Beijing-based installment payment e-commerce firm Qufenqi has raised RMB3 billion (US$449 million) in pre-IPO investment from two A-share listed companies, with participation from existing investors. The two A-share listed companies are Beijing Phoenix Wealth Holding Group and Hangzhou Liaison Interactive Information Technology, the company said. China Money Network couldn't verify the identity of Beijing Phoenix […]
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.
China Everbright Ltd. has made an undisclosed strategic investment in Hope Education, which is affiliated with Chinese animal feed firm New Hope Group Co., according to an announcement. China Everbright Ltd. is investing via its RMB Mezzanine Fund. Hope Education says it will bring in other investors in preparation for a public listing, without disclosing […]
San Francisco-based Farallon Capital Management, L.L.C. has raised US$1.12 billion for two funds targeting special situations investments in Asia and Latin America, says a company announcement. The Farallon Asia Special Situations III, L.P. and Farallon Asia Special Situations Master III, L.P. will focus on acquisitions, recapitalizations or restructurings in the two regions, where distressed situations […]
Ant Financial has made an undisclosed strategic investment in iGoldenBeta, a smart beta securities platform backed by Chinese fund manager Harvest Fund. Ant Financial and Harvest Fund said they would work closely to bring smart beta investments, which aims to beat the market using a rules based and low-cost approach, to millions of Chinese investors. […]
CMC Capital has led a RMB100 million (US$15 million) series B+ round in Yitiao, an online video content producer and e-commerce start-up, according to Chinese media reports. Launched in 2014, Yitiao initially began as an online video producer, publishing lifestyle video series on Youku, Tuduo and other video platforms. The company started to sell lifestyle […]
Half of China's ten biggest unicorns, or start-ups valued at US$1 billion or above, are financial technology firms. Alibaba-affliated Ant Financial is the biggest unicorn in the country, worth a whopping US$60 billion, followed by peer Lufax at US$18.5 billion, according to a new report by iResearch. JD Capital-backed P2P (peer-to-peer) lending platform Jiedaibao, China's […]