By Bloomberg News
Minerva has signed a non-disclosure agreement with Shanghai-based Fosun, and has held talks with other prospective investors
Zhaogang.com plans to proceed with a regular IPO, selling stock that has the same voting rights as that held by company founders.
Linear Venture has collected RMB500 million ($72.53 million) for its RMB-denominated vehicle and $70 million for a US dollar-dominated vehicle.
Germany-based BASF Venture Capital has marked its first direct China investment by funding 3D printer provider Prismlab.
Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba combined the operation of food delivery service Ele.me and online restaurant guide business Koubei under a… Read more »
The company plans to expand to overseas markets including the US, Japan, Southeast Asia, India and Europe.
Hellobike rebranded itself as HelloChuxing in September as part of its bid to expand operations beyond bike-sharing.
The funding will be used to expand overseas female lifestyle content and user-generated content markets in different cities globally.
CNFinance scaled back its IPO target in the US from $200 million in July to a mere $48.75 million.
CK Infrastructure Holdings is leading a consortium which offered A$11 a share for APA in what would be the third biggest takeover, including debt, of an Australian company.