China-based JD.com has invested $397 million in UK-based Farfetch, a PE-backed online luxury fashion retailer, as part of a new strategic partnership to pursue growth in China.
CITIC Capital Partners has closed the US dollar-denominated portion of its latest China fund at the hard cap of $1.57 billion after about one year in the market. The renminbi tranche is still being raised, with a target of RMB3 billion ($439 million).
Chinese mobile dating app Tantan has raised $70 million in a Series D round of funding led by US-listed live video streaming firm YY and Genesis Capital, with participation from SAIF Partners China and Zhongwei Capital.
KKR co-founders Henry Kravis and George Roberts and Fosun International have joined a $22.8 million Series C round for Seven Dreamers, which will use the capital to accelerate production of its Laundroid
CLSA Capital Partners (CLSA CP) has invested an undisclosed sum in El Dorado Group, a beauty contact lenses manufacturer based in Japan and Hong Kong.
Bigger, a Beijing-based co-working space operator established by Hong Kong-listed property developer Modern Land, has completed a $18 million Series A round led by an investment unit of real estate company Hongfu Group.
Intudo has raised $10 million for a venture capital fund that will bring fast-growing start-ups from Silicon Valley and China to Southeast Asia
CITIC Capital Partners and FountainVest Partners plan to exit their entire stakes in Focus Media - the Chinese outdoor advertising business they helped take private in the US and then re-list in Shenzhen two years ago - within six months.
Japanese GP Nippon Mirai Capital has agreed to sell its entire 51% stake in Takasago Machinery, an electronic equipment manufacturer, to its previous owner NEC Corporation for an undisclosed sum.
BeauCare Clinics, a Chinese plastic surgery clinic chain, has raised RMB200 million ($29 million) in a Series B round of funding led by GP Capital.
Chinese second-hand car online auction platform Mychebao, which is backed by several PE investors including PAG Asia Capital, has raised another RMB500 million ($74 million) in an extended Series C round of funding.
Chinese smart bike rental services start-up Mobike has raised a $600 million Series E round of funding led by existing investor Tencent Holdings. It is said to be the largest ever financing round in the bike-sharing industry globally.
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has completed a $400 million Series B round led by existing investor Sequoia Capital China.
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PingCap, a Beijing-based start-up that provides database solutions for enterprise customers, has secured a $15 million Series B round led by China Growth Capital.
China’s National Council for Social Security Fund (NSSF), the largest pension fund in the country, saw its investment return decline to 1.73% in 2016 from 15.19% the previous year, largely due to losses on fixed income products.
Intudo Ventures, a newly-formed Indonesia-focused VC firm, has raised $10 million for its debut fund that will co-found and invest in early-stage companies.
Tencent Holdings has re-upped in Futu Securities International, leading a $145.5 million Series C round for the Hong Kong-registered cross-border stock trading platform.
China-based cloud computing platform QingCloud, which is backed by several VC investors, has raised a new round of renminbi-denominated funding worth RMB1.08 billion ($160 million).
Qiming US Healthcare Fund, a sector specialist vehicle launched by China’s Qiming Venture Partners, has led a $10 million Series A round for Platelet BioGenesis, a Harvard University spin-out that builds human platelets from stem cells.
Farm Friend, a Beijing-based agricultural drone services platform, has raised a RMB50 million ($7 million) Series A round led by Gobi Partners.
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Chinese investment group Fortune Fountain Capital has agreed to buy a controlling stake in French luxury crystal maker Baccarat from Starwood Capital and L Catterton Partners, in a deal worth EUR164 million ($184 million).
Wuxi Huayun Data Technology Service, a Chinese cloud computing infrastructure provider, has raised RMB1.5 billion ($220 million) in a pre-IPO round from a group of domestic investors.