Hillhouse Capital, Tencent Holding Ltd. and New Hope Group have joined a US$40 million series B funding round in Doumi, a part-time job and recruitment platform. Existing investors Banyan Capital and Blue Lake Capital also participated in the financing round, which the company announced during a press event in Beijing celebrating its one year anniversary. […]
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Beijing-based distressed asset manager DCL Investments, a spin-out from China-focused distressed debt firm Shoreline Capital, has raised over RMB3.7 billion (US$500 million) for its debut fund. The vehicle is co-founded and backed by CDH Investments, and will focus on investing in non-performing loans, high yield bonds, special situations and rescue financing in China. "We estimated […]
China Life Insurance Co. Ltd. has led an investor consortium to acquire a stake of a portfolio of U.S. hotels worth roughly US$2 billion from private investment firm Starwood Capital Group. China's largest insurance company will serve as the lead investor to the investor group, which includes unnamed sovereign wealth funds and other investors. The […]
Cross-border venture capital firm Walden International has led a US$11 million series B funding round in MEMS Drive, Inc., a developer of MEMS magnetic actuator. A MEMS magnetic actuator is a device that uses the microelectromechanical systems to convert an electric current into a mechanical output, frequently used for cameras on smartphones. MEMS Drive's products […]