China’s Fosun in talks to invest in Brazilian beef producer Minerva

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Minerva has signed a non-disclosure agreement with Shanghai-based Fosun, and has held talks with other prospective investors

Chinese steel website Zhaogang said to drop dual-class IPO plans

Zhaogang.com plans to proceed with a regular IPO, selling stock that has the same voting rights as that held by company founders.


China’s Linear Venture raises $142m

Linear Venture has collected RMB500 million ($72.53 million) for its RMB-denominated vehicle and $70 million for a US dollar-dominated vehicle.


China: 3D printing startups Prismlab, Ultracraft bag funding

Germany-based BASF Venture Capital has marked its first direct China investment by funding 3D printer provider Prismlab.


Alibaba’s new on-demand online services unit said to be valued at $30b

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 »


Intel Capital invests in Chinese medical imaging firm HuiyiHuiying

The company plans to expand to overseas markets including the US, Japan, Southeast Asia, India and Europe.


SoftBank in talks to invest in Alibaba-backed HelloChuxing: Report

Hellobike rebranded itself as HelloChuxing in September as part of its bid to expand operations beyond bike-sharing.


HK media startup PressLogic raises $10m from return backer Meitu

The funding will be used to expand overseas female lifestyle content and user-generated content markets in different cities globally.


Chinese home loan provider CNFinance prices scaled-back US IPO

CNFinance scaled back its IPO target in the US from $200 million in July to a mere $48.75 million.


Australia may hamper HK-based CK Group’s $9.4b takeover bid for APA

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.