A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
CITIC Capital Partners is targeting $1.5 billion for its latest China-focused private equity fund, having combined the teams that previously pursued separate China and international strategies.
Le Sports, an independently funded subsidiary of China’s LeTV Holdings, has completed a $1.2 billion Series B funding round at a post-money valuation of $3.3 billion.
CITIC Private Equity (CITIC PE) has invested an undisclosed sum in New Journey Hospital Group, a Chinese cancer hospital operator.
Chinese electronics retailer Suning Commerce Group will create an investment division with a view to reaching RMB50 billion ($7.7 billion) in assets under management. It is part of a strategic transformation through which the company is looking to establish...
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
Haozu.com, a Chinese O2O commercial real estate service platform, has raised a RMB250 million ($39 million) Series A round of funding led by Joy Capital and Black Hole Capital.
Warburg Pincus is seeking to raise $2 billion for a new China-dedicated fund, which will make investments in the country alongside its latest $12 billion global fund.
A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
Goldman Sachs has committed $37 million to cardiac valve developer Venus Medtech.
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
Hony Capital has agreed to sell its 11.72% stake in Australia-listed oil and gas supplier Santos to ENN Group, a leading Chinese privately-held gas distributor, for $755 million.
Early-stage venture capital firm Cherubic Ventures is targeting $120 million for its latest fund aimed at investments in the US and China.
CMC Capital Partners and FountainVest Partners have made a partial exit from IMAX China after agreeing to an extended lock-up period for the rest of their shares.
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
Chinese clothing maker Dalian Dayang Trands has agreed to acquire Shanghai's YTO Express, which is backed by Alibaba Group and Yunfeng Capital, for RMB17.5 billion ($2.7 billion), resulting in a backdoor listing in Shanghai for the courier service provider.
Advent International has closed its eighth global fund at the hard cap of $13 billion after approximately six months in the market.
Renminbi-denominated fund-of-funds have found a new lease of life in China as new private sector entrants and reformed state-backed incumbents look to tap a growing domestic LP base
Hzins.com, a Chinese third-party insurance service provider, has raised RMB200 million ($30 million) in a Series B round of funding from domestic GPs including Beijing Wanrong Times Capital and Shenzhen CDF-Capital.
Sequoia Capital is expected to raise up to $1.45 billion for its latest China venture and growth funds, having penciled in April 7 for a final close.
Fosun Kinzon Capital, a VC arm backed by Fosun Group, has led a RMB100 million ($15 million) Series B round for Easyhin, a Chinese mobile app that provides healthcare services to mothers and children.