Analysis
The move follows a similar promise from food delivery firm Meituan.
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Venture Capital
The round was led by Dinghui Baifu, the deeptech-focused investment arm of China’s CDH Investments.
IPOs & Markets
The IPO of Jingdong Industrials fell short of its initial target of $500 million.
The funding comes months after AstraZeneca formed a strategic collaboration with Syneron Bio in March.
Deals
Qiming Venture Partners joined as a new investor.
IDG Capital and SongQing Capital participated in the funding round.
CLI will seed the vehicle by selling CapitaMall Xinduxin shopping mall.
The Singapore-listed REIT agreed to sell the Festival Walk Tower to an undisclosed buyer.
Earnings and Results
Alternative investments accounted for 48.49% of CIC’s overseas portfolio as of the end of last year.
Private Equity
The state fund is looking to sell the assets via a secondaries transaction.
