Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
Existing backer Lilly Asia Ventures has been joined by new investors, including China Summit Capital, in a $10 million Series B round of funding for Impact Therapeutics, a China-based cancer drug developer.
China's largest express delivery services provider SF Express, which is backed by several PE investors including CITIC Capital, has confirmed that it is targeting an A-share IPO.
Bohai Industrial Investment Fund, a private equity firm controlled by Bank of China, has participated in a $950 million debt funding round for Yancoal Australia, a publicly-traded subsidiary of sate-owned Yanzhou Coal.
Frees Fund, a China-focused VC group that spun out from IDG Capital Partners, and Qihoo 360 Technology have co-led a $100 million round for Mobi Magic, a Beijing-based mobile app developer.
Guangdong Alpha Animation and Culture, a listed Chinese animation firm, has led an undisclosed Series A round of funding for Time of Virtual Reality (TVR), which develops games for VR devices.
China-based Perfect World Pictures has launched a private equity fund to invest in a slate of movies produced by US Universal Pictures.
US-based Fairchild Semiconductor International has turned down a $2.6 billion take-private bid from China Resources Microelectronics and Hua Capital.
Adams Street Partners has promoted Doris Guo, a principal in charge of primary investments in Greater China, to partner.
Sequoia Capital is supporting a take-private Chinese online beauty products retailer Jumei International that has been launched by the company’s founders. It values the US-listed business at approximately $1 billion.
Ascendent Capital Partners has completed its exit from Nano Resources, a components manufacturer for high-speed trains, generating a more than 5x return.
Haitong-Fortis Private Equity, a joint venture between Haitong Securities and BNP Paribas Investment Partners, is set to exit Chinese snack food platform Baicaowei to Shenzhen-listed jujube product maker Haoxiangni.
Sing Wang, who until last year was co-chairman for Greater China at TPG Capital and head of TPG Growth in North Asia, has joined China Minsheng Financial Holding as CEO.
58 Daojia, a PE-backed Chinese online-to-offline (O2O) local services platform, has merged with Dudumeijia.com, a manicure-booking app that counts Sequoia Capital and Source Code Capital among its investors.
The recent flood of Chinese strategic investment in Germany's industrial sector is reminiscent of the previous episode in 2012 - and the motivations are largely the same
Chang Sun swapped his life as head of North Asia at Warburg Pincus to become a farmer in China. He sees substantial financial and social opportunities in modernizing a highly inefficient agriculture sector
Lakala, a Chinese offline third-party payment services provider owned by Legend Holdings, is set to list on the Shanghai Stock Exchange through a reverse merger.
Sequoia Capital has led a new funding round for Che300.com, a China-based online platform that values second-hand cars.
Chinese internet giant Alibaba Group has acquired a 4% stake in S.M. Entertainment, a South Korean music agency, for KRW35.5 billion ($29.8 million).
Chinese online hotel booking site eLong has agreed to buyout led by a consortium of existing shareholders, including Tencent Holdings and Ctrip. The deal values the company at approximately $647 million.
Having spent 20 years at Warburg Pincus, during which he helped set up the firm’s China business, Chang Sun chose agriculture for his next challenge. His start-up, Black Soil, aims to bring consolidation, automation and improved productivity to a sector...
A Chinese consortium featuring Qihoo 360 Technology – which recently agreed a $9.3 billion private equity-backed take-private – is poised to acquire Norway-headquartered internet browser developer Opera Software for $1.2 billion.
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.