China Aerospace Science & Technology Corporation (CASC) has launched a RMB150 billion ($22 billion) fund with a group of state-owned enterprises (SOEs) to invest in new technologies.
Yantai Zhenghai Bio-tech, a Chinese biotechnology company backed by CDH Investments, saw its stock gain 44.03% on its first day of trading following a RMB234 million ($34 million) IPO in Shenzhen.
China Ping An Insurance has led a $75 million Series A round for Huya, the live game broadcasting subsidiary of Chinese social networking platform YY.
Wish, a San Francisco-based cross-border e-commerce app backed by several Asian investors, has completed a Series F round led by Everbright-IDG Industrial Fund.
Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, is targeting $800 million for its fourth fund.
Three of the senior management team at SMC Capital China - a GP launched by Hong Kong-based Simon Murray & Company (SMC) - have left to join CDIB Capital, the PE arm of Taiwan’s China Development Financial.
Hillhouse Capital has led a RMB380 million ($55 million) Series C round of funding for Yitu Technology, a Shanghai-based artificial intelligence (AI) technology developer.
CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
SoftBank Group contributed $5 billion of the $5.5 billion funding round announced at the end of last month by China-based ride-hailing app operator Didi Chuxing – almost certainly the largest single investment in a Chinese internet company.
Hillhouse Capital's efforts in using technology to support Kidswant may offer pointers regarding its plans for buyout target Belle International. But is it enough to turnaround the fortunes of one of China's largest retailers?
KKR has fully exited its remaining 11.8% stake in car dealership China Rundong Auto Group for HK$395 million ($50.7 million), ending a seven-year association that included an IPO in Hong Kong in 2014.
Qiming Venture Partners has led a RMB120 million ($17 million) Series B round for XSKY Beijing Data Technology Corporation, a China-based data storage software services provider.
China-focused GP Maison Capital has led a RMB150 million ($22 million) Series B round of funding for Wook, a cross-border B2B e-commerce platform that focuses on China and Indonesia markets.
Huochebang has raised $270 million in the last five months with a view to using its sharing economy solution to make China's trucking industry more efficient and less fragmented
Royole Corporation, a China-based flexible display technology developer, has received RMB400 million ($58 million) in Series D funding from a domestic GP Beijing Zhongtai Chuanghui Equity Investment Fund.
China-focused VC firm Pagoda Investment has led a RMB110 million ($16 million) Series A round of funding for Hesai, a Shanghai-based company that develops smart sensing technology solutions.
By acquiring NextCode Health in 2015, WuXi Pharmatech combined its gene sequencing capabilities with one of the world's largest genome datasets. PE investors are backing the business to sell genomic testing services to Chinese patients
Barry Lau, managing partner and CIO at Adamas Asset Management, discusses private debt opportunities in China
Shanghai Star48 Culture & Media, a media agency that developed Chinese female pop group SNH48, has raised a Series C round of funding led by CMB International Capital, a private equity unit of China Merchants Bank.
Chinese internet giant Tencent Holdings has led a $54 million funding round for Smule, a US-based social media music company, to support its expansion in Asia.
One Belt One Road aims to recast two continents’ worth of disconnected developing markets as a global economic nucleus. It is a geopolitical watershed with deep and complex investment potential
An investment unit of Bank of China International (BOCI) has led a RMB200 million ($29 million) Series C round for G-banker, a Chinese online gold trading platform that has several venture capital backers.
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.