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Forbes Is Acquired by Chinese Tycoons with RMB475M

Recently, Hong Kong merchant Yam Tak Cheung and Wayne Hsieh, former Founder of Taiwan ASUSTeK Computer, bought Forbes Media that owns nearly a century-old history and Forbes Magazine that ranks global wealthy persons every year.

Line Files IPO Application in Japan with US$9.8B Valuation

It was reported by Business Week that according to sources of insiders, the most popular Japanese mobile message service operators Line has already filed the application for initial public offering (IPO) to Tokyo Stock Exchange. Line, which is held by Korean company Naver, planned to employ Nomur...

Cogobuy Will Be Listed in Hong Kong on July 18

According to a source on the evening of July 7, IC chip B2B e-commerce platform Cogobuy submitted the application for initial public offering (IPO) to HKEx on July 8 (stock code: 00400). The IPO pricing ranges between HK$3.2 and HK$4.48 per share. The maximum fundraising amount will be US$1.54B.

Tencent Purchases 19.9% Shares of 58.com with US$736M

58.com and Tencent jointly declared that Tencent will purchase 19.9% equity of 58.com with US$736M. According to information from Weibo of Yao Jinbo, CEO of 58.com, it took ten days from negotiation kickoff to the completion of the purchase deal.

Zero2IPO Data

Jun. 2014 Sees US$4.20B Raised by VC/PEs and Mor..

According to the statistics of Zero2IPO Database, there were 34 new funds raised by Chinese and foreign VC and PE firms in June 2014. 33 of them that disclosed amounts indicated that the amount of capital available for investments in Chinese mainland increased by US$4.20B, down 1.1% month-on-mont...

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