Beijing Bytedance Technology Co. has reportedly kicked off an equity-fundraising round that could value the owner of China’s most popular news-aggregation app at as much as US$75 billion. The company is aiming to raise around $3 billion, according to a media report. Although, that amount could change and there is no guarantee Bytedance will achieve its targeted valuation. Founded in 2012, Bytedance owns a series of content platforms including its flagship product Toutiao that provides users personalized content through machine …

Chinese News App’s Parent Bytedance Rumored To Raise $3 Billion appeared first on China Money Network.

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SoftBank Group Corp.’s Vision Fund plans to lead an investment of US$3 billion to US$5 billion in Alibaba’s food delivery giant Ele.me, according to a Bloomberg report. Masayoshi Son’s near-$100 billion is in discussions with potential investors including venture capital firms added the report. As part of the agreement, Alibaba intends to merge Ele.me with in-house arm Koubei, which focuses on connecting restaurants to the internet but negotiations are ongoing and the terms could still change, said the report. The SoftBank …

Softbank’s Vision Fund To Invest $3B In Alibaba’s Food Delivery App Ele.me appeared first on China Money Network.

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To tackle China’s structural shortage of quality healthcare services, technology and innovation can play an important role beside regulatory reform, Jiang Xiaodong, managing partner of Chinese venture firm Long Hill Capital, told China Money Network. A recent movie about the dare conditions faced by patients who are terminal ill in China and its viral spread all over social media reflects the pervasive anxiety across Chinese society. Based on a real-life story, the movie featured a Chinese vendor who smuggled cheap …

Long Hill Capital Sees Opportunities In China’s Underserved Healthcare Sector appeared first on China Money Network.

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Luxembourg-headquartered private equity fund CVC announced that its CVC Asia Fund IV has entered into binding agreements to invest HK$2 billion (US$255 million) of new capital for 25% in RKE International Holdings Limited, a toll road operator in China. RKE is a subsidiary of RKI, a Hong Kong listed property development and infrastructure conglomerate. RKE invests in, develops, manages, and operates expressways and toll roads. It has a portfolio of five expressways spanning 340 kilometer and strategically located in important …

Private Equity Firm CVC Invests $255M In Chinese Toll Road Operator RKE appeared first on China Money Network.

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Chinese medical solution provider Medlinker has raised a RMB1 billion (US$146.8 million) series D round led by China Capital Zhongcai Fund, an industrial fund management company jointly sponsored by China Investment Securities, Zhongcai Financial Holding Investment LTD and others. Other investors of this round include Sequoia Capital, China Health Industry Investment Fund and Huaxing Capital. Founded in 2014, Medlinker is specially designed for doctors who can share their expertise, experiences, and opinions with other elites in the industry through the …

Chinese Medical Solution Provider Medlinker Raises US$147M in Series D Round appeared first on China Money Network.

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Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired a 50% stake in Spanish boutique hotel brand Hospes Hotel Group, of which its total asset is valued at €125 million, forming a joint venture with a Spanish investment company Omega Capital. Gaw Capital invested through its European Hospitality Fund I managed by GCP Hospitality. Hospes Hotel Group is a Spanish hotel operator with 10 properties in the luxury and heritage boutique hotel segment. Each hotel has been …

Gaw Capital Acquires 50% Of Spanish Boutique Hotel Group Hospes appeared first on China Money Network.

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Chinese B2C e-commerce group JD signed a cooperation agreement with Xi’an National Civil Aerospace Industrial Base to build JD Group’s largest comprehensive smart logistics…

China’s supermarket chain retailer Wumart Group and Norway’s Arctic Green Seafood signed a strategic deal during the Norway-China Business Summit 2017. For the next…

China-based Xiaomi is extending its reach further into the Indian market with additional manufacturing strength. Xiaomi has cooperated with Foxconn in the building of…

China-based LeEco is slashing its workforce in neighboring India. Atul Jain, LeEco’s chief operating officer of smart electronic product business, and Debashish Ghosh, LeEco’s…