China: Tianma, SUEF back auto lending startup Diyi Chedia


Diyi Chedai raised up to $20 million in a series B+ round.

Longreach Group hits first close on North Asia buyout fund at $200m

The fund has a target of $650 million.

China’s Fosun invests in pharmacy app Yaoshibang, may buy Paris Realty Fund

Fosun and Green Pine Capital Partners have led the $16-million round in Yaoshibang

HK: PAG, Meridian Capital invest $225m in Europe’s Food Union Group

Existing investor Meridian pumped in $55m, while PAG has invested $170m.

Chinese star Lu Han, Crystal Stream jointly launch startup fund

Lu Han does not hold any stake in the fund.

Wal-Mart eyes larger foothold in China, increases stake in

In October Wal-Mart increased its stake in to 10.8% from 5.9%

China: PE firm ShawKwei & Partners sells Yongle Tape for $190m

US-based label and packaging firm Avery Dennison is the buyer.

Citigroup gets bond settlement agent licence in China

Citigroup is the first US-based bank to be granted the Type A licence.

Chinese dealmaker Fang Fenglei, Hillhouse Capital said to get GLP CEO’s backing in buyout bid

Chinese dealmaker Fang Fenglei won backing from GLP CEO.

Chinese startup Ark closes series A+ round led by Bioventure Investment

Qiming Venture Partners, Morningside VC and Oriza Capital also joined the round.