Youku and Tudou, China’s leading online video companies - both of which are US-listed - will merge in a 100% stock-to-stock to transaction worth over $1 billion. The combined entity will be the country's biggest video platform with a more than 35% market share.
Competition is intense in the online video market, with Sohu, Baidu and Tencent all seeking to eat away at the two market leaders. This has led to increasing costs for internet bandwidth, content and mobile...
Increased climate change awareness on a corporate level is leading to more investment – either direct or through funds – in start-ups that offer mitigation solutions. Asia is a key geography
Healthcare-focused Panacea Venture has led a $40 million Series C round for China’s XWPharma, a neurobiology-focused biotech developer previously known as XW Laboratories.
Kyee Technology, a Chinese digital medical platform has raised RMB430 million ($64 million) in a Series D round led by Tencent Holdings. Other investors include Longmen Capital, Dyee Capital and Royal Sea Capital.
Biocytogen, a Chinese contract research organization (CRO) that provides genetically-modified mice for drug testing, has raised RMB970 million ($143 million) in an extended tranche of Series D funding.