Chinese private equity firm JD Capital claimed it is not in the business of private equity in order to enter a planned innovation market in the country's New Third Board, attracting regulator examination and industry controversy. After a list of companies allowed to go into the innovation market was revealed last week, numerous private equity […]
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China Everbright Ltd. (CEL) has teamed up with IDG Capital Partners to jointly launch a M&A investment fund in China with RMB20 billion (US$3 billion) total committed capital to help mature Chinese companies grow and scale, says a company announcement. The IDG-Everbright M&A Investment Fund has completed the first round of fundraising of RMB10 billion, […]
Fifteen years ago, some staid Chinese manufacturers got sexy by calling themselves Internet companies, and China Unicom's latest move into …
Following Foxconn's USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate …
Sequoia Capital, Matrix Partners, 500 Startups, virtual reality (VR) firm HTC and dozens of other investors have formed a Virtual Reality Venture Capital Alliance, aiming to invest US$10 billion in the VR and augmented reality (AR) sectors globally. The Alliance will meet six times a year in Beijing and San Francisco, hoping to invest in […]
China Logistics Property Holdings, formerly known as Shanghai Yupei Group with backings from RRJ Capital, Temasek Holdings and the Carlyle Group, has attracted Anbang Insurance and Sino-Ocean Group as cornerstone investors for a planned Hong Kong IPO, according to media reports. The cornerstone investors will subscribe to over half of the shares being offered in […]