In another sign of how frothy the Chinese sports and film investment market has become, a Chinese company has acquired television rights for the English Premier League for a price ten times of the football club's previous rates. Chinese online TV and video content provider PPTV has agreed to broadcast the 380 matches each season […]
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Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc. revealed today that Fosun Group was the lead investor in a RMB3 billion (US$450 million) funding round previously announced in July. TAL Education Group, Matrix Partners, Chenshan Capital, China Merchants Wealth, and a few other investors who identities cannot be verified also participated in […]
Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, has moved to the final stage of its planned Hong Kong IPO, with roadshows scheduled for next week and official listings to follow. The newest reports indicate that Meitu will raise as much as US$800 million, according to […]
Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to […]