Chinese private equity firm Ocean Management has made a take-private offer for domestic travel site Qunar that values the US-listed company at about $4.4 billion.
Ant Financial, the online finance affiliate of China's Alibaba Group, has joined a consortium of investors supporting the establishment of Xinmei Mutual Life Insurance Agency.
IDG Capital Partners has led a $60 million financing round for Circle, a US-based financial technology start-up seeking to build a blockchain-supported peer-to-peer payments system business in China.
Chinese state-owned Poly Real Estate Group has set up a private equity fund worth $2.5 billion ($380 million) to invest in Chinese leading ride-hailing app Didi Chuxing as part of its latest round.
VC-backed UrWork, a co-working space provider for Chinese start-ups, has completed a pre-Series B round worth RMB300 million ($46 million) from Chinese commercial property developers Yintai Land and Zhongrong International Trust.
VC-backed Chinese vacation-rental website Tujia.com has agreed to take control of its industry peer Mayi.com, which has also received venture investment, for an undisclosed sum.
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Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.
NewMargin Ventures has led a RMB70 million ($10.6 million) Series A round of funding for Flower Plus, a Chinese mobile flower ordering platform.
The Carlyle Group has hired Jesse Wu, the former chairman of Johnson & Johnson China, as a senior advisor to the firm’s Asia buyout team.
OrbiMed will consolidate its control of Canada-listed clinical equipment producer Response Biomedical in an C$11.1 million ($8.6 million) take-private deal including participation by Shanghai Runda Medical Technology.
Chinese healthcare-focused GP HighLight Capital has led a RMB50 million ($7.6 million) Series B round for Jun He Tang, a traditional Chinese medicine (TCM) business, followed by existing investor Qiming Venture Partners.
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
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.
Sino-European investor AGIC Capital has acquired Italy-based Gimatic with a view to boosting sales of the company's robotics components in Asia
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
Chinese delivery service provider UC Express has raised about RMB300 million ($46 million) in a Series A round of funding from Eastern Bell Venture Capital and Kerry Logistics.
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.
H&Q Asia Pacific has led a RMB200 million ($30 million) Series B round of funding for Huizuche.com, a Chinese car rental platform for outbound tourists.
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.