In March, the German tabloid Bild published an article based on a secret document that reveals how breakaway areas of eastern Ukraine have come under direct Kremlin control. The revelations cast the ongoing Minsk 2 peace negotiations in a new light, on…
2016-04-13
Espionage down since September agreement between Obama and Xi
2016-04-13
Advantech Capital Partners Ltd. has led a US$32 million series B+ round in Chinese security risk management software developer Hangzhou Tongdun Technology Co., Ltd., according to a company announcement (in Chinese). A unit of Suzhou Oriza Holdings, Co., Ltd., and existing investors Qiming Venture Partners, CBC (China Broadband Capital) Capital, China Growth Capital, IDG Capital […]
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2016-04-13
AVIC Trust Co., Ltd., a division under state-owned Aviation Industry Corporation of China (AVIC), has led a nearly US$300 million series C round of financing in Shanghai-based apartment rental service franchise Mofang Apartments. Existing investor Warburg Pincus also participated in the round, the company announced at a press conference in Shanghai. "We think China's long-term […]
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2016-04-13
China reported solid export data, with exports in RMB terms grew 18.7% year-on-year in March, up from a 20.6% contraction in February, beating market expectations of a 14.9% gain. But the figure needs to be interpreted with caution as the distortions in February and March often cause wild swings of the exports growth figures, ANZ […]
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2016-04-13
Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car company Car Inc., has raised RMB3.68 billion (US$569 million) in a new round of financing and filed to list on China's New Third Board. In a press conference held in Beijing yesterday, Car Inc.'s founder and chief executive Charles Zhengyao Lu […]
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2016-04-13
Numbers add to slew of better than expected data as first-quarter GDP figures loom
2016-04-13
Greater China-focused hedge fund managers posted gains in March and were up 4.69%, as fresh stimulus came out of China at the beginning of the month injecting more liquidity into the Chinese economy, according to preliminary numbers released by Eurekahedge. The gains follow two months of declines suffered by Chinese hedge funds, with performance down […]
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2016-04-13
GGV Capital announced the close of a number of new funds totaling US$1.2 billion, bringing the U.S. and China-focused venture capital firm's total asset-under-management to US$3.8 billion across eight funds. The new funds include US$900 million in the firm's main fund, GGV Capital VI and VI Plus, US$250 million in GGV Discovery I focused on […]
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2016-04-13
Piau-Voon Wang, an ex-partner and formerly head of Asian investments at Adams Street Partners, has been appointed as co-chief investment officer at the international operations of Chinese wealth and asset manager Noah Holdings Ltd., according to a company announcement. Wang, who left the global fund-of-funds manager at the end of last year, will be co-CIO […]
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2016-04-13
Chinese taxi-hailing app Didi is now available in America and users can complete payment via WeChat or Alipay with automated …
2016-04-13
Chinese brokerage firm Huatai Securities LLC has agreed to acquire U.S. financial services company AssetMark Inc. from its private equity owners Aquiline Capital Partners and Genstar Capital, according to a company announcement. The deal, expected to close before the end of the year, allows Aquiline and Genstar to exit the company three years after they […]
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