Singapore investment firm Temasek Holdings-backed Vertex Ventures network has announced strategic investment in digital asset trading platform Binance to develop a fiat-to-cryptocurrency exchange in Singapore.
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Temasek-Backed Vertex Ven…
Tencent-Backed Travel Agency Tongcheng-eLong To Raise $1B In HK IPO
Chinese online travel agency Tongcheng-eLong Holdings Limited is seeking to raise US$1 billion from the initial public offering (IPO) in Hong Kong, said a Chinese media citing people familiar with the matter.
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Tencent-Backed Travel Agenc…
Chinese Payment Giant Ant Financial To Infuse $100M In Brazilian Fintech Firm StoneCo
Chinese e-commerce giant Alibaba’s payment affiliate Ant Financial has agreed to buy US$100 million shares of Brazilian card processor StoneCo Ltd in its initial public offering (IPO), according to a securities filing of StoneCo Ltd.
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Bridgewater Files First China All-Weather Fund
Five months after registering as a private equity manager in China, Bridgewater Associates, L.P. has filed its first private equity fund with Chinese regulators just as the stock market plunged here.
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Bridgewater Files First China All-We…
China’s Henan Province Launches $1.44B High-Tech Development Fund
Henan, a densely populated province in central China, launched a RMB10 billion (US$1.44 billion) fund to attract and nurture high-tech enterprises, and speed up the construction of the country’s big data industry center in Henan, according to an …
China’s Everbright Healthcare Fund III Reaches $155M First Closing
China Everbright Limited announced today that it has reach first closing of over RMB800 million (US$155.25 million) for its healthcare investment vehicle Everbright Medical & Healthcare Fund III.
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China’s Everbright Healthcare…
Tiger Global Raises $3.75B For New Fund With China One Of Its Key Investment Markets
Tiger Global Management has raised US$3.75 billion for a new venture capital fund, targeting technology investments mainly in the U.S., China, India, according to a report by the Financial Times.
The fund is larger than its initial target of US$3 billi…
Hong Kong’s Digital Payment Firm TNG FinTech Acquires Indonesia’s WalletKu
Hong Kong-based TNG FinTech Group, a financial technology firm, on Thursday announced that it has acquired Indonesia-based payment wallet developer PT WalletKu Indompet Indonesia.
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Hong Kong’s Digital Payment Firm TNG FinTech Acqui…
Chinese Agricultural Banks See Rising Bad Loans While More Are Expected
Chinese agricultural banks are seeing their non-performing loan ratio increase rapidly, as one of the hardest hit segments in the financial system under tighter regulatory oversight.
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Chinese Agricultural Banks See Rising Bad Loans Whil…
Alibaba Invests $290M In Chinese Liquor E-Commerce Firm 1919 Wines
Alibaba Group Holding Limited has injected a RMB2 billion (US$290 million) series C round of investment to Chinese liquor e-commerce retailer 1919 Wines & Spirits Platform Technology Co., Ltd., according to a company announcement.
After this round,…