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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Beijing-based Dajie.com, a recruitment social networking platform, has completed RMB200 million (US$31.5 million) series D round of financing led by Shenzhen Cornerstone Capital, according to a company announcement. Existing investors North Light Venture Capital, SoftBank Capital and other investors also participated. Founded in 2008, Dajie.com previously received angel investment from Lei Jun, founder of Chinese […]

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Hangzhou-based local courier delivery service start-up 123Feng.com has completed US$13 million series A+ round from Matrix Partners and Lightspeed Venture Partners, according to a news story posted on the company's website. Launched in 2014, 123Feng.com received several million U.S. dollar series A funding from Matrix and Lightspeed in January. The start-up focuses on providing last […]

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Chinese search engine Baidu Inc. has led a major share swap transaction valued at US$3.4 billion, exchanging its stake in online travel search firm Qunar to shares of Ctrip.com International Ltd, according to a company announcement. The share swap is part of a broader business alliance between Ctrip and Qunar, two long-term rivals in China's […]

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