Mergers and acquisitions targeting China and Hong Kong slumped to US$108.9 billion in total deal value during the third quarter, the second lowest level since the fourth quarter 2014, according to a new MergerMarket report. Similarly, M&A value during the first three quarters dropped 19.5% year-on-year to US$315.8 billion from US$392.3 billion, driven by a […]
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The back-door listing plan of China's largest express delivery firm S.F. Express has been approved conditionally by Chinese securities regulator, paving the way for the transaction to press ahead toward completion in the next couple of weeks. S.F. Express, backed by CITIC Capital Holdings Ltd., Oriza Holdings and China Merchants Group, said in May that […]
General Motors Co. has made an undisclosed amount of strategic investment in Beijing-based Feezu, a self-service car rental start-up that allows users to rent and return cars anywhere anytime without interacting with customer service staff. Founded in November 2014, Feezu provides an open car rental platform that allows users to rent cars by the hour. […]
5Lmeet, a space sharing start-up founded by Sequoia Capital China, Zhen Fund, China Equity Co., Ltd and a former China Vanke executive, has raised over RMB400 million (US$60 million) in a series A round led by Junzi Capital and Jinyun Electrical, a small electricity company. A number of Chinese investors, including Banyan Capital, also participated […]