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China Digest: SoftBank Ventures Asia backs Mabang; Refinable launches $150k fund

Returning investor Raycloud re-upped in the current fundraising round of Mabang. ....

Hong Kong , Mabang Software , Softbank Ventures Asia , Meridian Capital China , China Based Binance , ஹாங் காங் , சாப்ட் பேங்க் , சாப்ட் பேங்க் முயற்சிகள் ஆசியா , மெரிடியன் மூலதனம் சீனா ,

China Digest: Nourse bags over $30m; KIP backs MaxHealth Biotechnology

China Digest: Nourse bags over $30m; KIP backs MaxHealth Biotechnology
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

South Korea , Dexiang Chen , Chengdu Maxhealth Biotechnology , Vertex Ventures China , Hony Capital , Meridian Capital China , Tencent Investment , Cathay Capital , Korea Investment Partners , Hillhouse Capital , Sherpa Healthcare Partners , தெற்கு கொரியா , வெர்டெக்ஸ் முயற்சிகள் சீனா , ஹோணி மூலதனம் , மெரிடியன் மூலதனம் சீனா , கேத்தே மூலதனம் , கொரியா முதலீடு கூட்டாளர்கள் , ஹில்ஹவுஸ் மூலதனம் , ஷெர்பா சுகாதாரம் கூட்டாளர்கள் ,

China's Meridian Capital closes its sixth RMB fund at $329m

China’s Meridian Capital closes its sixth RMB fund at $329m
Beijing, China. Source: Li Yang/Unsplash
May 21, 2021
Meridian Capital China, a leading TMT-focused venture capital firm, has completed fundraising for its sixth yuan fund at an aggregate of 2.12 billion yuan ($329 million), per its announcement on May 20.
The vehicle received capital commitments from state-owned development funds, local government-led industry funds, funds of funds, insurance groups and conglomerates.
In the statement, Meridian Capital said it expects to secure over 3.3 billion yuan ($513 million) for its new funds launched in 2021, including a closed angel fund and a soon-to-be-closed industry fund.
Going forward, Meridian Capital will continue to bet big on new consumption and technology sectors. ....

Golden Union , Deepblue Technology , Oriza Holdings , Shanghai United Media Group , Tian Ge Interactive Holdings , Meridian Capital China , Meridian Capital , Hong Kong Listed Chinese , Golden Union Commercial , Gopher Asset Management , தங்கம் தொழிற்சங்கம் , ஷாங்காய் ஒன்றுபட்டது மீடியா குழு , டியாந் கே ஊடாடும் ஹோல்டிங்ஸ் , மெரிடியன் மூலதனம் சீனா , மெரிடியன் மூலதனம் , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது சீன , கோபேர் சொத்து மேலாண்மை ,

China's consumers find appetite for low-cal foods

Low-calorie meal-replacement products are emerging as big business in China as consumers demand products to help control weight and that also satisfy and offer high-quality nutrition.
Sales of meal replacements in China are forecast to reach 120 billion yuan ($18.4 billion) by 2022, according to market research company Euromonitor International. That’s up from 57.17 billion yuan ($8.8 billion) in 2017.
Most buyers of the products are women, reports China Daily, which quotes an investment manager with Meridian Capital China, Fu Yazhang, as saying many companies selling the products had made good profits in recent years, but this year has seen a boom in sales.
“It can be explained by the pandemic when more people felt they became fatter staying at home, and began to care more about health, Fu said. And he added that the average annual growth of the meal-replacement market was 16% between 2017 and 2020. ....

George Ren , Pan Danfeng , Fu Yazhang , Jiang Xinwei , Euromonitor International , China Daily , Meridian Capital China , Roland Berger China , Guangzhou First People , Guangzhou Daily , ஜார்ஜ் ரென் , சீனா தினசரி , மெரிடியன் மூலதனம் சீனா , ரோலண்ட் பெர்கர் சீனா , குவாங்சோ முதல் மக்கள் , குவாங்சோ தினசரி ,