Best Food Holding, a Hong Kong-listed food and beverage platform established by Hony Capital, has invested an undisclosed sum in Shenzhen Yuepin, a restaurant chain specializing in Vietnamese cuisine.
Founded in 2013, Yuepin operates seven restaurants in Shenzhen under the Pho Nam and Muine brands. While Pho Nam focuses on light food such as noodle soups and spring rolls, Muine serves full luncheon...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.