Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
CMC Holdings, an investment platform launched by Ruigang Li, founder of media-focused PE firm CMC Capital Partners, has agreed to buy 29.55% of Hong Kong-listed sportswear manufacturer Meike Holdings.
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
Mezzanine Capital Unit (MCU), a PE investment unit under Singapore’s OCBC Bank, has sold its stake in China education service provider Tsingda eEdu, generating nearly 3x return on a $20 million investment made in August 2014.
Adagene, a China-based life sciences company focused on smart antibody technology, has raised a $28 million Series B round led by GP Healthcare Capital, the medical-focused subsidiary of China's GP Capital.
Hony Capital has agreed to invest an additional RMB599 million ($91 million) hotel operator Shanghai Jinjiang International alongside other financial and strategic investors.
Everbright ReinFore, a private equity arm under China Everbright Group, has led a Series B round of funding for Huasheng Finance, a Chinese online lending platform.
The Shanghai government has proposed new measures to compensate early-stage investors’ for financial losses incurred by investing in local start-ups.
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
With $160 million in Series B funding, Hong Kong-based WeLab wants to upgrade its people and technology in order to build a China online lending platform of real scale
China Pacific Insurance leads a Series B round for Bochewang, a car-trading platform that transfers damaged vehicles from insurers to rebuilders
In addition to an advisory business that targets large-scale LPs, Hamilton Lane has a discretionary portfolio geared towards the middle market. It expects Asian GPs in this space to adapt to changing dynamics
Venture capital investors are set for a less frenetic year in China, but this isn't necessarily a bad thing for early-stage players
Yunfeng Capital has led an extended Series A round of funding for Du Yao, a China-based book and movie reviews platform.
Qiniu, a Chinese cloud storage service provider, has received a $100 million Series D round from China Broadband Capital (CBC), Telstra Ventures and Chinese mutual fund provider Harvest Global Investments.
Jinpan International, a US-listed Chinese electric transformer manufacturer, has agreed a take-private deal with the company’s chairman and Forebright Capital. It values the business at approximately $98 million.
KTB Ventures and Jolly Innovation Ventures have led a $30 million Series B round for Shanghai-based cancer therapy developer CARsgen Therapeutics.
Qiming Venture Partners has announced that it has closed its fifth US dollar-denominated China VC fund at $648 million.
China Pacific Insurance Corporation (CPIC) has led a RMB200 million ($30 million) Series B round for Bochewang.com, a Chinese online auction platform for restored cars.
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
Go Scale Capital will continue to target international acquisitions, including in the US, despite the termination of a deal for Philips’ LED components and automotive lighting unit due to regulatory concerns.
CMC Holdings, an investment platform launched by Ruigang Li, founder of Chinese media-focused PE firm CMC Capital Partners, has invested $100 million in SECA, a Beijing-based sports marketing and management company.
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.