LeSports Innovation Fund and its partners have invested RMB150 million (US$23 million) in Taiwanese live webcasting social platform 17 Media to help it expand its reach in the Greater China region, according to an announcement. Founded by Jeffrey Huang and Tai-Yuan Chen in 2015, 17 Media's webcasting social app allows users to do live broadcasts […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
CVC Capital Partners has completed the sale of Chinese overseas educational counseling service provider Education International Corporation to a consortium led by little-known NLD Investment LLP, a Chinese private equity fund, says a company announcement. The deal was done in partnership with the management and the founder of EIC. Financial details were not disclosed. There […]
China's securities regulators are reportedly suspending re-listings of U.S.-listed Chinese companies that have been privatized and seeking a float on domestic exchanges, according to Chinese media reports. Any privatized Chinese companies might face tougher restrictions on back-door listings, reorganizations and initial public offerings on domestic exchanges. The news hit companies that are in the process […]
The proportion of sovereign wealth funds investing in real estate and infrastructure has grown steadily over recent years, with 62% of sovereign wealth funds allocating to both asset classes as of early 2016, according to a report issued by Palico. Real estate remains a key component of most sovereign wealth fund portfolios, largely due to […]