China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
Meet You, a Chinese social networking platform for women, has completed a new round of funding worth RMB1 billion ($151 million), having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
The Asset Management Association of China (AMAC) – an industry body set up by the securities regulator – has cancelled the registrations of more than 10,000 domestic private fund firms in the past six months as part of ongoing efforts to combat illegal...
The Chinese government is considering new policies that could ban VC firms from investing in A-share listed companies, a senior official from the China Securities Regulatory Commission (CSRC) told an industry conference.
Alibaba Pictures, the Chinese internet giant’s Hong Kong-listed film and entertainment unit, has launched a RMB2 billion ($300 million) fund that will make movie and TV-related investments.
Gopher Asset Management, the PE arm of Noah Holdings, has teamed up with Chinese movies-to-gaming company Perfect World to launch a media and culture M&A fund that has a target of RMB2 billion ($300 million).
China Everbright (CEL) and IDG Capital Partners have launched a joint M&A investment fund of at least RMB20 billion ($3 billion) in size that will support the growth of companies in China and overseas.
Baidu, China's leading internet search provider, has set up a RMB2 billion ($303 million) fund that will support the production of at least 30 movies over the next two years.
China’s securities regulator said it would resume its approval of qualified private equity firms listing on the National Equities Exchange and Quotations (NEEQ), while imposing tighter listing requirements.
ChinaEquity Group, a private equity firm listed on the National Equities Exchange and Quotations (NEEQ), has acquired a controlling interest in an A-share listed company in what could be an attempt to move to the larger exchange.
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
The China Securities Regulatory Commission (CSRC) will take further steps to regulate the domestic private fund industry in response to an acceleration in illegal fundraising activities.
Xiaoming Huang, a Chinese actor who co-founded celebrity fund StarVC, has launched a new venture capital firm called Ming Capital.
Zhaohui Wang, co-founder and formerly operating partner at Innovation Works, has launched a China-focused seed fund to invest in culture, media and sport-related assets.
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
Yi Jiu Pi, a Chinese B2B online liquor retailer, has raised an extended Series B round worth RMB200 million ($30 million) co-led by domestic GPs Yuan Sheng Ventures and Eastern Bell Venture Capital.
China-focused PE firm Cybernaut has hired Matt Wang, formerly a vice president at IBM, as president and announced the launch of a RMB60 billion ($9 billion) M&A fund.
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.
The Beijing government has suspended domestic private equity investment registrations in relation to suspected illegal fundraising.
Qufenqi, a Chinese electronic retailer that allows buyers to pay in installments, has completed a new round of renminbi-denominated funding, having removed its variable interest entity (VIE) structure in preparation for an onshore listing.