THG Ventures, a venture capital arm affiliated with Tsinghua Holdings, has led a RMB150 million (US$23 million) series B round of financing in Tsinova, a Chinese smart bicycle start-up. "The so-called pedelec sector has been growing at 30% annually in Europe," says Chen Tengjiao, CEO of Tsinova. "We will accelerate investments in research and development […]
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Shareholders have approved Dalian Wanda Commercial Properties' planned go-private deal to de-list from the Hong Kong Stock Exchange, paving the way for Dalian Wanda Group's property unit to seek a domestic listing at a higher valuation, according to an announcement. The privatization deal, if completed, could be the largest such transaction this year. In May, […]
Shunwei Capital and Northern Light Venture Capital have co-led a RMB100 million (US$15 million) series B round in Shenma Jinrong, an e-commerce start-up focused on credit-driven consumption in China's rural areas. China Growth Capital and FreesFund also participated in the round. "How to provide credit to farmers has been a challenging issue," says Li Wei, […]