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Fosun Pharmaceutical Invests USD 65 Mln Stake in Online Health Firm Guahao

Fosun, 11/30/15

Shanghai-based pharmaceuticals maker, distributor, and retailer Fosun Pharma (600196.SH; 2196.HK) has announced that its wholly-owned subsidiary Regal Gesture plans to acquire 39.66 mln shares of preferred stock in the Hangzhou-based operator of online hospital appointment-booking website Guahao for USD 65 mln, representing a 9.73% stake. Read More

Online Medical Platform Guahao Raises USD 394 Mln in New Funding

Sina Tech, 9/24/15

Guahao.com Limited, operator of Chinese online and mobile hospital appointment-booking platform Guahao, recently announced that it has completed USD 394 mln in new funding led by Beijing-based private equity fund Hillhouse Capital Management and Goldman Sachs. Read More

China Approves Alibaba, Tencent Banking Trials

iResearch, 3/11/14

Shang Fulin, Chairman of the China Banking Regulatory Commission (CBRC), recently revealed that China's State Council has given its nod of approval for the establishment of 5 private bank pilot programs. Read More

Social Media Marketing Firm Kongming Lands USD 8-Digit Funding

TechWeb, 2/19/14

Beijing-based social media marketing solutions provider Kongming has confirmed the receipt of a USD 8-digit new round of funding from a consortium of investors led by Fosun International's (0656.HK) Modern Property Capital Limited, with participation from previous investor Fidelity Growth Partners Asia. Read More

Mobile Gaming Portal Joyme Lands RMB 130 Mln Funding

Tencent Tech, 2/11/14

Beijing-based online entertainment company Lexiang Fangdeng (EnjoyFound), operator Joyme.com, a web-based vertical portal focused on mobile gaming, has announced the completion of RMB 130 mln in new funding. Read More

Linekong Lands USD 80 Mln Series C Funding

Sina Tech, 1/20/14

Chinese game developer and operator Linekong has announced that it has received USD 80 mln in third-round funding from a consortium of investment firms including Fosun International (0656.HK), Orchid Asia Group Management, and SAIF Partners. Read More

Alibaba Leads "China Smart Logistics Network" Initiative

Sina Tech, 1/24/13

Chinese e-commerce conglomerate Alibaba Group held a closed-door meeting with industry enterprises and capital and finance organizations on January 23. Read More

Alibaba Denies Taobao Loans, Alipay Merchant Fees Linked

Sina Tech, 10/24/11

At an Alibaba Cloud Computing ("AliCloud") developers' meeting on October 24, Alibaba Group VP Simon Hu denied recent rumors that the funds backing Alibaba B2C and C2C subsidiary Taobao's small business loans were connected to the Alipay merchant consumer protection deposit fees. Read More

Rumor: Yahoo Rejected USD 3.5 Bln Offer for 15% of Alibaba Group

Sina Tech, 5/26/11

Yahoo reportedly refused a USD 3.5 bln offer for a 15% stake in Alibaba Group from a group of investors led by Alibaba CEO Jack Ma in early 2011, two industry sources have told Forbes. Read More

Alibaba to Invest in Express Delivery Company

China Business News, 3/18/10

On March 29, Chinese B2B e-commerce company Alibaba.com (1688.HK) will sign an agreement to invest in Stars Express, a privately owned express delivery company. Read More