By Tomas S. Noda III
The $1-billion Global Voyager Fund is Ping An’s first overseas fund.
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 »
Glencore’s proposal is $100 million higher and fully funded.
9 out of 10 leading underwriters of IPOs in Hong Kong are Chinese.
Further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms.
Its $23b revenue for the last fiscal year was over 10 times the 2011 figure.
Funds to help startup expand to the UK, Japan and Singapore.
Tantan last month raised $32 million in a Series C round joined by DST Global.
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 »
GGV Capital, Shunwei, the Zhen Fund and Yunqi Partners also participated.