Chinese online retailer JD.com has invested $306 million in e-Shang Redwood (ESR), a private equity-backed pan-Asia logistics operator and fund manager.
The two companies want to develop their existing partnership - JD.com is a longstanding customer of ESR - across Asia with an emphasis on China. Zhenhui Wang, CEO of JD Logistics, predicted this effort...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.
China Everbright has completed the first close of RMB800 million ($115.4 million) on its third healthcare fund. The overall target for the vehicle is around RMB1.5 billion.