Hony Capital has agreed to acquire a RMB15 billion ($246 million) stake in Chinese hotel company Shanghai Jin Jiang International Hotels Development.
According to a statement, the GP bought 100 million shares in Shanghai Jin Jiang at RMB15.08 apiece for a 12.43% stake in the business. The price represented a 23% discount to the company's Thursday close...
Pre-pandemic, it was unclear whether China’s software-as-a-service (SaaS) industry could achieve monetization. Much has changed since then, says Yipin Ng, co-founder and managing partner of Yunqi Partners
B2B trading platform Chubby Bear not only wants to drive consolidation in China’s renovation materials space, but also provide exclusive products and supply chain services to contractors
AInnovation, an artificial intelligence (AI) consulting business established by Sinovation Ventures, has completed Series D funding led by SoftBank Vision Fund II. The size of the deal was not disclosed.
Secondaries specialist Lucian Wu has left his role as a managing director with HQ Capital in Hong Kong.