A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
In a statement, it cited "various market considerations" for the decision. This comes only two weeks after Starwood terminated a prior agreement with Marriott in favor of Anbang's initial $13.1 billion...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.