Chinese online food ordering platform Meican has received an undisclosed amount of follow-on series B investment from Shanghai-based venture and private equity firm Trustbridge Partners, Meican's official Sina Weibo account confirms.
Shenzhen-headquartered Chinese Internet services giant Tencent Holdings Limited is planning to invest in Korean celebrity management agency KeyEast Entertainment Co.,Ltd., potentially taking a 20% stake, according to Chinese media reports.
Shanghai-based Chinese private equity firm ClearVue Partners says it has led a US$10 million financing round for China-based Japanese restaurant operator Akasakatei, according to an announcement of ClearVue.
San Francisco-based website hosting firm Weebly says it has raised US$35 million in series C funding from existing investor Sequoia Capital and Tencent Holdings Ltd., according to a company announcement.
Beijing-based Chinese mobile game developer Chukong Technologies has filed on April 18 with the U.S. securities regulator to raise up to US$150 million in an IPO on the NASDAQ.
Beijing-based Chinese IT services provider iSoftStone Holdings Limited says it has entered into a definitive agreement, in which its chairman and CEO Liu Tianwen, together with China Everbright Investment Management Limited, will take the company private, according to a company announcement.
China Orient Asset Management Corporation, one of the four bad debt banks in China, plans to launch a US$1 billion joint venture fund to invest in distressed real estate assets in China.
The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in April, up from 48.0 in March. This is a Two-month high.
New home prices (excluding affordable housing) in 56 cities among 70 medium-to-large-sized Chinese cities increased on a month-on-month basis in March, according to data released by the National Bureau of Statistics.
During the first quarter, China's GDP grew 7.4% year-on-year, slightly better than market consensus of 7.3%. But other economic data appeared weaker than expected.
Chinese banks made RMB1.05 trillion ($168.8 billion) new RMB loans in March, in line with forecast of RMB1 trillion, according to data released by the People's Bank of China.
China’s exports dropped 6.6% while imports were down 11.3% compared to the same period in 2013, according to data released by China's General Administration of Customs. Although the high base last year was suspected to be fabricated, the new data was still below expectation. The value of exports in March was US$170.1 billion and that […]
China’s official manufacturing purchasing managers’ index (PMI) climbed to 50.3 in March from February’s 50.2, suggesting the first rise since November last year, according to China’s National Bureau of Statistics. The low readings in January and February have led to market expectations that China’s economy is slowing down. "The recent vow by the government to […]
Sovereign wealth funds, public pension funds and central banks say the complexity of alternative investments is one of their biggest challenges as they diversify their investment portfolios, according to a joint study done by U.S. financial firm State Street Corporation and U.K. media group the Financial Times.
Global property consultancy firm Knight Frank says it has established a long-term strategic partnership with Taiwan's real estate brokerage firm REPro International, according to a Knight Frank announcement.
CITIC Capital Holdings Limited and international shopping center operator Sonae Sierra says they have launched a joint venture to provide management and leasing services to shopping centers in China, according to a company announcement.
The Schwarzman Scholars program says it has raised US$275 million one year after the announcement of the program, and it is increasing its fundraising target to US$350 million from its previous goal of US$300 million, according to an announcement.
So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That's equal to writing a check of around US$1 billion every month. […]
Chinese social networking platform Weibo Corporation has raised US$286 million by offering 16.8 million American Depository Shares (ADR) at US$17 per share. The size of its IPO is 21% smaller than its initial target of of US$380 million, according to an announcement.
Shanghai-headquartered Chinese privately owned conglomerate Fosun International Ltd. has been downgraded by Standard & Poor's Ratings Services because of the company's increasing leverage level as a result of its acquisitions, according to a notice issued by S&P.
The upward trend in China's HSBC purchasing managers' index (PMI) number is likely to continue in the coming months. It may gradually move to the range of 49 to 50 in the next few months, says Bank of America Merrill Lynch in a research report.
The author is Standard & Poor's Ratings Services Revenue prospects will be increasingly gloomy for China's department stores over the next 12 to 24 months.
The author is China International Capital Corporation (CICC) Research Department After the cooperation with Alibaba and huge capital injections, Intime is expected to have more action in the O2O (online-to-offline) arena, which could bring new triggers for the stock price.
The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital Baidu, Inc. will report first quarter results on April 24th after the market close. We believe its results are highly likely to come in better than consensus expectations, mainly driven by its mobile business and other non-traditional search businesses […]
The author is ANZ greater China chief economist Liu Li-Gang China's central bank announced this afternoon that it will reduce the reserve requirement ratio (RRR) for some rural commercial banks, effective from this Friday.
The author is Fitch Ratings Inc. The financial product to be issued by China's CITIC Securities, backed by rental income from two office buildings, is more similar to asset-backed securities (ABS) than a real estate investment trust (REIT).
If you happen to be a public stockholder of NASDAQ-listed Chindex International, Inc., enjoy it while you watch the world's two biggest private equity firms fight for your shares.