China stocks regulator approves 10 IPOs to raise 6b yuan


China‘s securities regulator has said it has approved 10 initial public offerings (IPOs) that aim to raise a combined total of up to 6 billion yuan ($871.52 million). Six of the approved IPOs are on the Shanghai bourse, two on the Shenzhen small and medium enterprise (SME) board, and two… Read more »

WeChat Pay expected to be every shop in China within two years, says Tencent executive

WeChat has more than 889 million monthly active users.

Source Code closes third US fund at $260m, hits first close of RMB fund at $225m

Prior to this, it completed raising funds for its first US dollar fund at $120m.

China: CITIC Securities leads $400m round in Microvast’s MPS

CDH Investments, National Venture Capital, and other investors joined the round.

China Digest: SenseTime raises $60m; China Creation Ventures backs IceKredit; U-Parking fundraise

Sailing Capital has led a $60 million investment in SenseTime; China Creation Ventures has participated in a $16 million investment in IceKredit; U-Parking has raised $1.7 million from Gobi Ventures.

China’s LeEco plans to put $420m Beijing property on block

Leeco plans to sell either all or a majority of its Shimao Gongsan retail property.

China: Internet giants Tencent, Baidu inject $1b in auto portal Bitauto

It is the latest in a series of investments Bitauto has raised from three of China’s biggest technology companies.

Of dozens green car startups in China, only 2-3 will be around in five years, Nio chairman

“A car business is the world’s toughest business to start.”

China: ClearVue Partners closes second consumer fund at $362m hard cap

Shanghai-based PE firm ClearVue Partners has closed its second consumer fund at a $362m hard cap amid China’s emergence as the world’s largest consumer market.

Vanke to invest $440m in Chinese online real estate agency Lianjia

Recently Sunac China invested $375m in Lianjia for a 6.25% stake