Investment strategies targeted exclusively at the convergence of financial services and technology have become commonplace. As competition picks up, success will depend on adopting skills and a global view
An assortment of healthcare-focused GPs – most of them in China – have emerged to leverage rising domestic consumption and nascent medical innovation. Does domain expertise mean better deal access?
Yunfeng Capital and Chinese smart-phone maker Xiaomi have jointly led a $40 million Series B round for Beijing Jinying Technology, a China-based online content publisher. Fosun International and SIG Asia also participated.
A group of investors including Meridian Capital and Eastern Bell Venture Capital has invested RMB90 million ($13.6 million) in China-based retail property-leasing platform Putiandi.
AnchorDx, a China-based company that develops new clinical diagnosis products based on next-generation sequencing (NGS) technology, has raised $28 million in a Series B round led by 6 Dimensions Capital and Sijia Jianxin Fund.
Investors see growing opportunity in Asian credit, but the region has proven difficult for foreign managers to address. Local expertise, particularly in emerging markets, can unlock the best returns
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
EOC Pharma, a China-based cancer treatment specialist, has closed a $32 million Series B funding round led by Taikang Industry Development Fund.
Alibaba Group and the International Finance Corporation (IFC) have led a Series B+ round of funding for Hong Kong financial technology provider WeLab.
Phoenix Travel Group, a China-based travel services provider, has raised a RMB700 million ($105 million) Series C round led by CITIC Capital, Haier Capital, Legend Holdings and Legend Capital.
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
Sinovation Ventures has led a $20.6 million Series B round for Zhuiyi Technology, a Shenzhen-based artificial intelligence (AI) start-up that specializes in chatbots.
Ctrip, Chna’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Qihoo 360, a Chinese internet security software provider that was delisted in the US last year by a consortium that includes several PE investors, will relist in Shanghai through a reverse merger worth RMB50.4 billion ($7.57 billion).
Beijing-based genomics services provider Annoroad has completed a RMB700 million ($105 million) Series C round co-led by Shenzhen GTJA Investment Group and Ping An Ventures. SBCVC and SAIF Partners China also participated.
Alibaba Group has led a $335 million Series E round for Chinese online second-hand car trading platform operator Souche. It is the company’s third funding round in the past 12 months.
Megvii Technology, a Beijing-based facial recognition software developer, has raised a $460 million Series C round led by China State-owned Venture Capital Fund.
Chinese PE firm Yunfeng Capital has led a $120 million Series E round of funding for Xiaozhu.com, a Beijing-based short-term rentals platform.
HighLight Capital has secured $250 million for its second China healthcare-focused fund, suggesting that proven sector specialists are getting traction with institutional LPs
With its focus on Asia and the Middle East and a roster of big-name owner-shareholders, Samena Capital is a GP with a difference. Shirish Saraf, the firm’s founder and vice chairman, explains the strategy
One of the founders of Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was blocked from buying US-based Lattice Semiconductor earlier this year – has been charged with insider trading.
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has raised another $180 million to close its Series B round at $600 million.
Hony Capital has led a Series B round of funding for Quanyi Pharmacy Chain, an investment and operating platform that is intended to consolidate Chinese retail drug stores.
Tiantian Paiche, a Chinese online used car trading platform, has raised $80 million from investors such as Industrial Bank of China to close its Series C round of funding at $180 million.