Investment will be Used for B5M Website Development, Marketing and Ongoing Innovation B5M, a next-generation social shopping search engine in China, today announced a $7.
Asia/Pacific
SMFG buys stake in China asset management firm -sources
Sumitomo Mitsui Financial Group will buy a 24 percent stake in a mid-sized Chinese asset management firm for around $125 million, two sources with direct knowledge of the matter said, a move that would be its first foray in China's wealth management market.
Chinese investors scramble for a bite of Apple
China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers - and even companies rumored to be suppliers.
Asia Private Equity Weekly News, April 23, 2012
News and developments in Asia private equity from Reuters News for the week ending April 20. News and developments in Asia private equity from Reuters News for the week ending April 20.
China Internet firms face venture capital funding squeeze
China's hot Internet sector is facing a problem it is unaccustomed to: a lack of money. China's hot Internet sector is facing a problem it is unaccustomed to: a lack of money.
