China inked 97 outbound M&A deals worth US$40.7 billion during the second quarter, 23% and 132% higher than the same period in 2015, according to a new report issued by Baker & McKenzie. The focus of China's outbound investments was on technology and industrials. The former saw 15 deals worth US$17 billion, and the latter […]
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Bain Capital Private Equity and Goldman Sachs have agreed to acquire a majority stake in Korean cosmetics firm Carver Korea from existing shareholders, according to an announcement. No financial details were disclosed. The company plans to use the proceeds on further domestic growth and overseas expansion. After the completion of the deal, which is Bain […]
A unit of China Resources Holdings has invested an undisclosed amount in Meituan-Dianping, the largest on-demand local services provider in China, according to a company announcement. The strategic investment will see the state-owned conglomerate to establish a strategic partnership with Meituan-Dianping, initially on projects that will combine China Resources' retail assets with Meituan-Dianping's online platforms. […]
Banyan Capital, Chengwei Capital, Morningside Venture Capital, BAI and Lightspeed China Partners have invested RMB300 million (US$45 million) in a series A round in DotC United, a Hong Kong-based mobile application developer. Launched in 2015 by mobile advertising firm Avazu Holding, DotC United developed several mobile apps including Swift WiFi and Flash Keyboard. DotC United […]