While capital is widely available in China's VC scene, investors continue to worry worry that the market is not developing as it should
IDG Capital partners has led a consortium to buy Ledvance, the lamps business of German lighting manufacturer Osram, for more than EUR400 million ($440 million).
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.
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.
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.