China Digest: GoGoTalk, Xiaoqiao Treadmill, QKM Tech raise funds

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Edutech startup GoGoTalk has raised Series B round from Crystal Stream Capital while Xiaoqiao Treadmill has closed a $20-million round led by Harvest Investments

China Digest: GIC leads Linklogis round; Sequoia backs Ksher; XTransfer bags $10m

Linklogis provides micro and small-sized enterprises with supply chain financing.


Temasek said to be exploring options to pick stake in China’s Anbang

Temasek already has a number of investments in Chinese banks, a show of its confidence in the nation’s huge and growing financial sector.


Hong Kong PE Gaw Capital said to join $1.9b deal to acquire Swire’s office assets

Swire agreed to sell its entire stakes in the two office towers in June, adding to a spate of deals in the world’s priciest office market.


China Digest: YOHO! bags Series E+; CITIC backs Healthapple; HK’s Ztore raises $8m

YOHO! Group, the Shanghai-based operator of lifestyle and fashion platform, has raised a Series E+ funding round led by C Ventures.


PE firm L Catterton partially exits Chinese mall operator Sasseur

The PE firm has substantially reduced its shareholding from 58.86 per cent to 1.36 per cent.


Temasek-backed Chinese firm Innovent Biologics plans $422m HK IPO

Chinese biotech firm Innovent Biologics is looking to raise up to $422 million in its Hong Kong IPO, three sources said, in what could be the biggest biotech IPO in the financial hub this year. Innovent, which is backed by mutual fund giant Fidelity and Singapore state investor Temasek, has… Read more »


HNA said to be in talks with Ant Financial, others over sale of IT unit Pactera

HNA had bought Pactera from Blackstone in 2016 for $675 million (515 million pounds) in cash.


Carlyle picks stake in Chinese pathology services provider Adicon

The buyout major made the investment from its $6.5-billion Carlyle Asia Partners V fund.


Allianz Real Estate to anchor $500m Kailong Greater China realty fund

Allianz intends to take a 35% stake in the close-ended fund that targets value-add commercial real estate opportunities in China and Hong Kong.