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