Foodpanda acquires’s HK business, consolidating Asia territories


Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of U.S.-based as it consolidates its position in key markets while shedding assets elsewhere. No financial terms of the deal were disclosed by Foodpanda, whose last funding round of $100 million was led by Goldman Sachs in May of last year. Berlin-based Foodpanda expanded rapidly worldwide through nine acquisitions fuelled by $310 million in capital it has raised in in six tranches

Media group Orange Sky raises $61.5m from HK, Chinese investors

The HK-based media group entered into a subscription agreement with the group of investors, that include Credit Prosperity, managed by CITIC Securities, PE-backed Weiying Technology among others – who will subscribe for an aggregate of 13.79 per cent of the entire equity interest in it.

China: Hony Capital to exit Happigo, form partnership to raise new consumer-focussed fund

Hony Capital, an affiliate of Lenovo Group, is selling its stake in Happigo Home Shopping, a subsidiary of Hunan Broadcasting Group. At the same time, it is partnering with the firm to raise a fund between RMB2 billion and RMB2.5 billion, two separate regulatory filings show. Happigo Home Shopping’s three investors… Read more »

China: CDH Investments exits Beijing Digital Telecom, sells stake for $47m

CDH Investments and 3i Group had invested $32 million to take a combined stake of 32.46% in the company in June 2007.

AID Partners spins off HMV to HK-listed China 3D Digital

Upon completion of the transaction, AID Partners will become the single largest shareholder of China 3D Digital.

Warburg Pincus to take 8 of its Chinese firms public in next 12 mths

The New York-based firm is aiming to take eight of its Chinese companies public in the coming 12 months. Last year’s four such listings was the most for a single calendar year since Warburg Pincus started out in China 22 years ago.

HSBC sees Australia opportunities as M&A focus in China shifts

Purchases of Australian assets involving Chinese companies almost doubled to a record A$8 billion ($6.1 billion) in 2015 from a year earlier.

Prenetics secures $10m Series A led by Ping An Ventures

Other investors in the round include Venturra Capital, a fund backed by Indonesia’s Lippo Group, Capital Union Investments and existing investors 500 Startups and COENT Venture Partners.

SGX faces competition from China Merchants Group to acquire London’s Baltic Exchange

Baltic had recently held talks with SGX and other potential buyers including CME Group, ICE and Platts. Last October, London Metal Exchange (LME) had made an approach to buy the Baltic.

Douyu TV, Chinese version of Twitch, raises $100m in Tencent-led round

Tencent invests $61 million, while existing investors Sequoia Capital China and Nanshan Capital also participated in the round, and the deal reportedly values Douyu TV at over $1 billion.