Clearbridge BioMedics

Advantech, CMBI lead $70m Series C round in China’s InventisBio


Pudong Innotek and existing investors Lilly Asia Venture and OrbiMed Asia also joined the round.

China considers tightening rules for $43b pawn-shop lending sector

The number of Chinese pawn shops has doubled since 2010 to more than 8,500 and their average loan size exceeds $26,000, versus around $100 in the U.S.

It’s time Meituan focused on arresting losses and not just beating revenue guidance

By cutting its losses, Meituan can now focus on its core battle against, the delivery service backed by Alibaba Group Holding Ltd.

Shanghai-based Mollybox secures $13m Series B from DCM, Digitalis

The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service.

China’s Meituan posts wider loss in second earnings release since IPO

Its net loss widened to 3.4 billion yuan in the quarter ended Dec. 31 from 2.2 billion yuan in the year-earlier period.

Warburg Pincus-backed rental startup Mofang bags $150m Series D led by CDPQ

Mofang raised about $400 million across three previous rounds, and counts Warburg Pincus as its largest shareholder.

China’s Mobike to shut operations in some Asian countries, evaluate other markets

The Beijing-based firm has launched its signature orange bikes in markets including Australia, Europe and the United States.

Moody’s seeks majority stake in China’s biggest rating firm Chengxin

Moody’s has reached a framework agreement to increase its holding in Chengxin to more than 50 percent, from 30 percent.

Alibaba invests $693m for stake in Chinese courier STO Express

The deal marks the e-commerce giant’s fourth significant investment in a Chinese courier company.

China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji 

Electric vehicle maker Weltmeister Motor has raised $450 million in a Series C round led by Chinese internet group Baidu Inc.