Jun 17, 2014 | China, East Asia, News
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for...
Jun 16, 2014 | China, East Asia, News
TechCrunch June 13, 2014 CTQuan, the Chinese equity crowdfunding site for startup companies, has raised roughly $4 million in a new round of financing, TechCrunch has learned. The Beijing-based company (and CrunchBase content partner) is similar to AngelList in its...
Jun 5, 2014 | China, East Asia, News
China’s biggest e-commerce firm Alibaba has bought a 50% stake in Guangzhou Evergrande Football Club for a reported 1.2 billion yuan ($192m; £114m). Guangzhou Evergrande is one of China’s most successful football clubs. It was the first Chinese team to win...
May 20, 2014 | China, East Asia, News, North America
TechCrunch May 19, 2014 Amazon has poured $20 million in Yummy77, a food delivery site based in Shanghai. Yummy77 confirmed the funding in a post on Weibo and said it will use the capital to expand into new markets and help Amazon’s China site expand its selection of...
Apr 22, 2014 | China, East Asia, News
SHANGHAI, April 21 (Reuters) – Chinese drugmaker Shanghai Fosun Pharmaceutical Group Co Ltd and private equity firm TPG Capital agreed to buy China-focused Chindex International Inc in a beefed-up $461 million deal after trumping a rival bid. The U.S.-listed...
Apr 21, 2014 | China, East Asia, News
April 21 (Reuters) – China’s online game developer Perfect World Co Ltd said it joined the consortium offering to buy rival Shanda Games Ltd. Perfect World said it would buy 30.3 million class A Shanda Games shares for $100 million from Shanda Interactive...
