Two firms owned by Li Ka-shing would be selling holdings in Extreme Selection, the firm that owns the company developing a real estate project in Lujiazui's financial district.
Sectors
Dutch life insurers to comply with Solvency II rules
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
Power Capital Holdings announces new global equity firm
Power Capital Holdings launches Power Capital Partners LLC. Power Capital Holdings recently announced the launch of an equity firm specifically focused on the power sector.
Applift receives investment funds from Prime Ventures
Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
KKR approves acquisition of Avoca Capital
New York-based private equity company KKR agreed to buy Avoca Capital for an undisclosed amount. Private equity firm KKR & Co has approved the deal to purchase Avoca Capital.
Latest News
BBC Wordlwide would reintroduce its BBC Earth and BBC First offerings starting 2014. Today, The British Broadcasting Corporation (BBC) Worldwide had disclosed its plans to relaunch some of its existing offerings.
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Schindler Holding's value rose to its highest share price after two years due to the company's news of its share repurchase plans
The European Union and Canada had agreed on a trade pact worth billions of dollar last Friday that would integrate two of the world's largest economies.
According to sources familiar with the matter, any deal that Chinese computer maker Lenovo would push through with BlackBerry would cause regulatory hurdles.
Blackstone Group's Vivint Inc raised USD 540 million to build home power systems. Provo, Utah-based Vivint Inc received USD 540 million to construct home power systems.
Sutter Hill Ventures invested USD 3 million in the seed funding round of Boxer. Mobile inbox developer Boxer received a seed round investment of USD 3 million from Sutter Hill Ventures.
A total of USD50 million in investment funding was received by mobile game developer Chukong Technologies from backers including GGV capital and Sequoia Capital.
