Asia-focused alternative investment management firm Hillhouse Capital Management has led US$50 million series B financing round in Indian automobile classified ads web platform CarDekho.com, according to a company announcement. Tybourne Capital and Sequoia Capital also participated in the round, which increased the valuation of CarDekho's parent company, Girnar Software, to approximately US$300 million. "We see […]

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Official survey into ‘unnatural deaths’ among members in wake of anti-graft campaign

Hong Kong-listed China Traditional Chinese Medicine Co. Limited has agreed to acquire 81.48% of Jiangsu province-based Jiangyin Tianjiang Pharmaceutical Co., Ltd., which is backed by China International Capital Corporation (CICC), according to a company announcement. The cash transaction, which would allow two CICC funds to make an exit from its investment in Tianjiang Pharmaceutical, is […]

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Around the world, personal liberty, human rights, and democracy are at risk, while the international community is deeply divided, blocking progress on challenges ranging from the crises in Syria, Iraq, and Ukraine to climate change and trade. Three factors – all likely to persist this year – are driving these unsettling trends.

Financial flows, rather than trade, are now driving China’s exchange rate

No new mines to be built in eastern regions

Chinese Internet giant Tencent Holdings Limited plans to acquire Chinese online gaming portal 17173.com from NASDAQ-listed online game operator Changyou.com Limited for US$1 billion, according to unverified Chinese media reports. Upon completion of the transaction, Games.qq.com, the online gaming media of Tencent's official website, will merge with 17173.com and integrate the latter's human resources to […]

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Chinese meal ordering platform Ele.me announced that the company has gained new investments of a whopping USD350 million and its investors including Tencent, JD.com, Dianping.com, Sequoia Capital, and CITIC Private Equity Funds. According to Ele.me, after the financing the company will still maintain its independent operation and will implement strategic cooperation with its investors. Zhang […]

The key concept when assessing prospects is recurring revenue, rather than growth

To solve a problem requires not only knowing what to do, but also a willingness to change course if it turns out that one did not know quite as much as one thought. But the only true lesson of the 2008 financial crisis seems to be that its lessons will…

Online peer-to-peer platforms draw from murky world of less-regulated lending