China: Cashier-free stores operator Bianlifeng acquires rival Lingwa


Bianlifeng raised $300 million from CC Zhuang, founder of Chinese online travel search portal and Zebra Capital last year. 

China: CITIC Capital takes controlling stake in Harbin Pharmaceutical

CITIC Capital increased its stake in HPGC to 60.86%, making it the controlling shareholder in the company where it has been an investor since 2005.

China’s top movie ticketing app Maoyan Weying said to plan $1b IPO in HK

The company, which also helped fund the latest “Transformers” movie, is targeting a listing later this year.

ANZ not selling finance unit to HNA after New Zealand blocks deal

HNA had agreed to buy the vehicle finance unit – New Zealand’s largest non-bank lender – for $460 million early last year.

WL Ross-backed Four Rivers takes 23.5% stake in Chongqing Steel after recapitalization

Four Rivers together with Chongqing Strategic Emerging Industry Equity Investment Fund, invested $615 million of new capital in Chongqing Steel

China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds

China’s venture capital and private equity firms continue to invest in the country’s startup community

China: Fresh fruit chain Pagoda raises $230m in series B

Pagoda is planning to use the latest proceeds to develop its fresh fruit supply chain.

China’s vegetable selling app Meicai said to raise $450m from Tiger Global, others at $2.8b valuation

The funding underscores the lofty valuations Chinese companies are fetching in a market awash with capital.

China’s Kr Space raises $92m in funding from IDG Capital, Gobi, others

A spin-off of Ant Financial-backed 36Kr, Kr Space operates 30 co-working spaces in eight cities in China.

Chinese workers find grass is greener at home than Silicon Valley

Where Chinese college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research.