Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
The size of the deal was not disclosed. Daojia’s most recent third-party investment came in late 2014, when domestic online retailer JD.com and Macquarie Capital led a Series D round worth $50 million....
Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zhongheng.
Rahul Chandra, co-founder and managing director at India-based Helion Venture Partners, is looking to raise $100 million for an early-stage fund. He will retain his existing portfolio management responsibilities at Helion.
The disruption caused by technology in China's consumer and business services sectors - and the change this brings to traditional business models - is generating increased deal flow for private equity and venture capital investors.
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.