Alibaba Group Holdings Ltd. is rumored to be buying Wandoujia, a Beijing-based Android mobile app distribution platform backed by SoftBank Corp., Goldman Sachs, DCM and Innovation Works at a greatly discounted price. The price for the 100% buyout is reportedly around US$200 million, a fraction of the US$1 billion valuation at the time of Wandoujia's […]
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Oriza Seed Venture Capital, Boyu Capital and WuXi Healthcare Ventures have invested RMB975 million (US$150 million) in CStone Pharmaceuticals Co., Ltd, a bio-pharmaceutical company devoted to developing new treatments for various major diseases. This is the company's series A round. At the same time, CStone announced that Frank Jiang, a former pharmaceutical executive most recently […]
Chinese private equity and venture firm Ants Capital has led a US$39 million series C round in Ayla Networks, a cloud platform-as-a-service (PaaS) provider for the Internet of Things (IoT) sector. 3NOD, an original design manufactuer (ODM) of smart lifestyle products, new investors Mitsui and Acorn Pacific also participated in the round, says a company […]
KKR is to make a partial exit from Chinese car dealership China Greenland Rundong Auto Group Ltd. while the company's previous control shareholder exited after a one-year stint and company founder regained majority control, according to a disclosure filing. The global private equity giant has agreed to sell 168 million convertible preference shares for an […]
JD Finance CEO Chen Shengqian revealed that the company's joint venture with ZestFinance, an American Internet financial company specializing in …