GF Xinde Investment Management has led a RMB100 million (US$15 million) series A+ round in Gegejia, an e-commerce start-up focused on bringing imported food products to Chinese consumers. Existing investors Shunwei Capital and Ping An Ventures also participated. The company says it will use the proceeds on building up its supply chain, improving its product […]
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A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on the speed of securing market […]
China Everbright Ltd. (CEL) has completed the buyout of Tirana International Airport SHPK, Albania's only international airport, as the first deal conducted by an infrastructure investment fund the company is currently establishing. The vehicle, named China Everbright Overseas Infrastructure Fund, is founded by CEL with an objective to invest in overseas infrastructure projects in line […]