PEdaily Latest News

CIC Eyes Opportunities for European Investment

Fri, 11 May 2012 17:54:49 GMT

The ongoing European debt crisis may have stopped China's sovereign wealth fund from investing in government bonds from the continent, but it will seek other high-return projects there.

Q1’12 Witnesses VCs’ Fundraising Reaching US$957.66M and Hitting A New High

Fri, 11 May 2012 17:40:03 GMT

According to the data recently published by Zero2IPO Research Center, a well-known VC and PE research institute in Greater China, VC fundraising nosedived in Q1’12 in terms of both the number of new funds and the capital raised.

Hainan's First PE Fund Is Established with an Estimated Size over RMB500M

Thu, 10 May 2012 14:36:06 GMT

Hainan Everassion Shengrong Equity Investment Fund, jointly launched by Everassion Equipment Investment Fund Management and Hainan Shengrong Investment, is also the first equity investment fund in the province.

William Chen Leaves DT Capital to Set up Clearvue Partners

Christina Chao — Thu, 10 May 2012 14:32:26 GMT

The reporter of PEdaily.cn has not reached William Chen, but the staff in DT Capital Partners has confirmed that William Chen has officially left.

CBC Capital Leads Series D Investment in Evernote

Wed, 09 May 2012 14:28:52 GMT

In China, the cloud note-taking application is still an emerging sector. The Chinese similar applications include Fit Cloud Note, Netease Youdao Cloud Note, Mknote launched by Shanda, etc.

Secoo.com Raises US$30M in Series B Financing

Wed, 09 May 2012 14:25:33 GMT

It is confirmed that the investment is jointly made by Ventech Capital, IDG Capital Partners, Bertelsmann Asia Investments and Crehol China.

China's Online Third-party Payment Booms in Q1

Tue, 08 May 2012 17:52:31 GMT

BEIJING - China's online third-party payment market reached 758.3 billion yuan ($120.49 billion) in the first quarter of 2012, a major tech and Internet information provider said Monday.

Beijing May Host OTC Market

Tue, 08 May 2012 17:51:52 GMT

China will allow small and medium-sized non-public companies to have their securities traded on a national over-the-counter market, with individuals allowed to invest, an official with the country's top securities regulator said on Monday.

The Top 10 Firms Looking to List

Mon, 07 May 2012 17:49:18 GMT

With the deepening of the reform of the cultural administrative system, the central government has accelerated a pilot project launched in 2009 to transform 10 major State-owned news websites into commercial enterprises.

China Postal Express Gets IPO Nod

Mon, 07 May 2012 17:45:56 GMT

The China Postal Express and Logistics Co, the country's largest courier service, has received regulatory approval for an initial public offering in Shanghai.

Jiuding Capital Will Complete RMB500M Round A Fundraising

Christina Chao — Mon, 07 May 2012 14:33:11 GMT

Generally, few investment institutions are involved in it. Except Jiuding Capital, there are only a few investment institutions like CSM Group and NewMargin Ventures that are able to establish a team dedicated to such investment sector.

Carlyle Group Goes Public on NASDAQ with US$671M Raised

Christina Chao — Mon, 07 May 2012 14:19:03 GMT

Carlyle Group sold 30.5 million common shares with the price of US$22.00 per share and garnered altogether US$671.00M in the IPO, or 10.0% of its shares.

Star Cable Gets Listed On Shanghai Stock Exchange

Bennie Ning — Mon, 07 May 2012 13:53:46 GMT

Founded on July 7, 2003, Cable Star’s predecessor Sichuan Cable Star has been committed to the R&D, production, marketing and services of special cables and represents the largest special cable producer in southwest China.

People.cn debuts on Shanghai Stock Exchange

Fri, 27 Apr 2012 19:04:45 GMT

People.cn Co Ltd, the online portal of the People's Daily, the Chinese Communist Party's official newspaper, has started to trade its shares on the Shanghai Stock Exchange Friday.

People.com.cn Raises RMB1.1B by Listing On Stock Exchange

Christina Chao — Fri, 27 Apr 2012 14:22:25 GMT

Goldstone Capital subscribed 2,073,200 shares with RMB15M monetary capital, having a 1.0% stake. The price of the two investors for the subscription is RMB7.235 per share.

CAR Hits Brakes on IPO, Citing Market Turbulence

Thu, 26 Apr 2012 19:06:11 GMT

China Auto Rental Holdings Inc, which had aimed to become the second Chinese company to list in the United States this year, suddenly suspended its initial public offering on Wednesday, citing concerns it might have to slash its price amid market turbulence.

Startup Financing Differs Greatly between China & US Dollars May Flow back to the US

Fiona Fu — Thu, 26 Apr 2012 17:08:55 GMT

As we can see from above, China and the US have totally opposite attitudes towards small and medium-sized enterprises’ financing, listed companies’ responsibility in information disclosure and regulations on PE sector. Thus gaps are increasing between two investment environments. Even China encourages the development of small and medium-sized enterprises, but overall, there is still heavy stress on Chinese startup financing and equity investment regulations.

Accelink to Invest RMB40.00M in Optoelectronics Fund

Thu, 26 Apr 2012 15:07:16 GMT

As the controlling shareholder, Wuhan Accelink technologies Co., Ltd. holds a 49.6% stake in Fenghuo Venture Capital, and consequently this cooperation constitutes a related party transaction.

China Auto Rental Suspends NASDAQ IPO Due to Poor Subscription

Thu, 26 Apr 2012 15:05:10 GMT

But China Auto Rental officially responded that the valuation given by American investors is unreasonably low, so it decides to suspend IPO to avoid great losses.

Nanchang Establishes RMB1.00B Low-Carbon Fund

Thu, 26 Apr 2012 15:04:05 GMT

Committee of Nanchang National High-tech Industrial Development Zone (Nanchang High-Tech Zone), to invest in high-tech, high-growth, new material, clean energy, Internet of Things, new economy and other industries and fields in Nanchang High-Tech Zone.

TutorGroup Secures US$15.00M Investment from Qiming Ventures

Wed, 25 Apr 2012 15:03:10 GMT

TutorGroup, an online language live tutoring company, announced that it received a US$15.00M investment from Qiming Ventures. TutorGroup, the parent company of the world renowned English tutoring site VIPABC.com and Chinese tutoring site TutorMing.com, will accelerate its business growth in China, thus expanding China’s live online English tutoring market.

Junsan Capital Injects RMB25.00M into Onetouch Technology

Tue, 24 Apr 2012 15:01:47 GMT

unsan Capital completed an investment of a total of RMB25.00M in Shenzhen Onetouch Technology Co., Ltd. via its fund.

Reiter Capital Closes Its Investment in MedEx Tech.-Trade

Tue, 24 Apr 2012 15:00:22 GMT

Beijing MedEx Tech.-Trade Corp. is a leading medical institution information solution provider and a digital medical equipment manufacturer in China.

Group-buying Sites Hit by Consolidation

Mon, 23 Apr 2012 18:49:48 GMT

Half of China's group-buying sites have shut down since the industry peaked and only 10 major players will survive an ongoing reshuffle, experts say.

Intel Capital Announced Its Investment in Beijing ZZNode Technology

Mon, 23 Apr 2012 14:59:01 GMT

ZZNode Technology is focusing on providing software and resolutions for telecommunication and IT operation management and has extended its business to infrastructure service management software and service market of public and private cloud computing in China.