Investment

Xilong Scientific Looks to Expand by Acquiring 70% Stake in Molecular Diagnostics Firm

Xilong Scientific Looks to Expand by Acquiring 70% Stake in Molecular Diagnostics Firm

Xilong Scientific Co. [SHE:002584] plans to buy a 70-percent stake in a molecular diagnostics company in East China’s Shandong province to expand its market scope within biotechnology.

Dec 12, 2017
Tang Shihua
Mafengwo Raises USD133 Million to Improve Online Travel Content, Services

Mafengwo Raises USD133 Million to Improve Online Travel Content, Services

China’s leading self-guided tour platform Mafengwo raised USD133 million in its fourth funding round and plans to better help users make travel decision, it said today.

Dec 12, 2017
Liao Shumin
Yicartrip Closes USD26 Million A-Round to Shore Up Nationwide Sales Network

Yicartrip Closes USD26 Million A-Round to Shore Up Nationwide Sales Network

Chinese auto finance provider Shenzhen Yicartrip Technology Co. closed A-round funding worth CNY175 million (USD26 million) to ramp up sales…

Dec 12, 2017
Tang Shihua
Jiuding Investment Plans to Pump USD378 Million Into Finance App Jiedaibao Ahead of Its IPO

Jiuding Investment Plans to Pump USD378 Million Into Finance App Jiedaibao Ahead of Its IPO

Jodin Holdings, a large institutional Chinese investor, plans to put another CNY2.5 billion (USD377.9 million) into its internet finance app…

Dec 11, 2017
Dou Shicong
Yao Ming-Backed Private Equity Firm Dunks USD45 Million Into Shankai Sports

Yao Ming-Backed Private Equity Firm Dunks USD45 Million Into Shankai Sports

Shankai Sports International Ltd. has bagged CNY300 million (USD45.3 million) in financing from Yao Capital, which National Basketball Association Hall of Famer Yao Ming co-founded.

Dec 11, 2017
Liao Shumin
Office Vending Machine Startup Xedaojia Raises USD30 Million, Vies to Expand Its Network

Office Vending Machine Startup Xedaojia Raises USD30 Million, Vies to Expand Its Network

Chinese office vending machine startup Xedaojia has secured CNY200 million (USD30.3 million) in B-round financing, and will use the funds it raised to expand its service network, 36kr reported.

Dec 11, 2017
Tang Shihua
Bliss Cake Raises USD14.5 Million in A-Round Financing, Will Funnel Funds Into Promotion

Bliss Cake Raises USD14.5 Million in A-Round Financing, Will Funnel Funds Into Promotion

Online baked goods group Bliss Cake said it has completed its A-round of financing and will put proceeds into promotion.

Dec 11, 2017
Tang Shihua
AIIB Approves Its First China Investment to Aid Coal-to-Gas Transition

AIIB Approves Its First China Investment to Aid Coal-to-Gas Transition

The Asian Infrastructure Investment Bank has approved a USD250-million loan to construct a natural gas supply network in Beijing, it said this morning.

Dec 11, 2017
Liao Shumin
Chinese Fitness Brand Supermonkey Closes C-Round Financing to Fund Expansion

Chinese Fitness Brand Supermonkey Closes C-Round Financing to Fund Expansion

Chinese fitness startup Supermonkey has completed its C-round financing worth millions of yuan so it can open more stores nationwide.

Dec 11, 2017
Tang Shihua
Fosun Pharma Mulls Buying US Biomedical Firm Via Share Issue

Fosun Pharma Mulls Buying US Biomedical Firm Via Share Issue

Shanghai Fosun Pharmaceutical (Group) Co. [SHE:300109] holds a 16.27 percent stake in Bo’ai Fosun Biological Medicine Co.

Dec 11, 2017
Liao Shumin
Ant Work Nabs Millions in Series-A Funding, Promotes UAV Logistics Deliveries

Ant Work Nabs Millions in Series-A Funding, Promotes UAV Logistics Deliveries

A Chinese start-up company committed to unmanned aerial vehicle (UAV) logistics deliveries recently announced it secured tens of millions in…

Dec 9, 2017
Tang Shihua

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