Articles by Tim Burroughs
China language learning app Liulishuo files for US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, has filed to list in the US.
Korea buyouts: Local edge
Private equity firms must double down on local networking, due diligence, and value-add capacity as competition for deals intensifies in the Korean buyout market
Chinese electronic signature platform gets $52m Series C
Tiger Global Management has led a Series C funding round worth RMB358 million ($52.4 million) for Bestsign, a Chinese technology developer that specializes in electronic signatures for paperless contracts.
Adamantem to buy Australia's Zenitas Healthcare
Adamantem Capital has agreed to buy Australia-based Zenitas Healthcare in a deal worth approximately A$122 million ($88 million), including debt. It is working with Liverpool Partners, an investment and advisory firm with extensive experience in healthcare....
Chinese IoT platform Viomi files for US IPO
Viomi, a Chinese manufacturer of smart household devices that works in partnership with smart phone maker Xiaomi and counts Shunwei Capital and Sequoia Capital China as investors, has filed for an IPO in the US.
Chinese autonomous driving player Yihang raises Series B
Yihang.ai, a Chinese autonomous driving technology provider, has received RMB220 million ($32.2 million) in Series B funding led by a fund managed by China International Capital Corporation (CICC).
Sequoia raises $2.5b for China funds
Sequoia Capital has closed its latest China funds with $2.5 billion in commitments across growth, venture, and seed strategies.
Chinese online fabrics trader Baibu raises $30m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $30 million in a first tranche of Series C funding led by Bull Capital Partners.
Legend, Tiger back Chinese industrial e-commerce platform
Legend Capital and Tiger Global Management have led a $129 million Series C round for Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products.
Q&A: Top Tier Capital Partners' David York
David York, a managing partner at venture capital-focused fund-of-funds Top Tier Capital Partners, assesses the motivations behind the flood of capital into the US late-stage technology space
Korean project funds: Lines of sight
The prevalence of project funds in Korea is routinely linked to local institutional investors’ innate discomfort with blind pool vehicles. But is this dynamic holding back middle market managers?
China's Shansong Express raises $60m
Shansong, a Chinese start-up that provides intercity courier services, has raised $60 million in the first tranche of a Series D round. It comes 15 months after the company closed its Series C at $100 million.
GPs support $590m investment in take-private target China Biologic
China Biologic Products, a US-listed biopharmaceuticals player that was subject to two take-private offers, said it was set to raise $590 million by issuing new shares to investors including Centurium Capital, CITIC Capital, and Hillhouse Capital.
Crescent raises $586m for sixth Australia, New Zealand fund
Crescent Capital Partners has closed its sixth Australia and New Zealand mid-market fund at A$800 million ($586 million) after less than three months in the market.
AVCJ Awards 2018 - Nominations have now closed
Nominations for the 2018 AVCJ Private Equity & Venture Capital Awards have now closed. The public voting stage of the process will begin around October 10.
China PE: Exit issues
Chinese GPs appear to be reevaluating their exit options as a shifting landscape for local IPO and trade sale markets suggests economic concerns and increased scrutiny
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
China facilities management: Cleaning up
Private equity investors are turning their attention to China’s outsourced facilities management market, recognizing the opportunities presented by under-penetration and fragmentation
Orchid, TPG lead $110m Series C for China's Duiba
Orchid Asia and TPG Capital have led a $110 million Series C round for Duiba, a Chinese enterprise services company that specializes in marketing and user engagement programs.
China's Maimai gets $200m Series D
Maimai, a Chinese social networking app for professionals that is seen as the country’s equivalent to LinkedIn, has raised $200 million in Series D funding led by DST Global.
Deal focus: Vietnam's Sendo embraces B2C
A number of Japanese investors are supporting Vietnamese C2C e-commerce player Sendo as it diversifies operations with a B2C marketplace and mobile payments platform
Chinese news aggregator Qutoutiao preps for US offering
Qutoutiao, a Chinese news aggregator app that seeks to differentiate itself from market leader Jinri Toutiao by focusing on entertainment-oriented content, has announced plans to list in the US.
Chinese online crafts platform raises $44m Series B
Cathay Capital has led a RMB310 million ($45 million) Series B round of funding for Tongshifu, a Chinese online crafts platform that specializes in decorative brass works.
MSPEA abandons China auto parts privatization
Morgan Stanley Private Equity Asia (MSPEA) has abandoned its $172 million bid, launched nearly a year ago, to acquire NASDAQ-listed power steering components supplier China Automotive Systems.