Articles by Alvina Yuen
CDIB sees 3x return on game developer deal
Online gaming is one of the fastest-growing segments in the tech sector. Global revenues reached $15.7 billion in 2010 and are expected to top $29 billion within four years. CDIB Capital is one of many private equity players to profit from this growth....
Tan-EU Capital acquires Chinese retail site
SOTAN China Real Estate I, the $400 million fund co-managed by Hong Kong-based real estate private equity firm Tan-EU Capital, has made its first China investment.
Noah launches China real estate fund
China's rapid economic expansion over the past decade has created a large pool of millionaires but onshore investment options remain limited. Those keen to avoid negative real interest on bank deposits, have traditionally put their money into stocks (at...
Thai hotels retain their charm
Foreign private equity firms are seeking opportunities in Thailand’s hotel industry, looking to leverage rising tourist numbers, an improving investment environment, and attractive entry prices
China's Fangda poaches Freshfields partner to lead HK office
Chinese law firm Fangda Partners has hired Freshfields litigation partner Peter Yuen to head up its new office in Hong Kong, which is set to open in June. This will be the firm's first location outside of mainland China.
PE-backed Haitong Securities raises $1.7b in Hong Kong IPO
Shanghai-listed brokerage Haitong Securities, China's second-biggest brokerage by assets, has raised HK$13 billion ($1.7 billion) in Hong Kong’s biggest IPO since December of last year.
CDB Capital raises $1.4b for fund-of-funds
CDB Capital, the fund management arm of China Development Bank, has reached a second close of RMB9 billion ($1.4 billion) for its new private equity fund-of-funds.
CDIB secures over 3x through WeMade exit
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has exited 80% of its investment in Korean online game developer WeMade Entertainment, realizing a money multiple in excess of 3x.
Hogan Lovells expands into Indonesia
Hogan Lovells has teamed up with Indonesia law firm Hermawan Juniarto as part of its strategy to develop a presence in the largest economy in Southeast Asia.
India's Future Supply Chain seeks PE funding
Indian logistics provider Future Supply Chains is seeking a second round of private equity funding in order to diversify its business into consumer-driven sectors.
MBK, Affinity runs for Korea Woongjin Coway stake – report
MBK Partners and Affinity Equity Partners are among the potential bidders for a minority stake in Korean water purifier company Woongjin Coway.
Has the China online video story run its course?
The merger of online video sites Youku and Tudou ensures market dominance, but they must still bring costs under control in a competitive environment. Investors are advised to sell up or stay out
Bamboo Finance backs Greenlight Planet in $4m round
Bamboo Finance has invested in Greenlight Planet, a manufacturer of solar-powered lanterns, in a $4 million funding round alongside existing investor P.K. Sinha, co-founder of ZS Associates.
Noah eyes $2.8b China real estate fund
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is seeking to launch a real estate fund worth as much as RMB18 billion ($2.85 billion). It will target cash-strapped developers who are seeking new sources of funding.
VC-backed DangDang's CFO resigns
Dangdang, the New York-listed Chinese e-commerce company, announced that its CFO Conor Chia-huang Yang is leaving the company for personal reasons.
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
InnoSpring launches US-China technology incubator
InnoSpring, Silicon Valley's first US-China technology incubator, began operations last week to support the expansion of US and Chinese start-ups beyond their home countries. The incubator also announced the establishment of its InnoSpring Seed Fund....
EMPEA: More than 50% of LPs to expand SE Asia footprint
Global LPs expect to increase commitments to emerging markets in the next two years, including less-penetrated areas such as Southeast Asia and Latin America, according to a survey released by the Emerging Markets Private Equity Association (EMPEA).
Unitus Seed Fund backs Indian rural distribution start-up
Unitus Seed Fund, a US-based VC firm that targets social start-ups, has invested in Chennai-based Villgro Innovation Marketing (VIM) in a seed series of funding alongside a group of angel investors.
NSSF to expand investments in state-owned enterprises
China's National Council for Social Security Fund (NSSF) will lift investments in state-owned enterprises (SOEs), Dai Xianglong, the fund’s chairman, said Thursday.
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
IFC lends $6.5m to Indian food logistics company
International Finance Corp. (IFC), the World Bank's investment arm, will lend $6.5 million to food supply chain Snowman Logistics, in a move to foster efficiency and organization in India’s logistics sector.
Manipal Hospitals to raise $29m from private equity
Manipal Hospitals, India’s third largest healthcare group, is seeking as much as INR1.5 billion ($29 million) from private equity firms for a minority stake in order to fund expansion.