China Ping An Insurance has led a $75 million Series A round for Huya, the live game broadcasting subsidiary of Chinese social networking platform YY.
Banyan Capital, Engage Capital and Morningside Venture Capital also participated in the round, according to a statement, along with YY Chairman David Xueling Li and Huya CEO Rongjie Dong. While the size...
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.