By John Ruwitch
China will lift restrictions to investments by foreign firms in a range of service industry sectors, including e-commerce, logistics, accounting and auditing.
Kuka is the latest and biggest German industrial technology group to be targeted by Chinese buyers as the world’s second-largest economy makes the transition from a low-cost factory location into a high-tech industrial hub.
360 Haoyao, an online pharmacy market place by Qihoo 360 Technology Co Ltd has secured RMB100 million ($15.2 million) in its series A round of funding from SB China Capital (SBCVC), Lilly Asia Ventures and others, according to a report by China Money Network quoting Chinese media. Launched in October 2015,… Read more »
Alibaba and Ant Financial plan to invest $400 million into ride sharing service Didi Chuxing
Healthcare investor Vivo Capital has raised up to $100 million for its newly-formed Sino-US venture capital fund. Named Vivo Panda Fund I, its latest vehicle will put capital into early-stage investments in medical enterprises related to sectors such as pharmaceuticals, biotechnology, medical devices and diagnostics, the company said in a… Read more »
China’s richest man, Wang Jianlin, is planning to delist the Hong Kong real estate vehicle and then relist it in Shanghai, hoping to benefit from higher valuations seen on the mainland.
China’s fresh produce e-commerce Benlai Life has raised $117 million in series C and series C+ financing round, partly joined by Joyoung Co Ltd. Woman-led ad tech startup PapayaMobile goes public on China’s National Equities Exchange and Quotations (NEEQ) today. Healthcare-focussed venture capital and private equity firm Highlight Capital is about to complete raising $229 million for its second vehicle.
Tus-Holdings entered the agreement through its affiliated investment vehicle, which will hold the 21.4 per cent equity interest representing 51 per cent voting rights. The transaction is done at approximately $2.712 per ordinary share.
Private equity firm Evergreen Pacific Partners announced today that it has sold 100 per cent stakes in Thermal Dynamics International to China’s Zhejiang Yinlun Machinery Co Ltd for $56.65 million. Thermal supplies heat exchangers for the automotive, heavy truck and off-highway industries. It manufactures a full range of water- and… Read more »
Two of the largest fintech deals took place in China when Lu.com raised $1.22 billion and JD Finance secured $1.01 billion in external financing. These two deals alone accounted for almost half of the total fintech funding in the quarter.