Yantai Zhenghai Bio-tech, a Chinese biotechnology company backed by CDH Investments, saw its stock gain 44.03% on its first day of trading following a RMB234 million ($34 million) IPO in Shenzhen.
Zhenghai Bio-tech sold 20 million shares at RMB11.72 apiece. CDH - which invested $233,333 for a 12% stake in the company in 2015 - did not make a partial exit in the offering. The stock opened at RMB15.47...
WM Motor Technology's recent Series B round makes it one of the best-funded electric vehicle start-ups in China. The company has ambitions to build an EV ecosystem
Gobi Partners and China Prosperity Capital have led a RMB300 million ($45 million) round of funding for 36Kr Media, a Chinese online technology news platform.
Japanese e-commerce giant Rakuten has launched a Singapore-based accelerator program in conjunction with Techstars. It is Techstars’ first program in an Asian city.
UK-based development finance institution CDC Group has led an $18.6 million Series B round for Indian non-banking finance company (NBFC) Veritas Finance.