Chinese private space launch firm LandSpace has secured a RMB300 million (US$43.21 million) series B+ round of financing led by venture capital firm China Growth Capital, bringing the money raised by the company to over RMB800 million (US$115.22 millio…
Guangzhou City, CAS Launch $144M Fund To Invest In Science and Technology Projects In Greater Bay Area
Guangzhou Jinkong Fund, a subsidiary of state-owned Guangzhou Finance Holdings, has launched a new fund with the Chinese Academy of Sciences (CAS) with a focus on science and technology Investments，according to an announcement.
The collaboration agreem…
China’s Insurance Giant Ping An Forays Into Europe With $47M Investment Into German Fintech Firm Finleap
Ping An Global Voyager Investment Fund, an investment vehicle of Chinese Insurance behemoth Ping An Insurance Group Co., has led a EUR41.5 million (US$47.54 million) funding round in German fintech firm Finleap, according to an announcement.
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Crypto Exchange OKEx Faces Backlash After Sudden Change Of Contracts
OKEx, one of the world’s most popular cryptocurrency exchanges, is facing a backlash from traders after it changed the terms on US$135 million derivative contracts without warning last Wednesday, causing losses on investors.
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Crypt…
Hillhouse, Morgan Stanley Lead $115M Series C Round In Golden Education
Hillhouse Capital and Morgan Stanley have co-led a RMB800 million (US$115 million) series C round in Golden Education, a professional training company specialized on providing financial training and certification programs.
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Hillhouse, M…
Foreign Investors Accelerate Chinese NPL Purchases As Cross-Border Deals Increases
There has been increasing interests to purchase Chinese non-performing assets by foreign investors, as a Chinese financial asset exchange platform saw increasing transaction volumes this year, mostly driven by NPL deals.
Shenzhen Qianhai Financial Ass…
China’s Sovereign Wealth Fund CIC In Talks With HSBC To Launch £1B UK-Focused Fund
The sovereign wealth fund China Investment Corporation (CIC) and one of the world’s largest banks HSBC are in talks to create a fund to finance British companies with “development opportunities in China”, according to a statement released by HSBC…
Redpoint Ventures China Leads Series B Round In Chinese CMP Provider FIT2CLOUD
FIT2CLOUD, a cloud management platform (CMP) provider, has announced that it has secured a series B financing round led by Redpoint Ventures China.
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China’s Bitcoin Miner Canaan Lets HK IPO Application Expire
China’s Canaan Inc, one of the world’s largest makers of cryptocurrency mining equipment, has seen its application for a Hong Kong initial public offering (IPO) expire, raising doubts on the prospects of its Chinese peers IPO application.
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Sequoia Leads Series A+ Round In Chinese Autonomous Driving Start-Up PlusAI
PlusAI, an autonomous driving start-up, today announced that it has raised an undisclosed series A+ financing round led by Sequoia Capital China.
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