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Fosun CEO Liang Xinjun Steps Down in a Surprise Reshuffle

CEO of Fosun Liang Xinjun announced to resign from the management and the board of Fosun due to health reason in a letter to all the staff at 23 pm, March 28. Meanwhile, MD and SVP Ding Guoqi also resigned. Kai Fu Lee, as independent director, has signed a three-year contract with Fosun with annual salary of HK$550 thousand.

Top100 Internet Finance Companies Record Total Valuation of RMB1.1 Trillion

The Chinese Internet Finance Enterprises Evaluation Ranking was updated.

Tencent Acquires Finnish Mobile Game Developer Supercell with US$8.6B

According to a source from PEdata on June 21, Tencent finally determined the acquisition of Finnish mobile game developer Supercell. At about 18:00, June 21, Tencent officially announced its decision of acquiring an 84.3% stake of the latter, with the payment in three phases and the total transac...

Huang Guangyu Gets Another Remission of 11 Months

On May 31, Beijing Second Intermediate People's Court published a written criminal ruling to shorten Huang Guangyu’s fixed-term imprisonment by 11 months to February 16, 2021. This indicates that Huang Guangyu who was former founder of Gome Electrical Appliances (00493, HK) and imprisoned in 200...

Zero2IPO Insights

CSRC Offers Guidance for Pilot Project of Innova..

Innovation and entrepreneurship bonds refer to the corporate bonds issued by qualified innovative and entrepreneurial companies and venture capital companies in accordance with the Company Law, the Securities Law, the Measures for the Administration of the Issuance and Trading of Corporate Bonds ...

Zero2IPO Data

Zero2IPO Data: August VC/PE Market Investment Co..

According to pedata.cn under Zero2IPO Group, there were 388 investment deals in the August VC/PE market, down 11.4% on both the YoY and MoM basis; total investment value amounted to RMB52.23B, down 13.3% YoY and 49.3% MoM. This month saw 12 large deals each valued over RMB1.00B, down 33.3% from t...

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