Asian Venture Capital Journal (AVCJ)
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.
Global PE firms are launching impact funds tailored to appeal to institutional investors that have so far largely ignored the space. There will be growing pains, but the benefits should be wide-ranging
Daniel D'Aniello, co-founder and chairman emeritus of The Carlyle Group, discusses the evolution of private equity
Having helped establish LinkedIn in China, Derek Shen left the company last year to join Danke Apartment, a local start-up pursuing what he sees as a huge unrealized opportunity in the long-term property rental market
Brand Capital, an investment arm of India’s The Times Group, has named Sam Subramaniam as its CEO.
Australia’s Future Fund plans to hire a chief technology officer (CTO), part of whose remit will be to work with the investment team to develop technology solutions that support investment decision-making.