CITIC Private Equity Funds Management Co. Ltd. is considering a full buyout of Singapore-listed Chinese medical device maker Biosensors International, according to Chinese media reports. Last November, CITIC PE bought a 21.7% stake in Biosensors from Hong Kong-listed Shandong Weigao Group Medical Polymer for $312.3 million. CITIC PE is currently in talks with several banks […]

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Beijing-based online decoration platform To8to has raised around RMB100 million ($16.5 million) in series B financing, according to a company announcement. Sequoia Capital led the round. Existing investor Matrix Partners also participated. Details of the investment were not disclosed. To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011. The […]

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Beijing-based social media marketing company Kongming Inc. has raised tens of millions U.S. dollars in series B funding, according to Chinese media reports. Fosun Group’s venture capital arm Fosun Venture Capital Investment led the round. Existing investor Fidelity Growth Partners Asia also participated. Kongming previously received several millions U.S. dollars series A funding from Fidelity […]

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Chinese e-commerce group Alibaba revealed that the company has provided a non-binding proposal letter to AutoNavi, aiming to make it a wholly-owned subsidiary of Alibaba for USD1.1 billion. Alibaba offers to acquire all of AutoNavi's American depositary shares and ordinary shares not already beneficially owned by Alibaba for USD21 in cash per American depositary share, […]

Shanghai, China, February 19, 2014 /ChinaNewswire.com – Xinwengao.com/ – The 6th Anti-Corruption Compliance in China Summit 2014 will offer guidance from leaders in the government fight against corruption such as the SAIC, MPS, and NHFPC, as well as those in the legal and business community who have overcome the obstacles of working amid this chaos. … >>>

This press release has been syndicated from China Newswire – Social Media Content Marketing Press Releases For China

Beneath the swagger and fanfare of the Sochi Olympics lie serious doubts about Russia’s economic future. But, like the Soviet leadership of the 1970's and 1980's, President Vladimir Putin seems unlikely to take strong action to address Russia’s economic weaknesses.

Shanghai-based Chinese conglomerate Fosun Group has invested RMB210.5 million ($35 million) in Malaysian lifestyle cafe chain, Secret Recipe, according to a company announcement. It's not clear how big a stake Fosun will acquire in the deal, but Fosun is to become Secret Recipe's second largest shareholder after the deal. Founded in 1997, Kuala Lumpur-based Secret […]

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Significant growth in the height and weight of Chinese soldiers leave them in danger of outgrowing their tanks and rifles

Shanghai-based private equity firm ClearVue Partners says it has raised a total of $262 million for its maiden fund, exceeding its target of $200 million, according to a company announcement. The fund, named ClearVue Partners, L.P., will focus on investing in the fast growing consumer market in greater China, particularly in the food & beverage, […]

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NASDAQ-listed Chindex International, Inc., the operator of the United Family hospitals in China, says the company has entered into an agreement with a group of investors to take the company private in a $369 million deal. The buyers include TPG Capital, Shanghai Fosun Pharmaceutical (Group) Co., Ltd., as well as Chindex's founder and CEO, Roberta […]

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Singapore-based Global Logistic Properties Ltd. (GLP) says it has signed an agreement, in which a group of Chinese investors will invest $2.5 billion in the company, according to a company announcement. The investors include an unnamed Chinese insurance company, Bank of China's subsidiary, Bank of China Group Investment Ltd., and Hopu Investment Management Co. The […]

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The country witnessed a clash of cultures when Valentine’s day coincided with Lantern Festival, and couples had to choose between family and lover

Net demand for gold declined 15% to 3,756 tons globally in 2013, and average price of gold was also down 15% to $1,411 per ounce, according to a World Gold Council report. There was 881 tons of net outflows from exchange traded funds (ETFs), and net central bank purchases declined 32% to 369 tons last […]

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