By Bloomberg News
Chinese billionaire Shi Yuzhu has boosted his stake in China Minsheng Banking Corp. to almost 5 percent ahead of a looming revamp of the privately owned lender’s board. Shi, the chairman of Giant Interactive Group, an online game developer, has a 4.97 percent holding, worth about $2.5 billion, after purchases… Read more »
Taiwan’s Codementor has closed a $1.6M venture investment in a round led by WI Harper.
HSBC has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the… Read more »
China’s Minsheng Financial Holding, U.S. funds Apollo and Centerbridge and private equity firm Lone Star are leading attempts to buy Portugal’s Novo Banco, which was carved out of Banco Espirito Santo (BES) in 2014, four sources told Reuters. Minsheng has offered to buy a majority stake in Novo Banco, to… Read more »
Chinese interest in a takeover of lighting group Osram Licht AG has cooled amid signs of mounting political opposition to Chinese acquisitions in Germany, two people familiar with the matter said on Tuesday. Sanan Optoelectronics and venture capital firm GSR Go Scale Capital Advisors have stopped pursuing a bid for… Read more »
China Merchants China Direct Investments (CMCDI), through its subsidiary Shenzhen Tian Zheng Investment Co, has committed to invest RMB90 million ($13 million) into Anhui Iflytek Venture Capital LLP, a fund focused on investing in Internet and artificial intelligence applications in the country. CMCDI is Hong Kong-listed investment firm managed by… Read more »
Technology media platform and startup services provider 36Kr has received around RMB100 million ($14 million) strategic investment in a new funding round led by China Merchants Venture Capital Management. “This investment is an important initiative for us. 36Kr has a unique advantage in venture capital and entrepreneur services,” China Merchants… Read more »
Chow Tai Fook Enterprises Limited (CTFE), a Hong Kong-based conglomerate will purchase and operate Baha Mar Resort in the Bahamas, a mega-resort with a reported value of $3.5 billion.
China’s Sinopec said on Monday it had sold a 50-percent stake in its key Sichuan-East China gas pipeline to China Life Insurance and SDIC’s transportation unit for 22.8 billion yuan ($3.3 billion). The sale comes just months after the country’s second-largest oil and gas group announced plans to divest half… Read more »
China’s freight transportation and logistics mobile app company, Yunmanman, has raised $160 million in new funding, while venture capital firms WI Harper Group and JAFCO Asia plan to exit hospital IT operator Suzhou MedicalSystem following its successful IPO last week. New funding for logistics app operator Yunmanman has obtained $160-million… Read more »