Shanghai, China

Asset managers should look to China, alts for growth, says Morgan Stanley


Asset managers should look to the Asian nation as regulatory changes will lead to revenue growth in the long term, according to a Morgan Stanley report.

China’s CreditEase backs $125m Series B for European insurtech startup wefox

The financing was joined by Abu Dhabi-headquartered Mubadala’s newly created European Ventures Fund.

China’s flexible display maker Royole said to raise $1b in pre-IPO funding round

The company is seeking a valuation of at least $8 billion in the round.

Ping An unit announces $150m investment in data centre operator GDS Holdings

GDS will use the proceeds from the investment to fund the expansion of its data centre capacity and for general corporate purposes.

Ping An-backed P2P lender Lufax hits $39.4b valuation after Series C

In December, Lufax raised $1.33 billion in its Series C funding round from a dozen investors. It is funding growth by raising external capital as its Hong Kong IPO is on hold due to changing regulation in online consumer lending – a core business.

HK suspends UBS sponsor licence, fines it and others $100m for IPO failures

The $100.2 million in fines are the toughest actions yet taken by the regulator as part of its campaign against what it sees as shoddy listing standards.

Shunwei Capital leads $8.2m Series B round for B2B fashion firm Yishou

Matrix Partners China and Huaxing Growth Capital, the private equity arm of China Renaissance, also participated in the round.

Chinese O2O retailer KK Guan closes $60m series C round

It plans to use the proceeds from series C to improve its supply chain, expand its offline channels and add more product lines.

HK-based Q Venture Partners raising VC fund

Q Venture Partners focuses on global IoT and enabling technologies.

China’s new investment regulations set to weigh heavily on foreign firms

Key pillars of the new law will remove a major threat to investors in its massive technology sector, while putting thousands of overseas companies on notice they may need to renegotiate joint ventures in China.