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.
This is Temasek's first investment in a Chinese financial technology company, Tongdun said in a statement. Existing backer Advantech Capital also participated in this round. Hangzhou-based Tongdun,...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.