Capital raised blows past initial target of $1.5 billion on strong investor interest in technology-linked assets such as logistics and data centers

Deal worth $245 million brokered by authorities ends month-long battle between China’s two biggest automakers as Lu Zhenyao’s empire teeters

The initial portfolio consists of logistics facilities worth about $600 million

Lu Zhengyao’s Ucar could raise up to $145 million by selling down its stock in Car Inc., whose largest shareholder could soon become U.S. private equity giant Warburg Pincus

Firm provides services, products to booming extracurricular training sector

Funding round led by Tencent leaves online education provider flush with cash

Chinese company valued at 20 billion yuan as investors bank on home rental sector amid supportive moves by government