Alibaba Reportedly Nears Sale of Lingxi Games to Trustar Capital for Over $1.5 Billion Amid Strategic Restructuring

Alibaba Group Holding Ltd., the Chinese e-commerce and technology giant, is reportedly nearing a definitive agreement to divest its gaming unit, Lingxi Games, to the private-equity firm Trustar Capital in…

PaXini Secures RMB 1 Billion Strategic Funding Round, Propelling Cumulative Capital to RMB 3.5 Billion for Advanced Tactile Sensing Technology.

PaXini, a leading innovator in tactile-sensing chip technology, announced on August 3 the successful completion of a RMB 1 billion (approximately $138 million USD) strategic funding round. This latest infusion…

Mainland Investors Flock to Hong Kong to Circumvent China’s Tightening Capital Controls

Mainland investors are increasingly seeking refuge in Hong Kong’s more liberal financial environment to circumvent Beijing’s escalating restrictions on capital outflows, a trend highlighted by individuals like Feng, a private…