By Ishita Russell
With an initial equity capitalization of $1.45 billion the new fund will mainly invest in modern integrated industrial parks in first-tier and select tier-1.5 cities in China.
Tencent Pictures, the film unit of China’s biggest internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters instead of just writing checks for them. The potential targets could be in Hollywood and include companies on both the creative and production sides of movie making,… Read more »
In two separate business deals in China, mobile data startup Juhe.cn raised $52 million, while Microtech Medical received investments in a series B round led by Qiming Venture Partners.
Startupbootcamp has launched a digital health accelerator in Chengdu,China to leverage on the growth of China’s healthcare market.
Chinese photo app and mobile phone maker Meitu Inc is set to raise $630 million after pricing its Hong Kong initial public offering at the bottom of expectations, a person with direct knowledge of the deal said on Friday. Meitu, known for its apps that let users retouch and beautify… Read more »
Global growth equity firm General Atlantic announced the promotions of US and India based private investment officials Aaron Goldman and Shantanu Rastogi as Managing Director while and Erin Chang of the Hong Kong office has been promoted to principal. Meanwhile, Australia and New Zealand Bank (ANZ) has announced Peter Chan as the new CEO in Taiwan, a successor to the bank’s Terry King who decided to retire after 36 years in the banking sector. In another news, Zurich-based UBS has hired Pei Shen Chou as the Managing Director and Co-head Asia Mergers and Acquisition (M&A) business, an appointment that is being seen as a move to strengthen the bank’s M&A business.
China’s Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company’s future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to… Read more »
Haiqiu Technology has got an angel investment from CMC Capital. Mandarin Capital Partners has acquired a majority stake in Mipharm Spa.
Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory and as costs in the wealth management industry bite. The Geneva-based bank and money manager, which had… Read more »
China-based startup companies Yimidida, and GrandOmics each raised $14 million in separate funding rounds, respectively and are off to improving more their businesses.