Since China's securities regulator issued a draft rule to tighten control on reverse merger listings in June, the number of canceled back-door listings in the country has increased dramatically. The prices of shell companies, however, have risen as a result. In the four months between June to September, a total of 150 listed companies have […]
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SoftBank and Saudi Arabia’s sovereign wealth fund are preparing to launch a new global technology fund with a fundraising target of US$100 billion, in one of the largest investment funds ever created in the world. The SoftBank Vision Fund will be based in London and seeded with US$25 billion from SoftBank and up to US$45 […]
Dalian Wanda Group's e-commerce platform Ffan.com has led a RMB1.55 billion (US$230 million) series B funding round in Chinese smart parking mobile app operator ETCP in what the company claims to be the largest financing deal in the sector. The revelation of the investment follows a strategic partnership agreement announced by the two companies in […]
Morningside Ventures has led a nearly US$10 million series A funding round in TransThera Biosciences Co. Ltd, a Chinese biotech start-up specialized in developing novel new chemical entity drugs. Grand Yangtze Investment, a venture firm based in Shanghai, participated in the round as well. The company, located in the Pharma Valley of Nanjing's High-Tech Zone, […]
Hong Kong-listed asset management and strategic investment company AID Partners Technology Holdings Ltd. has agreed to acquire 50.01% of any.TV, the operator of YouTube partner network Freedom!, for HK$468 million (US$60 million). AID Partners is hoping to tap into the paradigm shift toward video platforms through the acquisition, and plans to help the platform grow […]