Shenzhen-based robot developer Ubtech and drone maker DJI, both backed by venture investors, were featured on the Chinese New Year’s gala, highlighting the government’s push toward innovation and entrepreneurship. DJI has backings from Accel Partners and Kleiner Perkins Caufield & Byers (KPCB). It reportedly secured investment from New China Life Insurance Co Ltd, GIC and […]

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Global pension fund assets in 19 major markets weighed in at US$35.4 trillion at year-end 2015, down slightly from US$36 trillion a year earlier, according to a new report by research firm Willis Towers Watson. The assets are equivalent to 80% of their underlying countries’ GDP and account for around 35% of the institutional assets […]

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Alibaba Health Information Technology Ltd. is accused of charging Chinese drug companies improper fees, in an escalation of a scandal that emerged last week when the healthcare unit of Alibaba Group Holdings was reportedly to lose its exclusive operational rights of a national electronic drug monitoring system. In a Caixin Magazine article, Alibaba Health has […]

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Only nine Chinese companies completed initial public offerings in January, raising a total of RMB3.8 billion, down 73.5% and 72.7% year-on-year respectively, according to data released by data tracker ChinaVenture. IPOs By Chinese Companies On Domestic Exchanges (Jan 2015-Jan 2016) (Bars are total fundraising value and dots are numbers of IPOs) One Chinese company listed […]

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There are 35 Chinese unicorns, or private companies valued at US$1 billion or above, double from last year’s tally, according to the latest unicorn rankings released by Fortune. Chinese unicorns took up 21% of such highly valued companies, usually backed by venture investors, among the 173 recorded around the world. Last February, Fortune said there […]

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A total of 221 healthcare deals with RMB15.7 billion transaction value were recorded in 2015, up 106% in terms of aggregate deal value, according to data released by Chinese data tracker IT Juzi. The deal value expansion is driven by acquisition deals by major traditional healthcare companies and big Internet companies including Alibaba Group Holdings […]

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As of the end of 2014, around 10% of China’s publicly listed firms are zombie companies, or companies that survives simply because of the support of lenders and the government, according to research by Caixin magazine. The number of zombie companies has been increasing since 2010. The ratio of zombie companies to public company total […]

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Chinese brokerage firms who bought shares to prop up the country’s collapsing stock market last year will adopt an accounting rule to largely avoid any out-sized negative impact on their earnings, says Caixin magazine citing industry insiders. Last year, fifty Chinese brokerage firms provided RMB220 billion (US$34 billion) to China Securities Finance Corp, a government-controlled […]

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Innovation Works, an early stage venture firm founded by former Google China head Kai-Fu Lee, has been approved by Chinese securities regulators to list its incubator and fund management services units on the National Equities Exchange and Quotations (NEEQ), according to a securities filing (in Chinese). The approval means Innovation Works, with offices in Beijing […]

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San Francisco-based U.S. logistics operator Prologis, Inc. says it has received additional US$882 million to its China investment vehicle from the investment arm of the government of Abu Dhabi and Prologis itself. In a company announcement, HIP China Logistics Investment Ltd., a subsidiary of the investment arm of the government of Abu Dhabi, plans to […]

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