The Carlyle Group has appointed former Kingsoft CEO Hongjiang Zhang as a senior advisor to its Asian private equity business. The move is intended to deepen the firm’s coverage of the internet and technology space.
Zhang retired from Kingsoft in December 2016, having spent five years with the software and internet services company. Before that, he was chief technology officer of Microsoft’s Asia Pacific research...
The Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.