China Zhejiang Yinlun Machinery, a Shenzhen-listed manufacturer of heat exchangers, has acquired US-based counterpart Thermal Dynamics International (TDL) for $56.65 million, facilitating a full exit to US private equity backer Evergreen Pacific Partners.
Benlai.com, a Chinese B2C-focused online grocery supplier, has raised an extended Series C round of funding worth $17 million.
China’s largest express delivery services provider SF Express, which is backed by several PE investors, is looking to list in Shenzhen through a reverse merger that values the business at RMB43.3 billion ($6.6 billion).
Fujian Grand Chip Investment Fund (FGC), an investment vehicle controlled by Chinese entrepreneur Zhendong Liu, has offered to buy German semiconductor equipment maker Aixtron for EUR670 million ($751 million).
Chinese online game developer Giant Interactive Group, which was taken private by a consortium of PE investors in conjunction with the company’s CEO, has completed a backdoor listing in Shenzhen that values the business at RMB13.1 billion ($2 billion).
Vision Knight Capital has led a $1 billion ($153 million) Series C round of funding for Weidai, a Chinese peer-to-peer (P2P) lending platform that specializes on providing auto loans.
Chinese investors have underpinned an $88 million Series E round of funding for Kateeva, a US electronics developer that operates in China, Korea, Japan and Taiwan.
Ping An Good Doctor, a healthcare-focused mobile app controlled by Chinese Ping An Insurance Group, has raised $500 million in a Series A round of funding at a valuation of $3 billion.
SBCVC has committed $10 million to a $30 million seed round of funding for CloudMinds, a Chinese cloud-based robotics start-up.
ChinaEquity Group, a private equity firm listed on the National Equities Exchange and Quotations (NEEQ), has acquired a controlling interest in an A-share listed company in what could be an attempt to move to the larger exchange.
Mobvista, a Chinese mobile content distribution platform backed by several VC investors, has raised RMB522 million ($79.7 million) after listing on the National Equities Exchange and Quotation (NEEQ).
Hony Capital and China Investment Corporation (CIC) are among the cornerstone investors for a HK$8.7 billion ($1.1 billion) Hong Kong IPO for Bank of China’s aircraft leasing business, BOC Aviation.
Three senior executives – including Jun Wang, the managing partner and chairman – have left Fosun Kinzon Capital, the venture capital arm of China’s Fosun Group, to set up their own firm.
WI Harper Group has closed its eighth venture capital fund, which targets early-stage investments in Asia-focused companies, at $175 million.
Tantan, a Chinese version of US-based dating app Tinder, has completed a $32 million Series C round led by DST Global, Vision Plus Capital and LB Investment.
CVC Capital Partners has recruited Yi Luo, formerly of The Blackstone Group, as partner and head of China. He began his new role in February.
GGV Capital and Morningside Venture Capital have co-led a $32 million Series C round for Keep, a Chinese mobile app that provides fitness training programs.
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
China Everbright has acquired a 67.3% stake in Beijing Huichen Nursing Home Management, a healthcare services provider for more than 10,000 Chinese seniors.
Wanda Cinema Line, China’s largest cinema chain operator, plans to acquire its movie-making affiliate Wanda Media, which is backed by several PE investors, for RMB37.2 billion ($5.7 billion) in a cash and stock swap.
Apple has made $1 billion strategic investment in Didi Chuxing, China's leading ride-hailing app operator.
China Online Education Group, operator of VC-backed English-learning mobile app 51Talk, has filed for a US IPO.
Chinese PE firm Beijing E-Town Capital has completed the privatization of Mattson Technology in a deal that values the NASDAQ-listed semiconductor processing equipment maker at approximately $300 million.