Canada Pension Plan Investment Board (CPPIB) and Longfor Properties Co. Ltd. have entered into a second joint venture to invest in Chongqing West Paradise Walk shopping center in China. As part of the joint venture, CPPIB will commit approximately C$193 million (US$146 million) for a 49% interest in the property. Representing CPPIB's first retail mall […]
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Google and Facebook are blocked in China, but that hasn't stopped the American companies from partnering with Chinese companies to …
Ctrip.com and affiliate Qunar.com are dumping their vacation rental business, and Tujia.com is swooping in to acquire those assets. Tujia.com …
Supercell, the Finnish maker of games such as Hay Day, Clash of Clans, Boom Beach and Clash Royale, looks ready …
Chinese short-term and vacation rental platform Tujia.com International has agreed to acquire the vacation rental businesses of Ctrip and Qunar.com as part of a strategic partnership agreement. Tujia.com will incorporate the rental portfolio, traffic flows and teams of Ctrip's and Qunar.com's vacation rental businesses, further strengthen its market position after it acquired smaller rival Mighty […]
Shanghai-based alternative investment firm Greenwoods Asset has led a US$100 million series C round of financing in Yijiupi.com, a whole sale alcohol B2B (business-to-business) e-commerce start-up, according to Chinese media reports. Source Code Capital, Lighthouse Capital, Meituan-Dianping and HG Capital also participated in the round. Meituan-Dianping, China's largest peer review and group buying company, is […]
Singapore's Temasek is investing around US$250 million in Columbia China, the China healthcare arm of Seattle’s Columbia Pacific Management, to provide affordable and patient-centered healthcare and senior services targeted at China's growing middle-class population. Temasek and Columbia pacific Management, a fast-growing healthcare provider in Asia, will form a 50/50 joint venture to capitalize on increasing […]
Shanghai-based P2P (peer to peer) lending firm Ppdai.com, backed by Legend Capital and other venture investors, is planning an initial public offering in the U.S. as early as the second half of next year. Formally named Shanghai Paipaidai Financial Information Service Co., the company is currently in initial discussions with bankers about the offering, which […]
Trustbridge Partners and Jiangsu Simcere Pharmaceutical, one of China’s largest drug companies, have led a US$30 million series B funding round in Veritas Genetics, a Boston and Hangzhou-based start-up that offers whole genome sequencing to consumers for US$999. Existing investor Lilly Asia Ventures also participated in the round. Venture investors have backed genetic testing start-ups […]
Chinese state-owned investment firms AVIC Capital and CITIC Capital have joined other private equity investors to commit US$850 million toward Tencent Holdings Ltd's acquisition of Finnish game developer Supercell. China's CITIC Bank Corp and Chinese bad debt manager China Cinda Asset Management also joined the consortium formed by Tencent for the purpose of the deal. […]