Moonrise Capital China VC

China’s Hua Medicine plans to raise $400m in HK IPO led by Goldman


HK is formulating new rules for early-stage drug developers in an effort to woo companies in the fast-growing sector.

iPhone assembly partner Foxconn gears up for China’s biggest IPO in 3 years

Known as FII, the business could command a valuation of as much as 400 billion yuan by some estimates — on par with Sony Corp.

A look at debt-laden Chinese conglomerate HNA’s asset sale run

The disposals, driven by a liquidity squeeze at HNA, have mainly been real estate and shares.

China: Live game streaming firm Huya gets $461m from rival backer Tencent

Tencent had announced a $632 million investment in Huya’s rival Douyu the same day.

China looks to regain $1.4t in lost IPOs of local tech stars

Two-fifths of unicorns across the globe call China home. Their absence is sapping life from the world’s second largest stock market.

CR Beer in talks to acquire Heineken’s China business for over $1b

Global beer giants such as Heineken, AB InBev and Carlsberg are facing fierce competition from local rivals and each other in emerging markets.

HNA garage sale continues with $811m Hong Kong property deal

The announcement comes weeks after HNA sold two pieces of nearby land to local billionaire Lee Shau Kee’s Henderson Land Development for about $2 billion.

Temasek, Sequoia Capital back $90m round in China’s JW Therapeutics

The firm will use the funding to advance its cancer treatment clinical programme, develop a therapeutic pipeline and build a new manufacturing facility.

PE firm Unitas Capital looking to sell China’s wasabi pioneer for $600m

Any deal would add to the $13.2 billion of announced food-related acquisitions involving Chinese firms over the last 12 months.

China Dealbook: Douyu, Locals, Haohaozhu, XTX Tech, Yitu Tech, Genus Finance, YBDL fundraise

Douyu has raised $632 million in a Series E round of funding led by Tencent Holdings.