Articles by Winnie Liu
CMIG to create $15b One Belt One Road fund
China Minsheng Investment Group (CMIG), the largest privately-held investment group in China, has initiated a new fund that could raise up to $15 billion for investment in overseas projects under the government-backed "One Belt One Road" initiative.
Hony ups stake in Australia’s Santos
Chinese private equity firm Hony Capital has invested A$184.3 million ($136.8 million) to increase its minority stake in Australia-listed oil and gas supplier Santos.
DBAG sells Romaco Group to Chinese strategic
German PE firm Deutsche Beteiligungs AG (DBAG) has agree to sell its entire stake in packaging and processing technology specialist Romaco Group to China-based mechanical engineering company Truking Group.
NetEase raises $23m for pig farm business
China local services platform Meituan-Dianping and Sinovation Ventures have jointly led a RMB160 million ($23m) Series A round for Weiyang, a pig farm business unit owned by Chinese internet firm NetEase.
Baidu Capital leads $156m round for China’s Huochebang
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led the $156 million second tranche of a Series B round for Huochebang, a Chinese B2B-focused online truck logistics platform.
Chinese universities and technology: Making a market
While US universities use licensing to commercialize technologies, their Chinese peers play a more active role in cultivating start-ups because the country has yet to develop a supporting ecosystem
Temasek, Yunfeng lead $75m round for contract genomics player
Temasek Holdings and Chinese PE firm Yunfeng Capital have jointly led a $75 million Series B round for Wuxi NextCode, a genome sequencing analysis subsidiary of China-based contract research organization (CRO) WuXi PharmaTech.
China ride-hailing app operator Didi raises $5.5b
Chinese ride-hailing app operator Didi Chuxing, which is backed by an assortment of private equity and strategic investors, has raised $5.5 billion in a fresh round of funding.
CDIB invests in South Korean skincare company
CDIB Capital, the private equity arm of Taiwan’s China Development Financial, has invested an undisclosed sum in L&P Cosmetic, a skincare company based in South Korea.
Banyan leads round for China education courses platform
Banyan Capital has led a Series A round of funding for Lizhiweike, a Chinese online education mobile platform, with participation from existing investor GSR Ventures.
China co-working space operators UrWork, New Space merge
UrWork, a Chinese VC-backed co-working office space provider, has agreed to merge with its industry peer New Space. The combined entity will be worth RMB9 billion ($1.3 billion).
Oriza Seed leads $25m Series A for Shanghai biotech firm
Oriza Seed Venture Capital, an early-stage and growth-stage investment unit under China’s Oriza Holdings, has led a $25 million Series A round for EpimAb Biotherapeutics, a Shanghai-based biopharmaceutical firm.
China's sharing economy: The peer effect
Bicycle-sharing is following the lead of ride-hailing in China – with start-ups consuming large amounts of capital in a battle for market share. What does it say about the broader sharing economy opportunity?
China’s Yi Capital closes $116m VC fund
Yi Capital, a Beijing-based VC firm founded by two former partners at CDH Investments, has closed its debut renminbi-denominated fund at RMB800 million ($116 million).
Source Code closes third China VC fund at $260m
Source Code Capital, a Chinese VC firm founded by Yi Cao (pictured), a former partner at Sequoia Capital, has closed its third US dollar-denominated technology fund at $260 million.
Antony Leung's New Frontier backs Shenzhen medical group
New Frontier, a private equity firm co-founded by Antony Leung (pictured), formerly Hong Kong's financial secretary, has invested in Best Unimed Medical Group, a Shenzhen-based third-party physicians group.
Addor Capital leads $12m round for China’s Yeecall
Addor Capital has led a $12 million pre-Series B round for Yeecall, a Chinese mobile app that allows users to make free voice and video calls, with participation from existing investors including Sinovation Ventures.
Haiyin Capital, NCET2 form Sino-US VC fund
China's Haiyin Capital and the US-based National Council of Entrepreneurial Tech Transfer (NCET2) have jointly launched a VC fund to provide capital to start-ups formed at American universities.
Ex-KPCB China executive Wei Zhou launches new VC firm
Wei Zhou (pictured), formerly a managing partner at KPCB China, has launched a new VC firm – China Creation Ventures – and closed his debut renminbi-denominated fund at RMB1.5 billion ($220 million).
Hony’s Best Food backs Vietnamese restaurant chain
Best Food Holding, a Hong Kong-listed food and beverage platform established by Hony Capital, has invested an undisclosed sum in Shenzhen Yuepin, a restaurant chain specializing in Vietnamese cuisine.
CMC forms partnership with Hollywood talent agency CAA
China media-focused private equity firm CMC Capital Partners has acquired a minority stake in Hollywood talent agency Creative Artists Agency (CAA) for an undisclosed sum.
China credit assessment platform Wecash gets $80m
Wecash, a Chinese financial technology company that provides credit evaluations online, has completed an $80 million Series C round jointly led by China Merchants Venture Capital, Forebright Capital and SIG Asia.
Q&A: CITIC Private Equity's Feng Zhai
CITIC Private Equity has sought to differentiate itself from other Chinese GPs with an operations-driven buyout strategy. Feng Zhai, managing director and head of the portfolio management team, explains the approach
Deal focus: Freightos looks to take shipping digital
GE Ventures leads a $25 million round for Freightos, giving the Hong Kong-based logistics software specialist dry powder to build out its price information marketplace for freight forwarders