Stephanie Li

Melbourne-headquartered asset manager Boman Group expects its newly launched $1-billion fund to hit its first close by mid-2025, its CEO Eric Gao told DealStreetAsia in an interview.

GCL Perovskite, the perovskite solar cells production unit under privately-owned Chinese power firm GCL Holdings, has secured 500 million yuan ($69

SAIC Anji Logistics, the wholly-owned automotive logistics arm under state-owned automaker SAIC Motor, has roped in two new state-affiliated investors, snapping 2 billion yuan ($275.7 million) in investment.

Six megadeals contributed to 75.5% of the capital secured in the month.

Chinese state-owned automaker BAIC Motor and South Korean Hyundai Motor have agreed to invest around $1.1 billion into their joint venture (JV), which

Private equity firm I Squared Capital has started due diligence on Hong Kong-listed HKBN, while Shanghai-listed Beijing Tongyizhong may buy a 75.8% stake in X-Fiper New Materials for over $33 million.

Chinese medical device firm VFLO Medical has secured $80 million in a Series B funding round, roping in its existing shareholder US-domiciled fund

Alibaba Entrepreneurs Fund (AEF), a Hong Kong-headquartered not-for-profit initiative launched by Chinese tech juggernaut Alibaba Group, has launched a maiden fund targeting Artificial Intelligence (AI) application opportunities.

Beijing-based Zhipu AI, one of China's top large language model (LLM) startups, has pocketed 3 billion yuan ($411.8 million) in its latest funding

Asia's first-time fund managers have been suffering from the coldest fundraising climate ever since 2008, as investors apply a cautionary approach amid an uncertain macro environment and liquidity crunch.