at a […]

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Chinese bad debt manager China Huarong Asset Management Co., Ltd. has raised HK$17.8 billion (US$2.3 billion) in an initial public offering in Hong Kong. The state-owned asset management firm sold 15% of its enlarged share capital to investors at HK$3.09 per share, just slightly above its lower end of an indicative price range at a […]

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Shanghai-based FineEx, a comprehensive logistics services provider, has completed RMB200 billion (US$32 million) new round of financing from Chinese logistics firm Transfar and Addor Capital. Founded in 2006, FineEx previously received tens of millions RMB in funding from Japanese outsourcing firm Transcosmos last year, according to Chinese media reports. FineEx focuses on providing comprehensive logistics […]

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CITIC Private Equity Funds Management Co. Ltd. (CITIC PE) has offered to acquire Singapore-listed medical device firm Biosensors International Group Ltd. for an undisclosed amount, according to a disclosure document. Biosensors, based in Singapore and with a market capitalization of S$1.1 billion (US$787 million), says it is currently reviewing the proposal, and there is no […]

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CITIC Private Equity Funds Management Co. Ltd. (CITIC PE) has offered to acquire Singapore-listed medical device firm Biosensors International Group Ltd. for an undisclosed amount, according to a disclosure document. Biosensors, based in Singapore and with a market capitalization of S$1.1 billion (US$787 million), says it is currently reviewing the proposal, and there is no […]

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Cura Investment Management (Shanghai) Co., Ltd., a Chinese private real estate investment firm, has completed initial public offering on China's New Third Board, or the National Equities Exchange and Quotations (NEEQ). According to a company announcement, Cura Investment has raised 56 funds since 2002 with combined assets-under-management of over RMB20 billion (US$3.15 billion) as of […]

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Suzhou city, Jiangsu province-based MabSpace Biosciences, a start-up focused on developing antibody therapeutics for cancer treatment, has completed US$15 million series A round of financing from Lilly Asia Venture. In an announcement, MabSpace Biosciences says it will use the proceeds on advancing its pipeline of therapeutic antibody programs into clinical studies and expanding discovery of […]

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Shanghai-based online education platform Hujiang.com has completed RMB1 billion (US$157 million) series D round of financing from China Minsheng Investment Corp. Ltd., Wanxin Media, and other investors. The company is in the process of corporate structure reorganization, and is planning an initial public offering inside China, according to announcements made at a press conference reported […]

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China Media Capital (CMC) says it has teamed up with its unit Ti’ao Power to secure the rights to broadcast China University Football League (CUFL) in the country for RMB8 billion (US$126 million). According to a company announcement, the deal is part of an investment CMC and Ti'ao Power have agreed to make into EuMedia, […]

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China Media Capital (CMC) says it has teamed up with its unit Ti’ao Power to secure the rights to broadcast China University Football League (CUFL) in the country for RMB8 billion (US$126 million). According to a company announcement, the deal is part of an investment CMC and Ti'ao Power have agreed to make into EuMedia, […]

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The Shanghaiist blog recently reported o…

Los Angeles-headquartered alternative investment firm Oaktree Capital Management, L.P. has secured RMB1 billion (US$158 million) at the final closing for its first Qualified Domestic Limited Partner (QDLP) fund, according to a company announcement. The Shanghai Oaktree I Overseas Investment Fund, L.P. received investments from Noah Holdings, CreditEase Wealth Management and Harvest Capital Management. Oaktree was […]

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Shanghai-based 9Now.cn, a location-based services (LBS) mobile app for restaurant booking management, has completed RMB500 million (US$79 million) series C round of financing, according to its website. Participating investors include Shanghai-based Yelp-like review website Dianping.com, Baidu Inc., Matrix Partners, and other undisclosed investors. Founded in 2013, 9Now.cn allows restaurant-goers and restaurants to better manage bookings. […]

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New York Stock Exchange-listed Chinese social networking firm Renren Inc. has completed an additional US$150 million preferred stock investment in San Fransisco-based online lending firm Social Finance Inc (SoFi), according to an announcement. Renren is planning to obtain US$130 million in bank loans to finance the investment. Just a few weeks ago, SoFi raised US$1 […]

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Morningside Ventures has completed raising its fourth China TMT (technology, media, telecom) fund, securing a total of US$660 million, according to securities filings. Three funds reached final closing in September. The Morningside China TMT Fund IV, L.P. raised US$400 million. The Morningside China TMT Special Opportunity Fund II, L.P. and Morningside China TMT Fund IV […]

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The annual growth rate of China's capital allocations to its "One Belt One Road" initiatives will double from 15% to 30% over the next three years, meaning a total of over US$200 billion will be spent on the initiative by 2018, according to estimates by UBS AG. Specifically, the initiative refers to the "New Silk […]

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The author is founder and CEO of T.H. Capital Tian X. Hou Baidu Inc.'s third quarter results are likely to be overwhelmed by the company's deals in the O2O (online-to-offline) space, but the level of uncertainties has already been mitigated. We believe Baidu almost has no alternatives but to invest in food delivery as well […]

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Shanghai-based ImbaTV, a live video broadcast platform focused on competitive video gaming, has completed RMB100 million (US$16 million) series B round of financing led by Chinese private equity firm Addor Capital, according to Chinese media reports. Prometheus Capital, an investment fund managed by the son of Dalian Wanda Group's chairman Wang Jianlin, also participated in […]

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Chinese conglomerate the Fosun Group has launched Fosun Eurasia Capital LLC, a Moscow-based financial services platform for Fosun's investment and asset management business in Russia and neighboring countries, according to an announcement. Fosun Eurasia will identify value investments in the region using Fosun's own capital, with an aim to strengthen the group's global investment capabilities. […]

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Beijing-headquartered China International Capital Corporation Limited (CICC) has begun roadshow in Hong Kong seeking to raise as much as HK$6.28 billion (US$810 million) in an initial public offering. CICC, the country's largest local investment bank backed by KKR & Co. and TPG Capital, says it will sell 611 million shares at a price range between HK$9.12 […]

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Suzhou city, Jiangsu province-based Suzhou Diezhi, the operator of Chinese mobile games targeting young female players, has completed RMB150 million (US$24 million) series B funding led by a unit of Orient Securities Co., Ltd., according to an announcement. Founded in 2013, Suzhou Diezhi develops a series of mobile games focused on young female players, including […]

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