International Data Group, an iconic technology publishing firm with titles including PCWorld and the market research firm IDC, is reportedly in talks to sell itself for more than US$1 billion to a Chinese investor consortium headed by Hugo Shong (pictured), chairman of IDG Greater China, according to media reports. The transaction is in advanced discussions, […]
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Chinese metals manufacturer, A-share listed Xinke New Materials, is planning to acquire an 80% stake in a Hollywood film and television production company for RMB2.388 billion (US$360 million), according to a disclosure filing. Anhui province-based Xinke is the latest and perhaps the most unexpected Chinese buyer to acquire assets in Hollywood. Previously, Chinese conglomerates including […]
LeEco has reportedly raised US$600 million from a number of Chinese enterprises, which are headed by executives who are classmates with LeEco founder Jia Yueting at the Cheung Kong Graduate School of Business, according to Chinese media reports. Heilan Home Co., Ltd., Hengxing Group, Yihua Group, Man Wah Holdings Ltd., Yuyue Group and Luye Pharma […]
China's Didi Chuxing has signed a strategic partnership with Avis Budget Group to let its users access Avis Car Rental and Budget Car Rental vehicles in 175 countries and regions globally, adding significant overseas capabilities as the Chinese ride sharing giant expands internationally. Through this strategic partnership, Didi Chuxing’s over 300 million registered users traveling […]
Qualcomm announced the official opening of its new company Qualcomm Communication Technologies (Shanghai) Co. Ltd. Located in Shanghai Waigaoqiao Free …
The reporting environment for foreign journalists is proving hostile in China, according to the Foreign Correspondents' Club of China's annual Working Conditions Survey. Intimidation of sources and local staff, growing harassment and obstruction are major challenges for journalists conducting their work, says the FCCC based in Beijing. The annual Working Conditions survey conducted by the […]
Long Hill Capital, a venture capital firm launched by the team that managed NEA's China investments since 2005, has raised US$125 million for its debut fund, according to an announcement. Limited partners in the new vehicle include NEA, International Finance Corporations, Asia Alternatives, and other global investment institutions. Long Hill Capital will focus on the […]
China's Lenovo Capital and Incubator Group has made an undisclosed strategic investment in a virtual reality content production start-up SoReal, which is backed by acclaimed Chinese director Zhang Yimou. "Augmented reality, virtual reality and mixed reality will be the next great technology changing the world, after the Internet and mobile Internet," says Yang Yuanqing, chief […]
Startup Zen, a co-working space and entrepreneur services firm backed by IDG Capital Partners, has completed a listing on China's New Third Board as the first co-working company to achieve a stock market debut. Founded in 2013, Startup Zen previously raised an undisclosed amount from IDG and China Universal Asset Management (Hong Kong) Co. Ltd., […]
Taikang Life Insurance Co., China's fifth-largest insurer by sales, has agreed to acquire a stake of NorthStar Realty Finance Corp.'s senior care properties for US$1 billion. New York-listed NorthStar Realty, a U.S. investment trust, owns over 460 healthcare properties, including 200 eldercare homes in the U.S. and U.K. The properties are valued at US$6.1 billion, […]