The Everbright-IDG Industrial Fund is one example of investors joining forces to address the investment opportunities created by China's evolving economy. Are two heads really better than one?
Hong Kong is the only major international center openly seeking to treat carried interest as income rather than capital gain for tax purposes. The private equity industry wants to know where it stands
China Everbright (CEL), the Hong Kong-listed multi-platform asset manager backed by state-owned China Everbright Group, is set to receive a separate account mandate from the National Council for Social Security Fund (NSSF), China’s largest pension fund.
IDG Capital Partners and Walden International have led a $65 million Series B funding round for US and China-based artificial intelligence (AI) and robotics company Rokid.
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has led a $30 million Series B round for Microseer, a Shanghai-based human resources and IT outsourcing services start-up.
Shanghai-listed Zhongji Investment Holding has won shareholder approval to acquire UK-based Jagex Games Studio, the VC-backed developer of online role-playing game "RuneScape," in a deal worth RMB1.63 billion ($240 million).
Sequoia Capital China has agreed to invest RMB348 million ($51.7 million) in Gopher Asset Management, the alternative asset management unit of China’s Noah Holdings.
Intel Capital, the captive VC arm of Intel Corp, is backing two Chinese data and connectivity start-ups as part of a $38 million investment package across 12 companies.
US-based retailer Walmart has made a $50 million strategic investment in New Dada, a Chinese online grocery and delivery platform part-owned by JD.com.
Asia Pacific Medical Group (APMG), a medical platform owned by Bain Capital, has agreed to sell Singapore and Malaysia-based plastic surgery brand The Sloane Clinic to China Medical (International) Group (CMIG).
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.
VC-backed Chinese data center provider GDS Holdings is seeking to raise up to $269.5 million in its NASDAQ IPO. The proceeds could reach $309.9 million if the overallotment option is fully exercised.
Chinese vacation rental platform Tujia, which has several VC and PE investors, has acquired the homestay businesses of travel websites Ctrip and Qunar, strengthening its already dominant position in China’s accommodation sharing market.
China Everbright (CEL) and IDG Capital Partners have acquired a 9.3% stake in China UnionPay Merchant Services (UMS), a third-party payment provider, for RMB2 billion ($297 million).
Doumi, a China-based platform that helps people find part-time jobs, has raised $40 million in Series B funding from Hillhouse Capital, Tencent Holdings, Baidu, and food and agribusiness conglomerate New Hope Group.
Singapore's Temasek Holdings has committed $250 million to hospital operator Columbia Pacific Management for a joint venture in China.
Trustbridge Partners has led a $30 million Series B round for US-based genetic testing company Veritas Genetics.
CITIC Capital and several domestic investment funds have contributed $850 million to Tencent Holdings’ acquisition of a majority stake in Finland-based mobile game developer Supercell.
Chinese boutique investment bank and advisory firm CEC Capital Group – formerly known as China eCapital – has agreed to buy US-based counterpart Siemer & Associates (S&A).
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China-based B2B liquor-trading platform Yijiupi has raised a $100 million Series C round led by existing investor Greenwoods Asset Management.
DCL Investments, a spin-out from China-focused distressed debt and special situations investor Shoreline Capital, has closed its debut fund with more than RMB3.7 billion ($500 million) in commitments.
Development has been inconsistent in Asia’s IPO markets, with frequent pacing issues and challenges unique to each region. But in the right hands, they can still be highly rewarding for PE investors