The good old days are gone for bulge bracket banks in Asia. For the past ten years, its investment banking revenue in Asia Pacific ex Japan remained at roughly the same level, while its market share halved from 40% in 2006 to 21% year-to-date 2016, according to data released by Dealogic. (This chart is from […]
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Chinese Internet search engine giant Baidu Inc. has decided to end a food-delivering drone project to focus on artificial intelligence, according to remarks made by a company executive in Beijing reported by Chinese media. Lin Yuanqing, senior director at Baidu's Deep Learning Laboratory, said during the China Artificial Intelligence Conference last week that Baidu plans […]
Chinese precision cloud radiotherapy start-up Beijing Allcure Medical Technology has raised a RMB180 million (US$27 million) series A funding round from two RMB investment funds, Zhengheci Capital and Lian Fund, Chinese media reported. Founded by Cheng Zhen, founder of New York Stock Exchange-listed Chinese radiotherapy and diagnostic imaging equipment leasing firm Concord Medical Services Holdings, […]
Ocean Link, a private equity firm founded by former Carlyle Group executive Tony Jiang and hotel veteran Alex Zheng, says it has established a strategic partnershp with Ctrip and global growth equity firm General Atlantic, says a company announcement. Ctrip and General Atlantic both have the right to appoint a director to the board of […]
A total of 63 investments with aggregate deal value of RMB11 billion in the sports sector were recorded during the first half this year, up nearly 300% in terms of deal value compared to the RMB3.6 billion registered for the whole year of 2015, according to data from ChinaVenture. There were 144 investment transactions in […]