CIC targets infrastructure investments in developed countries

Report had warned of risks from shadow banking and wasteful investment

Wuxi city, Jiangsu province-based mobile e-commerce platform Mmb.cn has completed an undisclosed series D round of financing from JD.com Inc. and Tencent Holdings Limited, according to Chinese media reports. Existing investors Sequoia Capital and other undisclosed investors also participated. As part of the investment, JD.com will establish a strategic partnership with Mmb.cn to cooperate on […]

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Hong Kong-based private equity firm Ascendent Capital Partners has reportedly raised US$600 million for its second U.S. dollar fund, Ascendent Capital Partners II, L.P., according to media reports. A securities filing dated in early June disclosed that the fund was seeking US$600 million, but had not raised any capital commitments yet. Representatives at Ascendent Capital […]

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A Chinese public equity investment fund jointly established by Chinese Internet giant Tencent Holdings Limited and Asia-focused hedge fund Hillhouse Capital Management has been officially launched, according to Chinese media reports citing information from China's securities regulator. Hillhouse Capital is to hold 51% of the venture, while Tencent will own 49%. News of the two […]

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Chinese smartphone company Xiaomi signed a licensing deal this week with U.S.-based WhiteCryption to protect Xiaomi's mobile application and data services. This agreement extends Xiaomi's relationship with Intertrust Technologies Corporation, which owns WhiteCryption. Financial terms of the deal were not announced. WhiteCryption's technology offers integrated software code protection, integrity check and white-box cryptography solutions that […]

Semiconductor Manufacturing International Corporation's new research business has attracted three new investors. Huawei, a Chinese telecom device maker; IMEC, a nanoelectronics research and development center; and Qualcomm Global Trading Pte. Ltd., a subsidiary of Qualcomm Incorporated jointly announced that they will establish and invest in SMIC Advanced Technology Research & Development (Shanghai) Corporation. This joint […]

Coolpad Group's board of directors says it received a notice from controlling shareholder Data Dreamland, which sold an 18% stake in Coolpad to Letv's subsidiary Leview Mobile HK Limited on June 27, 2015. Data Dreamland agreed to sell 780.38 million shares, which accounts for 18% of total issued equity of Coolpad, at the price of […]