By Nguyen Thi Bich Ngoc
The PE firm said the investment was made from its China Growth Fund.
Time zone, access to capital key advantages for a potential Aramco listing in HK.
However, the fundraising target for this vehicle is not identified in CYTS’s filing.
The other co-investor is a Xiamen-based private equity firm.
The entry of new companies can increase market liquidity
CloudMinds aims to build cloud-based “AI brains” not limited on humanoid robots.
You can thank Travis Kalanick for Baidu Inc.’s strong earnings Friday. If it weren’t for the chief executive officer of Uber Technologies Inc. being pragmatic about his China business and selling to Didi Chuxing last year, Baidu wouldn’t have been able to swap its shares in Uber China for those… Read more »
Royal Bank of Canada , the country’s biggest lender, has put its Asian wealth management business under review, which could lead to its sale, four people familiar with the matter told Reuters. The Canadian bank’s move comes after several Western firms have withdrawn from private banking in Asia, hit by… Read more »
Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. According to the person, who was briefed on… Read more »
Recon Holding will also acquire Millennium Films’ nearly 300-film library.