China Investment & Development
Former Fortress boss prepares new hedge fund
Stanley Ku, former Hong Kong head of Fortress Investment Group, is setting up a new hedge fund following the closure of Minerva Capital Management last year. Complus Asset Management, which received an asset management license in Hong Kong last week,...
Vickers invests in gamer Spicy Horse
Vickers Venture Partners, an investor based in both Singapore and Shanghai, has injected $3 million in Spicy Horse, a Shanghainese gaming developer.
Vivo Ventures names China head
Life science VC firm Vivo Ventures has promoted two professionals to the role of Managing Partners, including James Zhao, who will now head the firm’s China team in light of the promotion.
Real estate fund flips Macau office tower
Real estate investment firm Westport Capital Partners and its Hong Kong-based development partner, Tenacity Real Estate Group, have sold a 25-story office building in Macau to an undisclosed buyer for HK$970 million ($125 million).
Chinese cactus-product maker gets $1.5m
Kodiak Capital Group, LLC, a New York-based PE investor, has strengthened its ties to the unique-concept firm China Kangtai Cactus Biotech Inc., a developer and producer of cactus-derived health and nutrition products, injecting $1.5 million into the...
Announcing the AVCJ Private Equity & Venture Capital Awards China
2003 was probably one of the gloomiest years in recent memory for people in Asia. It was in that year that we launched our first annual AVCJ Private Equity & Venture Capital Awards at the suggestion of Walden’s Lip Bu Tan, who rightly proposed injecting...
PRC drug company Ascletis raises $100 million
Newly launched Chinese pharmaceutical company Ascletis Inc. – which aims to license high-potential drug products from Western companies and develop them into medicines for China’s fast- growing market – has raised $100 million in private funding...
Kunming drug distributer gets funding
Kunming-based medical logistics and distribution company First China Pharmaceutical Group has received $2.7 million from a group led by New York-based investment and merchant bank Wellfleet Partners. Three institutional investors, including existing backer,...