Nisa Leung, managing partner leading Qiming Venture Partners' healthcare investments, answers five questions in this video interview with Nina Xiang, host of China Money Podcast. Q: What is a key industry trend that is overlooked by most people? A: I think everybody has been really into mobile health and new drug discovery companies in the […]
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China's venture funding activities crashed further during the first quarter, with venture-backed companies receiving US$4 billion in funding, just 39% of the peak recorded in the third quarter last year, according to a new report by KPMG. Compared to the heady days of the past few quarters that saw multiple deals valued at over US$1 […]
New York Stock Exchange-listed Autohome Inc. says it has received a preliminary non-binding proposal from its chief executive James Zhi Qin, Boyu Capital, Hillhouse Capital and Sequoia Capital China to take the company private. In an announcement released on April 15, the buyer consortium says it plans to acquire all of the outstanding shares and […]
Chinese official media firm Xinhuanet.com plans to raise RMB1.5 billion (US$216 million) in an A-share initial pubic offering. Its IPO application will be examined by the securities regulator this Wednesday. Xinhuanet.com plans to issue 51.9 million new shares and list on the Shanghai Stock Exchange, with proceeds from the IPO earmarked to strengthen its mobile […]
Chengdu-based crowd-sourcing express service platform Renren Express has raised US$50 million from an undisclosed Chinese investor, according to Chinese media reports. The company says it plans to use the proceeds on business expansion and service improvement. Founded in 2011, Renren Express completed US$15 million series A financing led by Tencent Holdings Limited and Banyan Capital […]
H&M announced that its global net profit for the first quarter of 2016 decreased by 30% year-on-year to SEK2.55 billion. Yet, the company will still open more retail stores in China in 2016. H&M revealed…
Alibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million …
Chinese e-commerce firm JD.com Inc has agreed to acquire a 47.4% stake in Dada Nexus Ltd., a Shanghai-based Uber-like mobile app that focuses on providing last mile logistics services, for US$200 million in cash and plans to merge its JD Daojia unit into Dada. JD.com says it will merge its O2O (online-to-offline) unit with Dada […]
XIO Group, a London-headquartered private investment firm with ties to Chinese investors, has agreed to acquire J.D. Power and Associates for US$1.1 billion in cash with an aim to expand into emerging markets. The newly established XIO Group, which counts former Olympus Capital partner Athene Li as chairwoman, won an auction for the asset, beating […]