KKR’s China Growth Fund invests in pet food firm Gambol


The PE firm said the investment was made from its China Growth Fund.

HK bourse on overdrive to win potential Aramco listing

Time zone, access to capital key advantages for a potential Aramco listing in HK.

China CYTS Tours joins Sequoia, IDG set up fund for innovative travel startups

However, the fundraising target for this vehicle is not identified in CYTS’s filing.

Legend Capital co-leads $14m Series B in Chinese auto tech developer

The other co-investor is a Xiamen-based private equity firm.

China to allow more IPOs to lure capital

The entry of new companies can increase market liquidity

China: AI startup CloudMinds closes $100m Series A

CloudMinds aims to build cloud-based “AI brains” not limited on humanoid robots.

Baidu needs to speed up the future after that Uber boost

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 »

RBC reviews Asia wealth business for possible sale

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 The Canadian bank’s move comes after several Western firms have withdrawn from private banking in Asia, hit by… Read more »

China’s XCMG, Brazil’s OAS in JV talks

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 »

China: Recon Holding buys majority stake in Millennium Films for $100m

Recon Holding will also acquire Millennium Films’ nearly 300-film library.