China's venture capitalists remain cautious during the third quarter, having inked 84 venture deals with total deal value of US$3.9 billion during the third quarter. Despite a slight increase in deal numbers, total deal value dropped 32% quarter-on-quarter, signaling continued sluggishness in Asia's dominate venture market. The findings are part of a new report released […]
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Hong Kong-based private real estate investment firm Gaw Capital Partners has teamed up with Australian property investor Abacus Property Group to launch a US$200 million fund to invest in industrial assets along the eastern seaboard of Australia. The Abacus GAW Investment Trust (AGIT) will initially acquire two properties, including an industrial asset in Melbourne and […]
Less than two months after Didi Chuxing struck a Uber China acquisition to establish itself as the absolute ride sharing leader in the country, new start-ups are mushrooming left and right trying to take away users as strict new regulations threaten to put Didi under intense pressure. Everbright Financial Leasing Co., Ltd. today said it […]
Baidu Inc. has established an investment vehicle called Baidu Capital with a fundraising target of RMB20 billion (US$3 billion) to make mid- to late-stage investments in Internet companies, as the Chinese Internet giant plays catch up with peers on key technology investments. The vehicle will aim to spend US$50 million to US$100 million or more […]
China's proposed new rules on the ride-sharing industry may limit the supply of drivers working for consumer-to-consumer platforms such as Didi Chuxing, which would benefit business-to-consumer operators such as Ucar Inc., Fitch Ratings says in a report. The draft implementation details of the ride-sharing regulation, which were announced by various Chinese cities over the past […]