Sungy Mobile, a global provider of mobile internet products and services, has priced its initial public offering on NASDAQ at USD11.22 per American depositary shares (ADS).
China
China set to overtake Japan in this year's outbound M&A deals
China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.
Peugeot to replace chief executive for Dongfeng deal -sources
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
Peugeot looks into Dongfeng joint venture expansion
France's PSA Peugeot Citroen is looking into various ways of expanding its partnership with Chinese state-run car manufacturer Dongfeng Motor Corporation.
Lightspeed: Here is why we invested in BTCChina
We've been bullish about the opportunities in Bitcoin for a while and are excited to be able to announce that, together with our partners in China at Lightspeed China Partners, we are investors in BTC China.
Latest News
Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.
American asset management firm Oaktree Capital Group was reportedly among the cornerstone investors in China Cinda Asset Management Corp's initial public offering. China Cinda is expected to launch the Hong Kong listing on Monday.
With a high demand of patent agents and lawyers from mainland China, Hong Kong's quest to become the regional trading hub for intellectual property (IP), may soon be a reality as China remained the world's number one patent granter last year with 1.26 million approved applications.
China's Shandong Weigao Group Medical Polymer Co Ltd announced its intention to sell its entire 21.7% stake in medical device manufacturer Biosensors International Group Ltd for USD312.3 million.
A report from the UN Food and Agriculture Organization revealed that political will and farmer involvement are crucial for biotech research and innovation to succeed in reducing poverty in developing countries.
Chinese drug retailer Asia Health Century International, backed by private equity firm CVC Capital Partners Ltd, is planning a Hong Kong IPO of up to $300 million next month, the Wall Street Journal reported on Thursday.
China Cinda Asset Management Co. Ltd. is looking to raise USD2.45 billion in an initial public offering at the Hong Kong Stock Exchange. Cinda will sell 5.3 billion shares priced at HKD3.00 to HKD3.58 per share.
Online game developer Changyou.com Ltd. announced that it will buy a 62.5% stake in social communication software provider Raidcall for USD50 million. The majority equity interest in Raidcall is currently held by Kalends Inc.
China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.
