Xiaolinggou Chuxing, the electric vehicle (EV) rental unit of Chinese carmaker Geely Auto Group, has raised RMB688 million ($97 million) in a Series A funding.
The capital came from state-owned construction conglomerate Yincheng Group and Hangzhou Puzhao, a local internet services company focused on the automotive sector. It will be used for R&D, collaboration...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs), has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.