Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
Two Chinese investment groups – Puji Capital and Jupai Holdings – have formed a joint venture (JV) to invest in Wanda Pictures, the film production and distribution division of domestic conglomerate Dalian Wanda.
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.
US private equity firm Shamrock Capital Advisors has acquired a majority stake in Silvergate Media with a view to expanding the company’s presence in China.
FountainVest Partners and its portfolio company Focus Media - a Chinese outdoor advertising business that went public via a backdoor listing last year - will launch a $400 million sport industry-focused fund.
Harvest Fund Management has led a $50 million Series C round – which was more than 3x oversubscribed – for China-based clinical-stage diabetes treatment developer Hua Medicine.
D&J Industrial Property, a Chinese business park developer co-founded and majority-owned by Warburg Pincus, has agreed to acquire a 40% stake in real estate investment firm KaiLong Group for an undisclosed sum.
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.
SAIF Partners has participated in a RMB1 billion ($155 million) round of funding for Baidu Video, a new online video affiliate created by Chinese search giant Baidu.
China-focused GP Hony Capital has raised $2.7 billion for its latest fund, with the formal closing expected to happen next week. The firm reached a first close of $1 billion in late 2015.
ClearVue Partners has led a $10 million Series C round for Yummy Express, a Beijing-based start-up that provides logistics services for online-to-offline (O2O) food-ordering platforms. SBCVC also participated in the investment.
Weiche, a mobile app that targets car owners in China, has completed a RMB152 million ($24 million) Series B round of funding led by GRC SinoGreen Fund.
China-based GSR Capital - an affiliate of Go Scale Capital, which saw its bid for Philips' Lumileds business thwarted by regulators - has closed a new $1 billion fund to invest in LED companies globally.
Huochebang, a China-based online logistics platform that allows truck shipment tracking, has raised a $35 million round of funding led by Genesis Capital.
Boyu Capital, Hillhouse Capital and Sequoia Capital have submitted a take-private offer for Chinese auto listings and information service Autohome. This follows Telstra agreeing to sell its majority stake in the business to Ping An Insurance Group.
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
Fosun Kinzon Capital, a VC arm of Fosun Group, has led a RMB150 million ($23 million) extended Series B round of funding for Huivo, a Chinese online education solutions provider for kindergartens.
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
Addor Capital has led a RMB249 million ($38 million) Series C round of funding for FreshMarket, an online grocery service based in China.
Chinese chauffeured car service provider Ucar has raised RMB3.68 billion ($569 million) from domestic investors including Yunfeng Capital ahead of a proposed listing on the National Equities Exchange and Quotation (NEEQ).
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
Piau-Voon Wang, formerly a partner and head of Asian investments at Adams Street Partners, has been appointed as co-CIO for Chinese wealth manager Noah Holdings.