Yonghong Tech, a Chinese big data analytics software provider, has raised RMB200 million ($30 million) in Series C funding from Tencent Holdings’ VC unit, Yuansheng Capital, Oriental Fortune Capital, and Matrix Partners.
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.
China Investment Corporation (CIC) posted a 2.96% loss on its international portfolio in 2015 – the first annual negative return in four years and the third since its inception in 2008.
KKR will sell its 45% stake in Australia-based healthcare provider GenesisCare as China Resources Group and Macquarie Capital agreed to buy a majority interest in the business.
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.
China’s PGA Venture Partners has led a $4.5 million Series A round of funding for Hong Kong-based financial services software provider Quantifeed.
Henry Kravis, co-founder of KKR, emphasized the importance of Asia’s rising middle class and the diversification of his firm’s investment approach as continued volatility globally is likely to deliver both uncertainty and opportunity.
The Poseidon Group, a Hong Kong and Singapore-based due diligence and business intelligence provider, has been acquired by global regulatory risk and compliance player Exiger.
New Zealand-listed health food and supplements producer Oceania Natural has secured HK$19.5 ($2.5 million) from a group of domestic and Chinese investors for the establishment of a Hong Kong subsidiary.
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
GSR Ventures has participated in a $70 million financing round for Protean Electric, a US automobile equipment developer with an expanding operations base in China.
A PE-backed Chinese consortium has agreed a $600 million acquisition of the web browser business of Norway’s Opera Software after a full takeover bid worth $1.2 billion failed to attain government approval.
CRE Alliance Management, a consumer-focused fund established by state-owned conglomerate China Resources, has invested an undisclosed sum in Meituan-Dianping, China’s leading online-to-offline (O2O) services platform.
Qihoo 360, a US-listed Chinese internet security software provider, has been successfully privatized by its chairman and investors ranging from private equity firms to insurance companies, in a deal worth $9.3 billion.
Gengmei, a Chinese cosmetic surgery social networking app backed by several VC investors, has raised an undisclosed amount of Series C funding from Chinese companies Suning Commerce Group and Tencent Holdings.
DotC United, a Hong Kong-based mobile app publisher, has raised a RMB300 million ($44 million) Series A round of funding from several Chinese VC investors, including Banyan Capital and Chengwei Capital.
Legend Capital has led a RMB100 million ($14 million) Series B round of funding for Udesk, a China-based customer service outsourcing business.
Unity Technologies, a US-based video game engine maker, has closed a $181 million Series C round of funding led by DFJ Growth, with participation from China Investment Corporation (CIC) and Chinese early-stage investor FreeS Fund.
DCM Ventures has led a $10 million round for SequoiaDB, a Chinese big data software developer, followed by existing investor Qiming Venture Partners.
China shores up Asia investment activity, driven by tech-related deals; robust VC fundraising in China, Southeast Asia masks weak region-wide activity; volatility prolongs the exits downturn
Kyle Shaw, managing director of Shaw Kwei & Partners, discusses the value to be found in taking traditional yet complex industrial businesses and switching them to a high-end track.
IDG Capital Partners has closed its latest China-focused venture capital fund at $1 billion, in partnership with Silicon Valley-based Breyer Capital.
UK private equity firm Terra Firma will exit Odeon & UCI Cinemas for GBP921 million ($1.2 billion) to AMC Entertainment, a US-listed cinema chain operator owned by Chinese conglomerate Dalian Wanda Group.
The Carlyle Group is set to make a full exit from Concord Medical Services, a US-listed Chinese radiotherapy and diagnostic imaging center operator, in a take-private transaction initiated by the company’s chairman and CEO.