Articles by Tim Burroughs
EQT invests in Chinese facilities management business
EQT has acquired a 40% stake in China Shine, a facilities management service provider. The investment comes from the private equity firm’s Asia middle market fund.
Advantage exits Japan's Fasford to Fuji
Advantage Partners has agreed to sell Japan-based Fasford Technology – a semiconductor components supplier it carved out from Hitachi three years ago – to Fuji Corporation.
Qiming, Sequoia-backed CooTek files for US IPO
CooTek, a Chinese company that also goes by the name of Chubao and is best-known for the TouchPal smart phone keyboard, is seeking to go public in the US.
Chinese karaoke equipment supplier gets $29m Series B
Thunder Stone Technology, a Chinese karaoke equipment producer, has received nearly RMB200 million ($29 million) in Series B funding led by China Minsheng Investment Group.
Chinese online drugstore operator targets US listing
Chinese online pharmacy operator 111 Inc, which counts ClearVue Partners, Verlinvest and BioVeda Capital among its investors, has filed for an IPO in the US.
Openspace closes second SE Asia VC fund at $135m
Southeast Asia-focused VC firm Openspace Ventures – best known for being the first institutional investor in Indonesian ride-hailing and delivery platform Go-Jek – has closed its second fund at the hard cap of $135 million.
Crescendo hits $398m hard cap on second Korea fund
Crescendo Equity Partners, a mid-market Korean GP that concentrates on the industrial technology space, has closed its second fund at the hard cap of KRW450 billion ($398 million).
Wattle Hill bids for Australia's Capilano Honey, targets China growth
Wattle Hill RHC, a private equity firm that targets Australian businesses with products and services that appeal to Chinese consumers, has won board approval for a A$189.7 million ($138 million) privatization of honey producer Capilano Honey.
Walmart, JD.com commit $500m to China grocery delivery business
US retailer Walmart and its Chinese online counterpart JD.com have led a $500 million funding round for Dada-JD Daojia, a Chinese online grocery delivery service.
China's Koala Reading raises $20m Series B round
Beijing Xiangyue Education Technology, operator of the Koala Reading platform that assesses the difficulty of Chinese language texts and helps schools create digital libraries, has received $20 million in Series B funding.
IDG backs Chinese sports video streaming service
IDG Capital and government-backed Huiying Borun Investment have committed RMB500 million ($73 million) to iQiyi Sports, a newly established division of the Chinese video streaming platform that listed in the US earlier this year.
Chinese P2P lending player Dianrong gets $40m
Chinese peer-to-peer (P2P) lending business Dianrong has received $40 million in funding from Dalian Financial Industry Investment Group – a joint venture investment platform established by Orix Group and the Dalian city government – against a backdrop...
Tokio Marine agrees $163m sale of Japan's Izumi
Tokio Marine Capital has agreed to sell Izumi Products, a Japanese manufacturer of electric tools and home appliances, to Maxell Holdings and Development Bank of Japan (DBJ) for JPY18.2 billion ($163.5 million).
Yunfeng records $2.5b final close on third China fund
Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, has raised $2.5 billion for its third US dollar-denominated fund.
Chinese second-hand goods trading platform raises $65m
Sequoia Capital China has led an extended Series B round worth $65 million for Xiangwushuo, a Chinese online trading platform for second-hand goods. The company, which was founded as recently as 2017, has now raised $110 million in cumulative funding.
Legend Capital invests in talent agency CAA's China unit
Legend Capital has taken an equity interest in the China unit of Hollywood talent agency Creative Artists Agency (CAA), having facilitated a merger with Momentum Sports, a sports marketing and consulting business in which it is an investor.
Chinese electric car maker Xpeng raises $587m
Primavera Capital Group and Morningside Ventures have led a RMB4 billion ($587 million) Series B-plus funding round for Chinese electric car manufacturer Xpeng Motors, working alongside the company’s chairman and CEO, Xiaopeng He.
Q&A: iCapital Network's Lawrence Calcano
Launched in 2013 and backed by a string of placement agents, iCapital Network leverages technology to give high net worth investors access to alternatives. CEO Lawrence Calcano discusses the democratization of capital raising
China’s 51Zhaoyou gets $150m in Series C funding
Chinese B2B oil trading platform 51Zhaoyou.com has raised $150 million across two tranches of Series C funding.
PE and tech investment: The late show
Private equity firms are participating in late-stage rounds in Asia’s technology space as they look to gain a toehold in start-ups with the potential to transform economies. But do the valuations make sense?
China's Kemei Biotechnology raises $294m round
Legend Capital and Huaxing Healthcare Fund – a private equity arm of financial advisor China Renaissance – have led a RMB2 billion ($294 million) investment in Beijing Kemei Biotechnology, a Chinese in vitro diagnostics business.
Q&A: Future Fund's Raphael Arndt
Australia’s Future Fund is responding to disruption by investing in venture capital, factoring technology risk into investment decision making, and upgrading internal systems. CIO Raphael Arndt explains the rationale behind this approach
PE and tech investment: Forward planning
The growing influence of technology across every industry is forcing PE firms to review approaches to investment. Ensuring the right people have the right information sits at the heart of these efforts
Ex-TPG China chairman launches blank check company
Sing Wang (pictured), who was formerly co-chairman of Greater China at TPG Capital and head of TPG Growth in North Asia, is looking to raise up to $230 million for a blank check company through the US capital markets.