Advantech Capital, one of two parallel funds launched by executives from Chinese GP New Horizon Capital, has led a $15 million Series A round of funding for Petuum, a US-based artificial intelligence (AI) and machine learning (ML) solution developer.
Interest in cross-border transactions among Chinese strategic players is increasing, and PE firms have a number of crucial advantages in these situations, industry players told the AVCJ Forum in Hong Kong.
Chinese private equity firm BHR Partners has agreed to acquire a minority stake in Tenke Fungurme Mining, an Africa-based copper asset, from Canada-based Lundin Mining for $1.14 billion in cash.
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
Shanghai-based venture capital firm Long Hill Capital Management, a spin-out from New Enterprise Associates (NEA), has closed its debut fund at $125 million.
Hony Capital has reiterated its commitment to helping Chinese companies go global, in addition to supporting international firms that want to maximize their exposure to China – and the firm established a presence in Shenzhen to address these opportunities.
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Chinese private equity firm Hony Capital has re-upped in Australia-listed oil and gas supplier Santos for A$159.2 million ($120.8 million).
As co-founder of Chinese online travel site Qunar, Chenchao Zhuang has experience building and selling a technology business. Now a VC investor in his own right, he offers insights into the world of start-ups
Shangzhi Wu, chairman of CDH Investments, discusses China’s slowing economy, the gems to be found in the middle market, cross-border opportunities, and making a multi-strategy firm institutionalized
Still at an early stage of its development, China’s LP community has minimal exposure to offshore private equity. Institutions with big checkbooks aren’t necessarily the fastest movers
Since the dawn of the internet in the mid-1990s spurred a global rebalancing of economic power, Asia’s newest VC heavyweights have raised questions as to how this technology-driven shift will be governed
Sydney-based private equity firm Wattle Hill RHC Funds has achieved a first close on its debut Sino-Australia cross-border fund with $200 million in commitments. The overall target is $300 million.
Ascendent Capital Partners has committed RMB50 million ($7.36 million) to BioChain Beijing, a Chinese biotech company that focuses on early detection of cancer.
Smartstudy.com, a Chinese online learning site, has raised a RMB200 million ($29 million) Series B round of funding led by Hong Kong-based private equity firm Golden Brick Capital.
Betta Pharmaceuticals, a Chinese VC-backed drug developer backed by several venture investors, has completed a RMB720 million ($106 million) IPO on Shenzhen’s Growth Enterprise Market Board.
Ubike, a Chinese bike-sharing start-up, has raised a RMB150 million ($22 million) Series A round of funding led by Yicun Capital, a corporate PE arm of Shenzhen-listed chemical fiber manufacturer Jiangsu Huaxicun.
Gfresh, a China-based seafood importer and online marketplace operator, has raised $20 million from Riverhill Fund, an investment arm of Alibaba Group, and Legend Capital.
Canyon Bridge Capital Partners, a newly-formed US-based buyout firm backed by Chinese LPs, has agreed to acquire NASDAQ-listed chip maker Lattice Semiconductor for $1.3 billion.
China Film, the country's largest movie distributor, and Pegasus Media Group have joined Hong Kong’s Co-High Investment Management to launch a $100 million film fund focused on US-China co-productions.
GDS Holdings, a Chinese data center provider that counts SBCVC among its investors, raised $192.5 million in its US IPO after pricing the offering below the indicative range.
Jubilee Capital, a newly formed venture investment firm based in Singapore, has reached a first close of $30 million on an early-stage technology fund targeting $100 million.