Two years after China started pushing for a nationwide policy of "Mass Entrepreneurship and Innovation", the country has witnessed a jump in the number of new start-ups. But the government-driven campaign risks the danger of turning into a political movement potentially causing massive waste of capital and resources. Chinese Premier Li Keqiang initially raised the […]
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Baird has appointed Lydia Xu, an ex-managing director at BDA Partners, as managing director and Head of China Investment Banking based in Shanghai, responsible for expanding services to strategic Chinese buyers and private equity firms looking to buy and sell assets, make new investments or refinance debt. "Asian buyers continue to look to Europe and […]
A US$239 million deal led by Chinese drugmaker Shanghai Pharmaceuticals Holding Co., Ltd. and private equity firm Primavera Capital to acquire Australian vitamins maker Vitaco Holdings has won approval from Australia's Foreign Investment Review Board (FIRB), clearing a major roadblock and pushing the deal closer to completion. In August, the Chinese group said it would […]
New Horizon Capital has led a RMB250 million (US$37 million) series B funding round in Yangshu Wenhua (Shanghai) Co., Ltd., the company behind augmented reality (AR) children's science and education brand NeoBear. GGV Capital, Qualcomm, and other Chinese investors also participated in the round. Founded in 2009, Yangshu Wenhua develops interactive smart hardware and AR […]
China Oceanwide Holdings Group Co., Ltd., a Beijing-based financial holding company founded by Chinese billionaire Lu Zhiqiang (pictured), has agreed to acquire struggling U.S. mortgage and long-term care insurance firm Genworth Financial, Inc. for about US$2.7 billion, the companies announced. China Oceanwide will pay US$5.43 per share in cash for New York Stock Exchange-listed Genworth, […]