Guangzhou-based smart point-of-sales (POS) solutions start-up Yunnex has completed RMB100 million (US$16 million) series A+ round of financing from Chinese venture firm FH Capital, with participation of GSR Ventures, according to Chinese media reports. Yunnex's main product is an Internet-based POS device that incorporate two-dimensional bar codes, coupons, messaging, e-commerce platforms and sales management software, […]

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Chinese Internet giant Tencent Holdings Limited is to invest US$1 billion in the merged Meituan-Dianping entity, which is the largest on-demand local services provider in China, at a valuation of around US$20 billion, according to media reports. In October, Shanghai-based Yelp-like review website Dianping.com and Beijing-based group discount platform Meituan.com agreed to merge. The result […]

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Global investment firm KKR & Co. L.P. and Los Angeles-based media holding company the Chernin Group, LLC has jointly launched an investment fund to back fast-growing media and entertainment companies across Asia. In a joint announcement, KKR says it has committed up to US$300 million to the new investment vehicle, named Emerald Media, from its […]

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