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Beijing-based mobile game developer LineKong has raised $80 million in series C funding, according to Chinese media reports. Investors include Orchid Asia, SAIF Partners, Starwish Global and Profitable Century International. LineKong previously received $10 million series A funding from IDG Capital Partners in 2007, and $25 million series B funding from NEA (New Enterprise Associates)

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Fujian province-based Chinese diaper maker AAB Group is planning an IPO in Hong Kong to raise as much as $300 million, according to media reports. The firm is expected to benefit from a new policy that allows Chinese parents to have a second child if one of the parent is a single child. AAB plans

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Beijing-based tech growth capital investment firm WestSummit Capital says that it has raised $325 million across two funds from several large institutional investors in Europe, North America and Asia, according to a company announcement. One fund is a $225 million WestSummit Fund II that focuses primarily on investments in tech companies in North America and

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Hong Kong-based private equity firm Boyu Capital has completed fundraising for its second fund, raising a total of $1.5 billion, according to media reports. The firm’s first fund of $1 billion closed in 2011 with backings from investors including Singapore’s sovereign wealth fund Temasek Holdings, and Hong Kong tycoon, Li Ka-shing. Since its establishment in

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Xiamen-based female health mobile application Meet You has raised $15 million series B funding, according to Chinese media reports. Matrix Partners led the round. Existing investor K2 Ventures, Meet You’s founder Chen Fangyi and his team, also participated. Meet You previously received several million U.S. dollars series A funding from K2 Ventures. The company says

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London-based private equity firm CVC Capital Partners has agreed to invest over $200 million into Beijing-based Chinese education firm EIC Group Ltd., according to media reports. CVC Capital plans to acquire EIC shares from its founder Joe Li and existing investor Actis Capital. The valuation of the deal is not disclosed. After the transaction is

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Beijing-based Android mobile app distribution platform Wandoujia has raised $120 million in series B funding, according to Chinese media reports. SoftBank Corp. led the round. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated. Wandoujia, which means pea pod in Chinese, previously received seed funding from Innovation Works in 2010. It also received

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Singapore-based Oversea-Chinese Banking Corporation Limited (OCBC Bank) says that it has launched a $100 million private equity fund in Shanghai, according to a company announcement. The fund, named OCBC Capital (Shanghai) Equity Investment Fund, L.P., is set up under the Qualified Foreign Limited Partner (QFLP) program in Shanghai. The fund allows OCBC Bank to convert

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Hong Kong-listed Fosun International says that it will acquire an 80% stake in Caixa Seguros e Saúde (CSS), the insurance unit of Portuguese state bank Caixa Geral de Depositos S.A.,for €1 billion ($1.36 billion), according to a company announcement. Fosun outbid competing buyer, U.S. private equity firm Apollo Management International. “The acquisition is another good

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Beijing-based online animations and comics producer Peking Joyworks Culture & Media has raised “tens of millions RMB” in series A funding led by Milestone Capital, according to Chinese media reports. The specific investment amount was not disclosed. The company says it will use the proceeds on product innovation, editorial team expansion and distribution channels improvement.

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