The Li Ka Shing Foundation, a charitable organization founded by Hong Kong tycoon Li Ka-shing, disclosed that Li and three of his foundations have purchased 2.8% of Postal Savings Bank of China Co. Li Ka-shing has absolute confidence in the Chinese bank, and is investing as a personal long-term investment, according to an announcement. Li […]
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Zhongnan Capital, a direct investment fund under Chinese property and construction conglomerate Zhongnan Holdings Group Co., Ltd., has invested nearly RMB100 million (US$15 million) in Owtware (Shanghai) Technology Ltd., an enterprise Software as a Service (SaaS) firm. "Cloud computing has become the core of the IT sector, and is increasingly driving enterprise innovation," says an […]
Huasheng Capital, a venture capital unit of Chinese investment banking firm China Renaissance Partners, has led a new funding round in ZMlearn.com, an online education start-up. The company says it will use the proceeds, amounting to hundreds of millions RMB, to improve the network of partnering teachers, enhance its online exercise database, and further cooperation […]
Principle Capital and Shanghai Elegant Investment Co., Ltd have led a RMB300 million (US$45 million) funding round in Hongyuan Era Sports Industry Group, a Chinese sports training, events and technology company. The two investment firms are both founded by former executives at Huaxia Fund Management Group Ltd., a Chinese investment management firm. Enthusiasm in the […]