For LeEco chief executive officer Jia Yueting, his dream has no boundaries. LeEco, a company that started as an online video firm and expanded into everything from smartphones to smart vehicles, is expanding its real estate portfolio in China with a high profile deal in the country's capital. A company affiliated with LeEco, formerly LeTV, […]
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.
Tower Capital and Temasek Holdings have joined company founders to submit a bid to take Singapore-listed traditional Chinese medicine firm Eu Yan Sang International private in a deal that values the company at S$269 million (US$196 million). The investment consortium is proposing to acquire the company's outstanding shares at S$0.60 per share, which represents a […]
IFC and ADM Capital, an investment firm focused on stressed companies in Asia and Europe, have launched a lending platform to support financially stressed companies in Asia, according to an announcement. The ADM Capital Somei Lending Platform targets to raise US$200 million in total. IFC and another unnamed financial institution have each committed seed capital […]
Westport, Connecticut-based U.S. hedge fund manager Bridgewater Associates has won approval to register a wholly owned subsidiary in Shanghai to access China’s financial markets, according to a filing at the Shanghai office of the State Administration for Industry and Commerce. The filing shows that Bridgewater's founder Ray Dalio registered Bridgewater (China) Investment Management Ltd. on […]
Shanghai-based online sports information community HuPu.com, backed by Greenwoods Asset Management Ltd., Morningside Ventures and other investors, is seeking a domestic initial public offering to raise RMB420 million (US$64 million). Shanghai-listed Chinese sporting goods firm Guirenniao Co., Ltd. holds a 16.1% stake in Hupu.com, and the two companies are engaged in strategic cooperation including plans […]
Meridian Capital China, a Chinese venture capital firm focused on the TMT (Technology, Media, and Telecommunications) sectors, has launched its fifth RMB fund with a target to raise RMB2 billion (US$305 million), according to Chinese media reports. Shanghai United Media Group, Oriza Holdings and Gopher Asset Management, the private equity arm of NASDAQ-listed Noah holdings, […]
The list of Chinese tech unicorns, or start-ups with a valuation of US$1 billion or more, just got one more member. Alibaba Pictures says its online ticket booking unit has raised RMB1.7 billion (US$260 million) in a series A round of funding led by CDH Investments, Ant Financial and Sina Corp, according to a disclosure […]
China Investment Corp (CIC) and the country's state-backed Silk Road Fund have agreed to each invest US$100 million in BOC Aviation Ltd.'s US$1.1 billion Hong Kong initial public offering in the largest listing by an aircraft lessor in the past five years. Among the IPO's 11 cornerstone investors, China Development Bank International Investment Ltd. has […]