Ping An

Ping An plans fintech & healthtech deals in $10-30m range from new $1b fund


The $1-billion Global Voyager Fund is Ping An’s first overseas fund.

ShoreVest launches $750m fund to tap NPL portfolios in China

Private equity firm ShoreVest Capital Partners has floated a $750 million fund focused at the bad debt industry in China as non-performing loans (NPLs) continue to rise in the country, said a report in The Financial Times. ShoreVest, which specialises in Chinese distressed debt and structured credit, started investing in NPL… Read more »

China’s Yancoal gets regulatory approval for $2.45b Rio Tinto deal

Glencore’s proposal is $100 million higher and fully funded.

Bye-bye, western bank dominance! Chinese giants are taking over Hong Kong

9 out of 10 leading underwriters of IPOs in Hong Kong are Chinese.

Ofo said to seek $3b valuation in China funding wars

Further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms.

The rise and rise of Jack Ma’s Alibaba

Its $23b revenue for the last fiscal year was over 10 times the 2011 figure.

Taiwan’s Neoglory leads $29m Series B in Chinese apartment rental startup

Funds to help startup expand to the UK, Japan and Singapore.

China Digest: YYC leads $70m funding in Tantan; Fosun backs $14m round in CloudCare

Tantan last month raised $32 million in a Series C round joined by DST Global.

HK: CITIC Bank to provide $1.5b financing to AAC Technologies

Apple Inc supplier AAC Technologies Holdings, a target of a recent short-seller attack, said on Friday China CITIC Bank Corp had agreed to provide credit and financing of at least 10 billion yuan ($1.5 billion) for a two- year term. The agreement marks the establishment of a long-term strategic cooperation… Read more »

China: Gobi leads $7m round in agri drone sharing startup Nongtian Guanjia

GGV Capital, Shunwei, the Zhen Fund and Yunqi Partners also participated.