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Beijing-based Chinese fashion website Yoka says that the company has received $15 million series C funding led by Baidu, according to a company announcement. Existing investors Hearst Corporation, Matrix Partners, IDG Capital and new investor Fidelity Growth Partners also participated. Tang Hesong, vice president of Baidu, will join the board of Yoka. Yoka received series
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Merry Christmas everyone! This is one of my favorite “holidays.” I put that in quotes because I always work on the 25th, so it is technically not a holiday for me. However, I love it when things slow down and I can catch up on all the work that has piled up over the past weeks heading into the end of the year. I’ve spent a good chunk of…
China’s mergers & acquisitions (M&A) activity sets a new record this year with deal value hitting $261.9 billion, surpassing last year’s record of $210.6 billion by a whopping 24.4%, according to data released by Thomson Reuters. The M&A deal value is based on announced transactions. Completed M&A tallied $149 billion year-to-date, 0.5% below last year’s
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IPOs issued by China-domiciled companies raised a total of $14.8 billion this year globally, down 43.6% from last year, the lowest since 2004 when proceeds fell to $13 billion, according to the latest data released by Thomson Reuters. But when including follow-on deals when companies raise capital by issuing additional stocks after its initial public
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Hanfeng Evergreen Inc. says at this time it is unable to quantify the estimated economic hit it will take from the loss of its biggest customer. Hanfeng, a provider of value-add fertilizers in China and Indonesia, says has received a notice from Beidahuang Agricultural Company announcing BAC’s decision to cease purchasing products from the Hanfeng
More than two years after it was originally announced, Lenovo Group has officially opened its wireless-focused research and development facility in Wuhan. Lenovo opened the state-of-the-art research, development, sales operations and production facility for smartphone and tablet products last week. The 200,000 square-meter facility has production lines, as well as sales operations and an R&D
Electric vehicle designer and maker Tesla has launched its Chinese official website. Via this Chinese official website, consumers can apply for test drives. They can also order Tesla’s products like Model S and Model X, with CNY250,000 down payments. However, the retail prices for these products have not yet been released. Prior to this launch,
Lenovo Group is aiming at growth in central China with a new research and development base in Wuhan. Lenovo opened the state-of-the-art research, development, sales operations and production facility for smartphone and tablet products last week. The 200,000 square-meter facility has production lines, as well as sales operations and an R&D center that expands Lenovo’s
Shanghai-based Chinese rental car company eHi Auto Services says that it has received over $100 million investment led by Ctrip.com International, a NASDAQ-listed Chinese online travel services firm, according to a company announcement. eHi’s existing investors also participated, though the identity and specifics of the investments were not disclosed. After the transaction, Ctrip will become
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