China Media Capital (CMC) has launched an investment platform, CMC Holdings, with capital commitments from Tencent Holdings Limited, Alibaba Group Holdings and Suzhou-based private equity firm Oriza Holdings. CMC Holdings, based in Suzhou city in Jiangsu province, aims to raise over RMB10 billion (US$1.58 billion) and serve as an investment and operations unit under CMC […]

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Shanghai-based Chinese online classified advertising firm Baixing.com, backed by GSR Ventures, has applied to list on China's New Third Board, or the National Equities Exchange and Quotations (NEEQ), according to a securities filing. The company is among a new wave of start-ups, which have previously received U.S. dollar funding with an intention to list overseas, […]

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