Shunwei Capital has led a $100 million Series D round of funding for Kujiale, a Chinese home design and decoration site, with participation from Temasek Holdings-owned Pavilion Capital.
Existing investors IDG Capital, GGV Capital, Yunqi Capital, Hearst Ventures, and Linear Venture also took part, according to a statement. The company now has a post-money valuation of $600 million. Launched...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.