ZTO Express, a China logistics operator backed by investors including Warburg Pincus and Sequoia Capital, has set a target of up to $1.33 billion for its US IPO.
The company made its initial filing two weeks ago. A more recent document indicates the company will sell 72.1 million American Depository Shares (ADS) for $16.50-18.50 apiece. A further 10.82 million...
Blume Ventures has reached a final close of $60 million on its second India early-stage fund.
Shanghai-listed Zhongji Investment Holding has won shareholder approval to acquire UK-based Jagex Games Studio, the VC-backed developer of online role-playing game "RuneScape," in a deal worth RMB1.63 billion ($240 million).
A consortium led by US private equity firm Housatonic Partners will acquire a majority stake in the Australian records management unit of New York-listed business services provider Iron Mountain for $A70 million ($53 million).
Sequoia Capital China has agreed to invest RMB348 million ($51.7 million) in Gopher Asset Management, the alternative asset management unit of China’s Noah Holdings.