The real estate investment arm of Canada's second-largest pension fund, Caisse de depot et placement du Quebec, has joined CBRE Global Investment Partners to invest in Asian logistics real estate firm Logos Property Group to expand its China investments, according to a company announcement. Even though the specific investment amount is not disclosed, the committed […]

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Asian private equity firm PAG Asia Capital and event-driven hedge fund firm Quantum Enhanced Fund has joined a group of investors to invest HK$3.87 billion (US$500 million) in Hong Kong-based financial services firm Kingston Financial Group, according to a securities filing. The investor group, which also includes Chow Tai Fook Nominee Ltd, an entity controlled […]

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Global private equity giant the Carlyle Group has agreed to invest approximately US$115 million for an 18.54% stake in Chinese independent financial leasing firm, JIC Leasing Co., Ltd., according to a company announcement. Carlyle is investing through its Carlyle Asia Growth Partners IV fund, and the deal is expected to close in the second half […]

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NASDAQ-listed Chinese online game developer and operator KongZhong Corporation has received a preliminary non-binding proposal from its chairman and CEO, as well as IDG-Accel China Growth Fund II L.P., to take the company private, according to a company announcement. Wang Leilei, KongZhong's chairman and CEO, and IDG-Accel plan to acquire all of the company's outstanding […]

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Chinese electronics and home appliances retailer Gome has signed an acquisition agreement with Beijing Zhansheng, which will sell its entire stake in Dazhong to Gome for CNY3.83 billion. The foundation of the acquisition was laid early in 2007 when Tianjin Consultancy, a wholly-owned subsidiary of Gome, provided a loan in the amount of CNY3.6 billion […]

China Mobile, China Unicom, and China Telecom all published their operating statistics for May 2015 and China Mobile, who has over 800 million mobile users, continues to lead the Chinese telecom market. Statistics showed that China Mobile gained 373,000 new users in May 2015 and its user group reached 816.335 million. Of those, the number […]

Alibaba Group's cloud computing subsidiary Aliyun and technology-oriented comprehensive education solutions provider Uniquedu have jointly launched an Aliyun university cooperation project in China. The two parties will work together with eight universities to launch cloud computing and data science majors and specialized courses. Meanwhile, they will open an Aliyun school, which will offer online courses […]

Chinese premier urges study into possible free trade area

As violent conflicts and crises intensify worldwide, from Africa to Asia, it is becoming abundantly clear that there is no longer a guarantor of order – not international law or even a global hegemon – that countries view as legitimate and credible. The international system is clearly in need of an overhaul.

Beijing’s 26% voting share gives it veto power but not control

State auditor names groups including State Grid, Cosco and China Southern Power Grid

Global private equity giant the Carlyle Group has agreed to invest approximately US$120 million in Chinese logistics firm, Shanghai ANE Logistics Limited, according to a company announcement. Carlyle is investing through Carlyle Asia Partners IV L.P., and the deal is expected to close in the third quarter of 2015. Founded in 2010 and headquartered in […]

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OlymTech Corporation, a China-based IT solution service provider for logistics companies, has raised approximately US$20 million in its series A financing round from IDG Capital Partners, Matrix Partners and Yunqi Partners, according to a company announcement. Founded in 2002 by IT and logistics professionals from the Silicon Valley and China, OlymTech provides cloud-based IT solutions […]

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China-focused private equity firm Lunar Capital Management is seeking to raise US$380 million for its fourth fund, according to media reports. The firm launched the fund, named Lunar Capital Partners IV L.P., in January, according to a securities filing. Founded in 1999, Lunar Capital's first fund invested founding partners' own capital. Its second fund raised […]

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Sino-French private equity firm Cathay Capital Private Equity has made an undisclosed investment in SeaOwl, a France-based marine service provider, according to a company announcement. Cathay Capital is investing through its Sino French SME Fund and Cathay Capital II Fund. No other details of the investment were disclosed. SeaOwl plans to use the proceeds to […]

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Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media. 11main.com is […]

The entrepreneur met party officials after his online rant against Chinese corruption went viral