“Beijing-based Chinese restaurant chain Porridge Jiahe, backed by Sequoia Capital and Yunfeng Capital, is being acquired by Shenzhen Stock Exchange-listed Xi'an Catering Co., Ltd., according to a securities filing. Xi'an Catering, whose shares have halted trading because of the planned transaction
“Boston-based private equity firm Bain Capital is planning to seek US$2.5 billion to US$3 billion for its third Asia-focused fund, and will begin the fundraising process in the next few months, according to media reports. The investment vehicle will focus on China, Japan, India and Australia. Bain
“Chinese e-commerce giant Alibaba Group Holding Limited and Shanghai-based auto maker SAIC Motor Corp Limited plan to establish an Internet automobile fund with RMB1 billion (US$160 million) in capital to foster the development of Internet-connected cars, according to a company announcement. The t
“Shenzhen-based cosmetics surgery hospital chain Pengai Hospital Management Corporation, backed by several venture capital firms, has filed for a Hong Kong initial public offering, according to a securities filing. The size and pricing of the IPO have not been determined. The company will use the
“China's export increased 48.3% over a year earlier to US$169.2 billion in February, much higher than market consensus, according to data released by China's General Administration of Customs. Imports declined by 20.5% on a year-on-year basis in February to US$108.6 billion. This led to the record
“China's consumer price index (CPI) increased 1.4% year-on-year in February, up by 0.6 percentage points from the previous month, beating market consensus, according to data released by China's National Bureau of Statistics. Producer price index (PPI) was below market consensus, declining 4.8% yea
“China's new RMB loans reached RMB1.02 trillion in February, beating market expectations of RMB750 billion, according to data released by the People’s Bank of China. Outstanding RMB loan grew by 14.3% in February year-on-year. The aggregate social financing was RMB1.35 trillion, also beating mar
“TAIPEI, Taiwan--(BUSINESS WIRE)--After a very careful nomination and selection process, the first winners of the inaugural Tang Prize were announced over four days of announcements starting on June 18, 2014, one day for each of the prize’s four categories: Sustainable Development, Biopharmaceut
“TRADE NEWS: Agilent Technologies to Introduce Next-Generation UHPLC System at Analytica China on Sept. 23 By Syndicated Press Releases | September 12, 2014”