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Fintech News

Fintech News 
July 31, 2019

Hongtai Capital Backs Chinese Biopharma Firm Qyuns Therapeutics In Series B Round

Chinese biopharmaceutical firm Qyuns Therapeutics has raised several hundred millions of yuan in a series B round of financing led by Hongtai Capital, a venture capital firm co-established by the founder of Chinese education giant New Oriental Educatio…

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Fintech News 
July 31, 2019

Chinese E-Signature Start-Up BestSign Merges With Homegrown Rival

Chinese electronic signature start-up BestSign announced on Wednesday that it has merged with a Beijing-based counterpart, 51signing.com, to join forces to compete in the burgeoning e-signature market in China.
(more…)
Chinese E-Signature Start…

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Fintech News 
July 31, 2019

Hongtai Capital Leads $14M Series A+ Round In Chinese Pharmaceutical Firm

Chinese pharmaceutical firm CGeneTech has raised over RMB100 million (US$14.52 million) in a series A+ round of financing led by Hongtai Capital, a venture capital firm co-established by the founder of Chinese education giant New Oriental Education.
(…

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Fintech News 
July 31, 2019

New York-Listed New Frontier To Buy Chinese Private Hospital Operator For $1.44B

New Frontier Corporation, the New York-listed investment vehicle affiliated with New Frontier Group, has agreed to purchase Chinese hospital operator United Family Healthcare for US$1.44 billion to create one of the largest publicly-listed healthcare s…

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Fintech News 
July 30, 2019

Chinese Aerial Work Start-Up Zhongneng United Unveils $217M Fresh Funds In 2019

Zhongneng United, a Chinese aerial work platform equipment rental company, announced on Tuesday that it has raised RMB1 billion (US$145.26 million) in a strategic investment from a group of financial institutions including state-owned Industrial and Co…

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Fintech News 
July 30, 2019

Hong Kong-Based Financial Services Frim AMTD Sets Terms For $172M New York IPO

Hong Kong-based financial services firm and boutique investment bank AMTD International has set the terms for an initial public offering (IPO) on the New York stock exchange to raise US$172 million at the midpoint of its proposed price range, according…

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Fintech News 
July 30, 2019

Chinese Novel Drug Developer Hinova Pharma Nets $40M In Series B Round

Hinova Pharma, a novel drug developer based in southwestern China’s Chengdu city, announced on Monday the completion of a US$40 million series B round of financing led by healthcare-focused private equity fund Hermed Capital and Chinese listed ph…

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Fintech News 
July 29, 2019

Chinese Investment Bank China Renaissance Raises Nearly $1B For Latest RMB Fund

Chinese investment bank China Renaissance Group announced on Monday that its private equity unit, Huaxing Growth Capital, has raised the third RMB-denominated fund at over RMB6.5 billion (US$943.08 million), with oversubscription of more than RMB1 bill…

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Fintech News 
July 26, 2019

China Closes $29B ‘Big Fund II’ To Catch Up In Global Semiconductor Race – CSJ

The Chinese government has raised about RMB200 billion (US$29.08 billion) for the second China Integrated Circuit Industry Investment Fund to back homegrown chip developers and accelerate the country’s ambition of building a world-class semicondu…

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Fintech News 
July 26, 2019

JD Digits, Tencent Lead $50M Series B Round In Chinese Auto Financing Start-Up

Linkfin Technology, a Chinese fintech start-up specialized in automobile financing, has raised US$50 million in a series B round of financing jointly led by JD Digits, the fintech unit of Chinese e-commerce giant JD.com, and technology giant Tencent Ho…

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