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Chinese LeSports to raise US$439 million to focus on core video product
LeSports, the sports unit of cash-strapped Chinese Internet and technology conglomerate LeEco, is amid the process of raising RMB3 billion (about US$439 million) from an unnamed investor to support future growth. Prior to this, LeEco has raised RMB15.04 billion (about US$2.18 billion) from Sun Hongbin, the chairman of Chinese property developer Sunac China Holdings earlier […]
CDH-backed New Century Healthcare completes US$102 million Hong Kong IPO
Beijing-based New Century Healthcare has on Wednesday completed its listing on the Hong Kong Stock Exchange (SEHK), the initial public offering (IPO) involving 120 million shares is valued at US$102 million.
Singaporean bitcoin startup CoolBitX raises US$200,000 from Midana Capital
Singaporean bitcoin startup CoolBitX has managed to secure S$280,000 from Midana Capital. The startup plans to use the funds for further R&D, as well as for marketing CoolWallet to Taiwan, Japan and the wider Bitcoin community.
Chinese hotel management GreenTree Group to buy CVC-backed Da Niang Dumplings
Owner of Green Oriental Hotel and GreenTree Inn Hotel, China hotel management group GreenTree has crossed the border and entered into the catering business via its acquisition of Da Niang Dumplings.
Chinese hyperlocal delivery service UUPT.com closes US$13.9 million via Series A
UUPT.com, a hyperlocal delivery service that helps people escape from their everyday chores has just raised 96 million yuan (about US$13.9 million) on January 8. The fresh round of financing will be used to expand UUPT's delivery services to Hangzhou, Shanghai, Nanjing and other first-tier cities.