Investment & Financing

China's Leading Online After School Education Start-up Zuoyebang Raises Over US$1.6 Billion in Series E+ Financing

2021-01-06 15:29 1293

BEIJING, Jan. 6, 2021 /PRNewswire/ -- Zuoyebang, China's leading online after school education start-up, has raised overUS$1.6 Billion in its Series E+ financing from investors including Alibaba, Tiger Global, Softbank Vision Fund, Sequoia Capital China, Fountainvest Partners and Ontario Teachers...

Ascend purchases Eurostar Engineering Plastics

2021-01-05 22:00 1162

Acquisition will expand Ascend's flame-retardant portfolio and European footprint HOUSTON, Jan. 5, 2021 /PRNewswire/ -- Ascend Performance Materials has purchased Eurostar Engineering Plastics, aFrance-based compounder with a broad portfolio of flame-retardant engineered plastics and expertise i...

iQIYI's VR Startup Completes Series B Funding Round to Drive Innovation and Expand Content Ecosystem

2021-01-05 21:53 6162

BEIJING, Jan. 5, 2021 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service inChina, today announced that it has recently completed a multi-hundred million RMB Series B funding round for its virtual reality (VR) division iQIY...

Planet Green Holdings Corp. Enters Into Share Exchange Agreement and Closes Acquisition Transaction

2021-01-05 21:45 8520

GAITHERSBURG, Md., Jan. 5, 2021 /PRNewswire/ -- Planet Green Holdings Corp. (the "Company") (NYSE American: PLAG) announced today that onJanuary 4, 2021, the Company has entered into a Share Exchange Agreement with Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. ("Target") and each shar...

Huami Enters in Definitive Agreement to Acquire a Minority Stake in Jiangsu Yitong High-Tech Co., Ltd. to expand the healthcare ecosystem for Chinese market

2021-01-05 20:05 8697

BEIJING, Jan. 5, 2021 /PRNewswire/ -- Huami Corp. (NYSE: HMI) today announced that it has entered into an agreement to acquired 29.99% of the outstanding shares of Jiangsu Yitong Hi-Tech Co., Ltd., (Shenzhen: 300211) for an aggregate consideration ofRMB959.68 million (US$147.08 million) in cash. ...

ReneSola Power and Eiffel Investment Group Announce MOU for Joint Venture to Fund Solar Development in Europe

2021-01-05 19:00 5091

STAMFORD, Conn., Jan. 5, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it signed a Memorandum of Understanding (MOU) with Eiffel In...

White Ops Announces Acquisition by Goldman Sachs Merchant Banking, ClearSky Security, and NightDragon

2021-01-05 10:43 1492

SINGAPORE, Jan. 5, 2021 /PRNewswire/ -- White Ops  ("White Ops" or the "Company"), a global leader in protecting enterprises and internet platforms from digital fraud and abuse, today announced its acquisition by Goldman Sachs Merchant Banking Division, in partnership w...

China Liberal Education Holdings Limited Enters into Non-Binding Letter of Intent to Acquire Wanzhong (Hong Kong) Education Investment Management Co., Ltd

2021-01-04 22:25 9771

BEIJING, Jan. 4, 2021 /PRNewswire/ -- China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal", or the "Company", or "we"), an educational services provider inChina, today announced that the Company has entered into a non-binding letter of intent (the "LOI") to acquire Wanzhong (H...

Regent Pacific Announces Key Progresses On FORTACIN(TM) / SENSTEND(TM) - Solution to Premature Ejaculation

2021-01-04 21:30 11197

CHINA * Regent Pacific received US$0.72 million (approximately HK$5.62 million, (net of 10% PRC withholding tax) from Wanbang Pharmaceutical on29 December 2020 * The Clinical Trial Approval ("CTA") will be obtained from the Center of Drug Evaluation by the end ofQ1 2021 * Regent Pacific to ...

General-purpose Robotics Company Flexiv Closes Series B Funding of Over 100M USD

2020-12-31 22:15 2007

SANTA CLARA, Calif., Dec. 31, 2020 /PRNewswire/ -- World-leading general-purpose robotics company Flexiv Ltd. has closed an over100m USD Series B round with major investors including Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures and Plug and Play, mark...

Tarena Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

2020-12-30 18:00 11201

BEIJING, Dec. 30, 2020 /PRNewswire/ -- Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company"), a leading provider of professional education and K-12 education services inChina, today announced that the special committee (the "Special Committee") of the Company's board of directors ...

LESS_ continues to grow and prepares for the next round of financing

2020-12-30 02:33 2445

WROCŁAW, Poland, Dec. 30, 2020 /PRNewswire/ -- 700,000 users across the world have joined theLESS _, an internet platform for selling second-hand clothes and accessories that operates fromPoland. The app was launched inJune 2019 and six months later it obtained EUR 4 million in...

Global Infrastructure Partners Announces Acquisition Of MAP® Energy's Renewable Energy Business

2020-12-30 00:28 1918

NEW YORK, Dec. 30, 2020 /PRNewswire/ -- Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP's fourth flagship fund, GIP IV, will acquire 100% of the MAP...

CLPS Incorporation Acquires Remaining Ownership Stake of Ridik to Further Advance Global Footprint

2020-12-29 21:00 11641

HONG KONG, Dec. 29, 2020 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that, through its indirectly wholly owned subsidiary, CLPS Technology (Singapore) Pte. Ltd., it has acquired the remaining 20% ownership stake in Ridik Pte. Ltd. ("Ridik"), aSinga...

SINA to Deliver Authorization Notice to Shareholders Validly Objecting to the Merger

2020-12-29 05:47 11710

BEIJING, Dec. 28, 2020 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company servingChina and the global Chinese communities, will deliver authorization notice as required by the Companies Act of theCayman Islands (the "Companies Act") to all th...

TTC and UsableNet Announce Organizational Partnership

2020-12-28 20:00 1809

SYDNEY, Dec. 28, 2020 /PRNewswire/ -- TTC and UsableNet have announced a new organizational partnership to expand digital accessibility services in the AU and NZ regions, combining UsableNet's award-winning accessibility solutions and technology with TTC's leading software assurance and digital t...

Yeahka Acquires Additional 42.5% Equity Interest in Chuangxinzhong to Maximize Synergies in its Precision Marketing Services

2020-12-25 11:05 17494

HONG KONG, Dec. 25, 2020 /PRNewswire/ -- YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), a leading technology platform inChina, today announced that it has agreed to acquire an additional 42.5% stake in Beijing Chuangxinzhong Technology Co., Ltd. ("Chuangxinzhong") forRMB170 mill...

CEVA Logistics continues African expansion with joint ventures in Egypt and Ethiopia

2020-12-24 11:23 1992

* CEVA Logistics takes majority stake in IBA Freight Services in Egypt, cementing its long-standing relationship with northAfrica * CEVA Logistics acquires minority stake in MACCFA in Ethiopia further strengthening its east African presence * Strategic expansion plan gathers momentum MARSEIL...

SINA Announces Shareholders' Approval of Merger Agreement

2020-12-24 06:06 15836

BEIJING, Dec. 23, 2020 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company servingChina and the global Chinese communities, today announced at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in fav...

Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources

2020-12-24 05:41 2184

DUBAI, United Arab Emirates, Dec. 24, 2020 /PRNewswire/ -- Dongshan Investments Limited ("Dongshan") has today announced its intention to make an off-market takeover offer ofA$1.20 per share ("Offer") to acquire all of the ordinary shares in Cardinal Resources Limited ACN 147 325 620 ("Cardinal")...

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