FINANCING

Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Chinese checkout-free convenience store operator Xingbianli has completed a new round of multi-million yuan financing despite reported cost-saving measures,…

Jun 11, 2018
Le Yan
Operator of Financial Services Platform Caogen Touzi Raises Record USD358 Million in New Funding

Operator of Financial Services Platform Caogen Touzi Raises Record USD358 Million in New Funding

Operator of Financial Services Platform Caogen Touzi Raises Record USD358 Million in New Funding. The operator of financial services platform…

Jun 4, 2018
Xu Wei
US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail

US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail

US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail. US growth equity firm General Atlantic has invested CNY300…

Jun 1, 2018
Zhou Fang
Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

China’s social e-commerce platform and sharing community Xiaohongshu run by Shanghai Xingin Information Technology raised USD300 million in a new…

Jun 1, 2018
Xu Wei
Tencent Backs New Retail Shaper NextTao in Continued Pursuit of Alibaba

Tencent Backs New Retail Shaper NextTao in Continued Pursuit of Alibaba

NextTao Information Technology, which provides data applications for the retail sector, has bagged tens of millions of dollars in B-round…

Jun 1, 2018
Tang Shihua
Auto Dealer Pang Da Group Plans Overseas Debt Issuance to Ease Fund Pressure

Auto Dealer Pang Da Group Plans Overseas Debt Issuance to Ease Fund Pressure

Less than two weeks after announcing it will sell all assets of its five Benz 4S shops in North China,…

May 25, 2018
Tang Shihua
Penguin Fairy Tale Wraps Up USD6.3 Million A-Round, Will Ramp Up Content Creation

Penguin Fairy Tale Wraps Up USD6.3 Million A-Round, Will Ramp Up Content Creation

Penguin Fairy Tale Wraps Up USD6.3 Million A-Round, Will Ramp Up Content Creation

May 18, 2018
Tang Shihua
Em Tech Hands Lifeline to Struggling Quantum Dots Firm Xingshuo Nanotech

Em Tech Hands Lifeline to Struggling Quantum Dots Firm Xingshuo Nanotech

Sichuan-based chemical firm Em Technology Co. will buy a stake in cash-strapped semiconductor firm Xingshuo Nanotech Co. while injecting CNY20…

May 17, 2018
Tang Shihua
Alibaba, Ctrip Pump USD63 Million Into Restaurant Booking Startup Mwee

Alibaba, Ctrip Pump USD63 Million Into Restaurant Booking Startup Mwee

Alibaba Group Holding Ltd. and Ctrip.Com International Ltd., China’s leading firms in the e-commerce and travel agency sectors, have injected…

May 11, 2018
Tang Shihua
Tencent Extends Gaming Shopping Spree With Investment in Nice TV

Tencent Extends Gaming Shopping Spree With Investment in Nice TV

The world's biggest gaming firm Tencent Holdings Ltd. has furthered a string of investments in the field by leading a…

May 8, 2018
Tang Shihua
Chinese Firm Aims to Tap Tourist Market With USD77 Million Diving Facilities in Philippines

Chinese Firm Aims to Tap Tourist Market With USD77 Million Diving Facilities in Philippines

Wetsuit and wader maker ChinaDive Watersports Inc. will invest over CNY490 million (USD77.0 million) to set up a diving equipment…

May 3, 2018
Tang Shihua
Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharmaceuticals Co. will acquire a stake in a US medical technology company through its wholly-owned subsidiary in…

May 3, 2018
Tang Shihua