China approves Toshiba chip unit sale to Bain Capital


The sale of the semiconductor business will take place on June 1. The deal had already missed earlier deadlines for clearance as the companies waited on Chinese antitrust authorities to make a decision.

Alibaba leads Series B+ financing for musical production firm Seven Ages

Seven Ages said the undisclosed round was the largest single investment to date in China’s booming musical industry.

Sequoia China co-leads $37.5m Series B for biotherapeutics firm HiFiBiO

HiFiBio will use the investment to expand its drug development team and new facilities.

HK’s Arbor Ventures raises $178.6m for second $220m venture fund

Arbor closed its first venture fund in 2014, raising $100 million.

Chinese accelerators in Silicon Valley aim to bring US startups home

At least 11 China-focused accelerators have been created in the San Francisco Bay Area since 2013.

People Digest: Three transitions at Avendus Capital; KKR appoints APAC realty head

Global financial services provider Avendus Capital has announced three new transitions in the firm while KKR has appointed a real estate veteran to heads its Asia Pacific real estate business.

Warburg-backed ESR, Beijing Properties set up fund to buy realty assets worth $1b

The fund will acquire equity interests in properties owned by China Logistics Infrastructures, a logistics subsidiary of Beijing Properties.

VCs concerned over legislation scrutinising Chinese investors in the US

The new law would expand the purview of an existing government committee, which reviews deals involving foreign companies and technology that could pose national security threats.

Chinese firms target Frankfurt listings in European expansion bid

Having Chinese companies list in Frankfurt could help change regional perceptions, according to Lars-Gerrit Luessmann, partner at law firm Taylor Wessing.

Amazon takes cross-border e-commerce battle to Alibaba’s home turf

Amazon is seeking to help its merchants connect directly with manufacturers in China, a region largely out of the company’s reach.