LeEco chairman Jia Yueting

LeEco repays part of China Merchants Bank debt, seeks release of frozen assets


LeEco has repaid part of this debt after selling shares in its smartphone affiliate Coolpad Group.

China: KBP Biosciences secures $76m Series A, launches global HQ in US

The funds will also enable the firm to open its global corporate headquarters in the Greater Philadelphia Area.

Asia’s largest VC deal ever pushes global funding to break records in 2017

The top 10 largest deals in the year were dominated by Asian companies. The largest deal of the year was the $5.5 billion funding of China-based Didi Chuxing

China’s FAW buys 10% stake in Mobike’s new car-sharing unit

Mobike Chuxing was set up in December with registered capital of $3 million.

China Digest: Shihou TV, 2Boss, Gonbike, Black Sesame, Yabuli, Fund Intelligent Piano raise funds

China Digest: Shihou TV, 2Boss, Gonbike, Black Sesame, Yabuli, and Fund Intelligent Piano raise funds.

China’s HNA mulls sale of two London Canary Wharf offices to pare debt

The company, which started as a regional airline, is planning to sell about $5 billion of assets by April.

Bitcoin miners shifting outside China amid clampdown

Bitmain, which runs China’s two largest bitcoin-mining collectives, is setting up regional headquarters in Singapore.

HK’s Henderson Land sells office tower to China’s Fans Group for $1.3b

The deal is the largest in the city since CK Asset sold a skyscraper in central business district at a world record price of $5.2 billion late last year.

Hua Hong Semiconductor to raise $400m from China Integrated Circuit Industry

Hua Hong said it will invest the funds into a joint venture entity that handles designs, research, manufacturing, testing, packaging and sale of integrated circuits.

Google leads $120m round in Chinese e-sports firm Chushou

The investment is Google’s second-ever in a Chinese startup.