China Development Industrial Bank
CDIB leads round for Taiwan image-recognition start-up
Viscovery, a Taiwanese cloud-based image-recognition technology start-up, has raised $10 million in an extended Series A round led by China Development Industrial Bank (CDIB), a subsidiary of China Development Financial Holding.
China Development Financial Holding plans PE fund - report
Taiwan-based China Development Financial Holding (CDFH) is said to be planning a private equity fund that will invest in unlisted companies in local creative industries. This is line with a strategy to strengthen its asset management business while reducing...
Harbin Electric management buyout receives board approval
Shares in NASDAQ-listed Harbin Electric jumped as much as 73% on Monday as the board agreed to a management buyout backed by private equity firm Abax Global Capital and China Development Bank. The stock closed at $13.35, up 59%, but still well below the...
Harbin Electric denies concerns over PE-backed management buyout
Harbin Electric, a Chinese electric motors manufacturer that is subject to a $750 million management buyout backed by Abax Global Capital, has challenged fraud claims made by a short-seller that has seen the company’s stock tumble.
Chinese regulator considers making brokerage PE pilot program full time
A pilot program under which Chinese securities companies participate in private equity investment may be approved for full implementation. Huang Wenyuan, director of the department of institutional investors at the China Securities Regulatory Commission...
China Development Bank applies for stake in TPG
Government-owned China Development Bank (CDB) is reportedly seeking permission to purchase a stake in TPG Capital, coming one month after TPG sold a 4.5% stake to the Government of Singapore Investment Group (GIC) and the Kuwait Investment Authority (KIA).
China Development Bank to launch fund of funds
Government-owned China Development Bank is set to take on the role of limited partner, launching China's first fund of funds worth a reported RMB60 billion ($9 billion).