Beijing-based oncology research and development firm BeiGene (Beijing) Co., Ltd., backed by Hillhouse Capital and CITIC Private Equity, has filed for an initial public offering in the U.S., according to a securities filing. The prospectus did not reveal any financial details of the offering yet, but it is disclosed that Hilhouse Capital owns 9.9% and […]

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Chinese Internet knowledge sharing start-up Logical Thinking has completed an undisclosed series B round of financing led by China Media Capital (CMC), with participation from Qiming Venture Partners. The amount of the funding round was not disclosed, but the two-year-old start-up is reportedly valued at RMB1.32 billion (US$208 million), says Chinese media reports. "Digital content, […]

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Beijing-based chauffeured rental car services provider Yidao Yongche has received US$700 million strategic investment led by Chinese entertainment and technology conglomerate LeTV Holdings Group, according to Chinese media reports. LeTV is to obtain a controlling stake of the car rental start-up, says reports citing an internal letter, as part of LeTV's strategy to build its […]

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