Singapore’s GIC leads $260m Series B round in Chinese biopharma firm CStone

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The round was joined by new investors Sequoia China, Yunfeng Capital, Taikang Insurance Group, CITIC PE, ARCH Venture Partners, Hillhouse Capital and King Star Capital.

China’s fashion e-commerce platform Meili targets $500m in US IPO

The float will add to a busy pipeline of Chinese tech companies that are seeking to go public this year.


Tencent-backed WeDoctor raises $500m in pre-IPO funding at $5.5b valuation

The investment round was led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group Ltd, and infrastructure and services group NWS Holdings Ltd.


Intel Capital announces investments in three Chinese technology startups

The latest funding brings Intel Capital’s year-to-date investments to more than $115 million. The Chinese cos that bagged funding include Reconova, Alauda, and Espressif Systems.


Xiaomi to be valued upwards of $60-70b as hype over IPO dies down

The startup’s fluctuating valuation is partly due to mixed messages about what Xiaomi does. While 70% of revenue comes from selling smartphones, co-founder Lei Jun insists that Xiaomi’s real goal is to be an internet services company making money off ads and online games.


Chinese real estate firm Tahoe Group to launch $3.1b M&A fund

Tahoe Group said the fund will be used to make investments in and for acquisitions of real estate projects.


China’s JD.com picks 10% stake in logistics operator for $115m

The deal makes JD the third-largest shareholder of CLP, one of China’s biggest logistic facilities developers and operators.


Anbang reviews overseas assets amid reports of imminent divestments

Anbang, which shot to fame after snapping up assets around the world, was seized in February by the government.


Alibaba acquires South Asian e-commerce firm Daraz from Rocket Internet

The deal marks Alibaba’s second acquisition of a Rocket company, after Lazada.


Chinese travel portal WEGOGO raises $958k in pre-Series A round

Kathleen Tan, president of AirAsia China, and ITM Capital, joined the round.