A government-backed HK$100 billion (US$12.8 billion) private equity fund, with the participation of an array of enterprises in Hong Kong and mainland China, was launched on Wednesday to finance the high technology industries in the country’s boom…
Fintech News
Alibaba-Backed E-Commerce Platform Names New CEO As Part Of Succession Plan
Lazada Group, an e-commerce firm backed by Alibaba Group Holding, has appointed Pierre Poignant as its new chief executive officer (CEO) on Thursday to lead Lazada’s operations in Southeast Asia.
(more…)
Alibaba-Backed E-Commerce Platform Names…
Alibaba Acquires Strategic Stake In Israeli AI-Powered Transportation Optimization Firm Optibus
Israeli public transport optimization start-up Optibus has raised US$40 million in a series B financing round, led by Insight Venture Partners, and a strategic investment from Chinese e-commerce giant Alibaba Group Holding, announced the company on Wed…
Chinese Fintech Firm CreditEase’s VC Fund Joins $100M Investment In Cross River Bank
China’s fintech conglomerate CreditEase, which specializes in inclusive finance and wealth management, announced that its investment vehicle CreditEase FinTech Investment Fund (CEFIF) has joined a US$100 million funding round of banking services …
China To Ease Tax Burden For Venture Capital Firms In The Country
China will lower tax payment for individual partners of Chinese venture capital enterprises for the next five years, to inspire venture capital (VC) investment, announced the cabinet on Wednesday.
(more…)
China To Ease Tax Burden For Venture Ca…
Legend Capital Leads Series C Round Into China’s Testing Services Provider Safe Medical Evaluation
Safe Pharmaceutical Research Institute Co., the Beijing-based drug developer and safety testing services provider, has finished a series C round, led by Legend Capital, the China-based venture capital firm formed by conglomerate Legend Holdings.
(more…
Alibaba and SoftBank’s Vision Fund Co-Lead $1.1B Into Indonesia’s E-Commerce Firm Tokopedia
PT Tokopedia, Indonesia’s Taobao, has completed US$1.1 billion, led by SoftBank Group Corp’s Vision Fund and Alibaba Group Holding, with participation from Softbank Ventures Korea, according to a company announcement today.
(more…)
Alibaba and …
Citibank, HSBC Grant Credit Financing To China’s Cross-Border E-Commerce Firm Dolphin
Shenzhen Dolphin Cross Border Technology Co., a Chinese cross-border online shopping supply chain services provider, has inked a strategic partnership with several commercial banking firms including Citibank and HSBC to obtain a total of tens of millio…
Warburg Pincus and Hande Group To Invest $1B In New Joint Venture For Special Situations Real Estate Opportunities in China
Warburg Pincus and Hande Group will tie up to establish a corporate joint venture to pursue special situations investment in real estate projects in China.
(more…)
Warburg Pincus and Hande Group To Invest $1B In New Joint Venture For Special Si…
China’s Food E-Commerce Firm Xianlife Gets Investment From AI Firm Face++
Beijing Xianlife E-Commerce Co., a Chinese business-to-consumer (B2C) food e-commerce firm, has secured a new round of financing from a strategic investor Face++ and a South Korea consortium, Xianlife announced today during a press conference in Beijin…