China: Matrix invests in TianYi Research; Fortune Capital joins Shadow Creator round

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Matrix Partners has led a $14.5 m series A round in TianYi Research Institute to enter the commercial space venture. Meanwhile, Fortune Capital has joined a $14 million investment in Shadow Creator, a visual reality and augmented reality headset developer. Matrix leads $14.5 million series A in TianYi Research Institute… Read more »

China: YI Capital hits final close of maiden fund at $116m

YI Capital was founded by two former partners at CDH Investments.


Alibaba’s Jack Ma sees decades of pain as internet upends older economy

Ma was speaking at an entrepreneurship conference in Zhengzhou, China


Chinese bike rental unicorn Ofo closes Series D+ from Ant Financial

Ofo’s competitor Mobike has formed a similar partnership with WeChat.


Property developer Evergrande spends its way to a valuable China listing

China Evergrande Group has joined the mainland listing bandwagon as a way to tap heady valuations. To get there, China’s most indebted real estate firm is spending precious cash on buybacks to boost its Hong Kong-traded stock. The developer is planning to inject Hengda Real Estate, the unit that owns most of its… Read more »


Acquisitive Chinese firms covet offshore dollar funds

As capital controls make it hard to finance deals with domestic resources.


Ofo’s Zhang sees bubble in China’s bike industry but says startup will survive

Ofo plans to expand to 20 countries this year and 200 cities across China


Chinese electronics giant TCL chief urges US to approve tech acquisition

TCL is in final stages of making an investment in a US tech company.


Weetabix proves to be an unsavory lesson for China Inc

The popularity of most breakfast cereals across Europe has been in decline, although Kellogg’s brands still dominate.


HK: Gobee.bike raises funding from Swiss Founders Fund, others

This is Hong Kong’s first bike rental service app