Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
China-focused PE firm Blue Ocean Capital has exited US-listed China Cord Blood Corporation (CCBC), by selling its beneficial interest in the blood bank operator to a fund sponsored by Chinese conglomerate Sanpower Group.
A new generation of Chinese technology companies – conscious of the need to stay competitive – are becoming more active M&A players as they choose to buy rather than build their way into multiple verticals
Singapore’s Temasek Holdings has jointly led a $78.2 million Series C round for Tongdun Technology, a China-based third-party risk control services provider, in conjunction with Cinda Sinorock and Tiantu Capital.
Shanghai-listed clothing company Heilan Home has agreed to acquire a 44% stake in China babywear company Yeehoo Apparel, which is controlled by Lunar Capital, for RMB660 million ($99.6 million).
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
Hong Kong-based delivery start-up Lalamove - also known as Huolala in mainland China - has completed a $100 million Series C round of funding led by Chinese VC firm Shunwei Capital.
Following the issuance of regulatory guidance, the aggression and opportunism that once characterized corporate China’s approach to overseas M&A will be replaced by moderation and consideration
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
Deliveree, a Southeast Asia-focused last-mile logistics marketplace, has raised a $14.5 million Series A round of funding led by Gobi Partners.
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has closed its latest Southeast Asia and India fund at $210 million, exceeding the $150 million target.
A start-up aiming to improve Chinese children's access to sports training receives the backing of sport-focused GP Yao Capital
Cathay Securities Investment Trust, Taiwan’s largest asset management business, is set to become the first local fund house to establish its own private equity unit.
Hartley Rogers, chairman of Hamilton Lane, discusses how the global fundraising boom reflects a larger private equity investment opportunity and why LPs are honing their approaches to the asset class
Chinese wealth management firm Noah Holdings has agreed to repurchase Sequoia Capital China’s stake in its asset management unit – Gopher Asset Management - following difficulty in winning approval for the investment.
Qingting FM, a Chinese online radio platform, has raised a RMB1 billion ($150 million) round of funding jointly led by We Capital – the VC arm of Chinese ticket booking site Beijing Weiying Times Technology – and Baidu.
China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
Hony Capital has committed RMB1.8 billion ($271 million) to COFCO Capital Investment, a subsidiary of Chinese state-backed COFCO Group. It is the largest participant in a RMB6.9 billion mixed ownership reform deal.
Ardian has raised large amounts of capital on the basis of a big-ticket secondaries strategy. Jan Philipp Schmitz, a managing director with the firm, discusses where investor demand is heading
Yao Capital has led a RMB500 million ($75 million) round of funding for Doing Now, a privately-held Chinese sports school for children.
Qiming Venture Partners has led a $54 million pre-Series A round for JingChi, a Chinese self-driving technology company, with participation from US-based strategic investor Nvidia GPU Ventures.
China Renaissance Group has appointed Ke Wei, formerly a managing director at General Atlantic (GA), as a partner in its private equity investment platform, known as the New Economy Fund.
Chinese ride-hailing app operator Didi Chuxing has invested $200 million in Renrenche, a local consumer-to-consumer used-car trading platform, which is backed by several VC investors.
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).