Asia Pharmaceutical Group (Hainan) has received a 70 million RMB ($10 million) venture capital investment from Silicon Paradise Venture (Alliance Fund), which is based in Zhejiang Province. Founded in 1991, Asia Pharmaceutical Group comprises 16 subsidiaries that produce pharmaceuticals, medical devices and equipment, biotechnology and chemicals. Its best known product is Kuike, a leading brand of cold medicines. The company also has its own R&D operation. More details...