Chinese wealth management firm Noah Holdings Ltd said Sequoia Capital China has agreed to make a RMB348 million (US$51.7 million) strategic investment in Noah's asset management subsidiary, Gopher Asset Management Co., Ltd. In the transaction, Sequoia Capital China, an existing shareholder of Noah, will acquire an undisclosed stake in an entity that will hold all […]
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Intel Capital has invested US$38 million in 12 technology start-ups globally, including two in China: a smart city developer Eazytec and a wi-fi front-end devices firm Grand Chip Microelectronics. Eazytec is a smart city developer and service provider with headquarters and research park in Yixing City, Jiangsu province. The company specializes in application software and […]
JD Finance has led a US$30 million strategic investment in Shanghai-based human resources and IT outsourcing services start-up Microseer, the company announced in Beijing today. Founded in 2009, Microseer develops cloud-based software as a service (SaaS) human resources and IT outsourcing solutions, including salary payment, recruitment, social security management, work evaluation services, for small and […]
Chinese online education firm iTutorGroup, backed by Alibaba Group Holding Ltd. and other venture investors, has appointed Tang Zhengrong as its chief technology officer (CTO), responsible for developing and leading technology tactics for the start-up. The online education firm previously raised a US$200 million series C round from GIC, the Russia-China Investment Fund, Goldman Sachs […]
Singapore-listed property firm CapitaLand Ltd. has raised US$1.5 billion for its third private property investment vehicle to back integrated development projects under its Raffles City brand in gateway cities in China, the company announced today. The fund, named Raffles City China Investment Partners III (RCCIP III), is the largest private investment fund ever raised by […]
Canada Pension Plan Investment Board (CPPIB) has invested US$375 million in Raffles City China Investment Partners III, CapitaLand's third integrated development private investment fund in China, to take a 25% stake in the vehicle. "Investing in CapitaLand's new China investment vehicle gives CPPIB the opportunity to expand on our long-term strategy of investing in high-quality […]
Chinese conglomerate HNA Group has agreed to acquire an approximate 25% stake in Hilton Worldwide Holdings Inc. from the Blackstone Group LP for about US$6.5 billion, after the global private equity giant realized several exits this year by selling assets to Chinese buyers. In July, Blackstone sold a commercial property portfolio to China Vanke Co. […]