Impossible Foods

Venture-backed plant protein startups tap China’s hungry market


Backed by some of the world’s top billionaires including Hong Kong businessman Li Ka-shing, philanthropist Bill Gates and actor Leonardo DiCaprio, plant protein firms are expanding into China for the first time this year.

Tencent weighs bid for part of Temasek’s stake in global retailer A.S. Watson

The Singapore state investment company is considering selling around 10% stake in A.S. Watson for about $3 billion.

CLSA chief executive Slone resigns following bonus cuts, Citic changes

The move followed a drop of about 60% in CLSA’s 2018 bonus pool and a number of other recent changes instigated by Citic, including staff adjustments and an overhaul of CLSA’s compensation structure.

Ohio retirement fund commits $25m to China-focused fund

The State Teachers Retirement System of Ohio (STRS Ohio) recently made two new commitments to alternative investment funds totalling $225 million.

China’s GoPro-rival Insta360 targets IPO by 2020 after raising $30m

The maker of 360-degree cameras and VR devices raised $30 million from investors including Everest Venture Capital, MG Holdings and Huajin Capital.

Germany’s Metro kicks off sale of China unit, valued up to $2b

The sale move comes at a time when China’s wholesale and retail sectors are experiencing disruption from e-commerce players.

China’s Bytedance acquires Mokun to tap into gaming industry

After being acquired, it is now wholly-owned by Bytedance’s subsidiary Beijing Zhaoxi Guangnian Technology.

PE major Carlyle to acquire 10% in China’s Luolai Lifestyle for $108m

Carlyle and its affiliates are entitled to purchase up to 20 per cent of the Chinese firm’s equity in the future.

Warburg-backed China’s UCAR acquires Beijing Borgward in $610m deal

UCAR said, the acquisition will further upgrade its automobile value chain to provide comprehensive services within the industry.

Crypto intelligence platform CoinNess raises Series A from ShunWei Capital, others

CoinNess offers trade information and real-time price index with insight related to crypto/block chain.