By Tanu Pandey
Kelvin Yap has been promoted to be the Managing Director at global private markets asset manager HarbourVest Partners, one among a long list of promotions for 2016 that the firm announced on Monday.
A slowdown in the country’s property market is adding to investor concern about the stock. Vanke’s President Yu Liang this month predicted that national home sales will drop “significantly” in the coming year, while prices will fall in cities where gains were too fast.
Backed by Ant Financial, owner of Alipay, and Tencent Holdings Ltd., Zhongan works with internet companies to provide policies for China’s younger users in the automotive, health care and online shopping sectors.
China Everbright fund has invested in Yimay Holiday Travel Development Group Co., Ltd, while Changingedu has raised $18m from TAL Education in its C+ round. China Everbright fund invests in Yimay Industrial A fund under China Everbright Ltd. has made a strategic investment of an undisclosed amount in theme park management company… Read more »
This has marked the largest investment in the female-focused vertical of e-commerce in 2016, the Chinese fund manager said in a statement.
Chinese mobile operating systems company Thunder Software Technology Co Ltd (Thundersoft) said on Monday it has agreed to acquire Finnish automotive software company Rightware for 64 million euros ($67 million). Rightware’s “Kanzi” software is used by more than 20 global automotive brands for user interfaces such as digital dashboards and… Read more »
Asset manager Legg Mason Inc said on Monday its largest shareholder, Chinese billionaire Tianqiao Chen’s Shanda Group, plans to increase its stake in the company to up to 15 percent. Shanda, which bought a 10 percent stake in Legg Mason from activist investor Trian Fund Management LP in April, had… Read more »
Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discussions said on Monday. CEFC is in discussions with state-owned Abu Dhabi National Oil Co. (ADNOC) to try… Read more »
Vkansee has closed a $10M venture investment to fund development of its optical fingerprint sensor.
Israeli cyber intelligence company EverCompliant announced today that it has received $9.5 million in investment for fueling further growth and expansion in the US and EU markets. The series A funding round was led by Hong Kong-based Arbor Ventures, with participation of existing backers Carmel Ventures, StarFarm Ventures and Nyca… Read more »