China's mobile-based taxi booking service Kuaidadi confirmed it recently received a USD100 million investment from Alibaba, and has acquired a Shanghai-based taxi booking app called Dahuangfeng.

Dianping's co-founder Edward Long recently revealed at the TechCrunch/Technode event in Shanghai that it rejected an acquisition offer of less than USD100 million from Google China.

Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.

Chinese firm CRED Real Estate bought New Zealand's Pepper's Carrington resort for an undisclosed amount.

According to two unidentified sources, China would be opening its Internet portals to Facebook and other websites in the free trade zone in Shanghai.

Huishang Bank, due to the lack of clarity in the Shanghai Stock exchange, is set to list its IPO in the Hong Kong bourse.

PICC to offer IPO in both Shanghai and Hong Kong bourses. The state controlled insurance firm PICC Property and Casualty Co Ltd announced last Monday that is preparing for a planned right issue of shares in both Shanghai and Hong Kong bourses.

Carlyle Group purchases Central Plaza for US$267 million from Forterra Trust. Private equity giant the Carlyle Group has announced the acquisition of the Central Plaza for US$267 million.

Private equity firm Carlyle Group is the new owner of Central Plaza, an office building in Shanghai, China, acquiring it for $267 million from Forterra Trust, a Singapore-listed real estate fund.

The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.