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...
China-based data storage software services provider XSKY has raised a RMB320 million ($45 million) Series D led by China's State Owned Capital Venture Capital Fund.
CF PharmTech, a Chinese medical devices maker focused on innovative respiratory products, has raised a $50 million Series F round with support from CICC Capital.
Chinese insulin manufacturer Gan & Lee Pharmaceuticals, which counts Qiming Venture Partners and Goldman Sachs among its investors, raised RMB2.5 billion ($354 million) through an A-share IPO.
KKR has agreed to buy a 54% stake in Indian drug maker J.B. Chemicals & Pharmaceuticals for INR31.1 billion ($416 million) and made an open offer for an additional 26% of the company.