China’s LeEco raises $1.08b from Legend, Yingda Capital & Mingsheng Trust for EV project


LeEco joins a bevy of startups to have announced fundraising completions as the industry hangs on the verge of a major shake-out. The government is imposing stricter technology standards and considering limiting the number of manufacturers to 10.

China’s Bright Food gets nod to buy 50% stake in NZ’s largest meat processor in $191m deal

The approval of the NZ$261 million ($191 million) deal is an encouraging outcome for Chinese investors, following a high-profile rejection and complaints over the slow approval process.

China: Huami Technology in talks to raise new funding on $1b valuation

The funding will used to serve its expansion globally including the US market under the Amazfit Brand.

Keppel Land China, Alpha divest stakes in Sparkle Bright for $516.9m

Keppel Land China and Alpha signed an agreement with Star Champ Development Ltd, a wholly-owned subsidiary of the Chongbang Group, for the transaction. Sparkle Bright owns retail mall Life Hub @Jinqiao.

China: Linear Venture launches $70m dual-currency startup fund

Chinese VC firm Linear Venture is launching a $70 million dual currency startup fund targeting early-stage ventures that is denominated in both US Dollars and Chinese Renminbi.

Alibaba’s logistics unit Cainiao seeks fresh funds but only from investors who don’t mind losses

“I definitely need more financing because we’re making such a big platform,” Tong said. “But we’re being picky with investors. We don’t want those who tell us every day ‘you must make money tomorrow,’” she added.

China Vanke in talks to buy assets to speed up new business development

Vanke, currently embroiled in a high-profile power struggle, has said that its business operations have suffered as a result of the battle for control.

Sunac China to buy property assets from Lenovo parent Legend for $2.1b

Sunac will purchase 42 property projects in 16 cities including Beijing, Tianjin, Chongqing and Hangzhou. Legend, is also known for its private equity arm Hony Capital and venture capital firm Legend Capital.

After buying fashion brand Teenie-Weenie for $900m, China’s V-Grass is hungry for more

Nanjing dressmaker V-Grass Fashion Co. has an audacious plan to become the Valentino of the Chinese fashion world, and buying a South Korean fast-fashion brand with more than six times as many stores in China is part of its move to get there.

China’s Fulida to buy 17% stake in Australian cattle exporter Wellard

Chinese textile maker Fulida Group Holdings Co. agreed to buy 17 percent of Wellard Ltd., the Australian livestock exporter that has slumped since listing in December 2015.