Chinese investment bank China Renaissance has passed a hearing by the listing authorities in Hong Kong and is moving toward a share debut later this month with an initial public offering size of US$400 million. The latest information came from multiple……
Li Ka-shing-backed US Start-up Driver Launches Paid Service To Revamp Cancer Care
Hong Kong billionaire Li Ka-shing-backed US start-up Driver has launched a paid service to match cancer patients worldwide with suitable treatments offered in the United States, China and Singapore. Driver will provide a list of the latest available ca……
Orchid Asia Leads $70M Series E Round In Chinese Medical Cosmetology Platform SoYoung
Beijing-based medical cosmetology platform SoYoung today announced that it has raised a US$70 million series E round at unicorn valuation led by private equity firm Orchid Asia Group. The latest round witnessed the participation of new investors BOC In……
China Starts Making First Civilian Passenger Airship
China has started developing the first “state-level” civilian passenger airship to lift the country’s aviation industry to a new level, said the Chinese state-owned aerospace and defence conglomerate Aviation Industry Corporation of China, Ltd. (……
Arrest Of JD.com CEO Richard Liu In Minnesota Leads To A Split Internet In China
The arrest and subsequent release of JD.com Inc’s CEO Richard Liu on sexual misconduct in Minnesota in the United States have caused an uproar on the Internet in China with opinions split among deep disbelief to sharp criticism. The billionaire f……
Chinese Electronics Firm Gree Sets Up $1B Unit To Expand To Semiconductor Sector
Chips, once an industry shunned by entrepreneurs and businesses in China because of its high technology barrier, is now attracting companies from all sectors as China strives to lessen reliance on imported chips. The latest is Zhuhai, Gunagdong Province-based Gree Electric, a Chinese appliance manufacturer, who has set up a new unit to expand to the semiconductor space. The new firm, Zhuhai Zero Border Integrated Circuit Co. Ltd., was established with a registered capital of RMB1 billion (US$150 million), according …
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Race For 5G Deployments Heats Up Across China
China has launched various 5G scale test and application pilot programs, while local governments are setting 5G coverage schedules and accelerating infrastructure construction, as the country races to seize the advantage of 5G technology, according to multiple Chinese media reports. According to the Ministry of Industry and Information Technology (MIIT), China will realize 5G commercialization by 2020. Three major Chinese telecom operators, China Mobile, China Unicom and China Telecom, are accelerating the 5G pilot layout, launching 5G pilots in major …
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Chinese Smartphone Giant Huawei To Reportedly Enter Smart TV Market
Chinese smartphone giant Huawei will launch its first smart TV before end of this year, to enter the increasingly competitive smart TV market in China, according to Chinese media citing insiders. Huawei’s first TV may have two versions, one 43-inch beginner level and one 65-inch targeting the high-end consumers. The products will be released under Huawei’s Honor brand in order to test the market. After this launch, Huawei also plans to launch a higher-end smart TV, running its own Kirin …
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Hong Kong-based Gaw Capital Acquires Melbourne’s Bell City For $113M
Hong Kong-based real estate private equity firm Gaw Capital Partners announced the acquisition of Bell City mixed-use development for AUD$157 million (US$ 113 million) in Melbourne’s Preston precinct via GCP Hospitality, according to the company’s announcement. GCP Hospitality is the hospitality arm of Gaw Capital Partners, a private equity fund management company focusing on adding strategic value to under-utilized properties in the global market. GCP Hospitality runs over 39 properties and provides hotel management, asset management, and business development services …
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US Seed Accelerator Y Combinator Appoints Baidu’s Former COO Lu Qi To Head Its New Chinese Business
American seed accelerator Y Combinator recently announced its China plans and appointed Baidu’s former COO Lu Qi as its CEO, according to a Chinese media report. Founded in 2005, Y Combinator has invested in more than 1,900 start-ups with a total valuation of US$100 billion. Its portfolio includes companies like short-term rental platform Airbnb Inc., file hosting service Dropbox and social discussion website Reddit. Y Combinator China will also raise capital to invest in early-stage projects. In an interview with the …
US Seed Accelerator Y Combinator Appoints Baidu’s Former COO Lu Qi To Head Its New Chinese Business appeared first on China Money Network.
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