Articles by Winnie Liu
China’s KingYee, Quyiyuan raise combined $47m
Chinese mobile healthcare services provider Shanghai KingYee and its independent unit Quyiyuan - which operates a medical services booking app - have raised a combined RMB313 million ($47 million) in their latest rounds of funding.
CDH raises $1.2b via sell down of China-based WH Group
CDH Investments, the largest PE shareholder in WH Group, will raise HK$9.25 billion ($1.19 billion) by exiting a 10.6% stake in the Chinese pork processor.
China property financing platform Momfo raises $14m
Gobi Partners and Kaitai Capital have jointly led a RMB95 million ($14 million) Series A round of funding for Momfo, a Chinese property financing platform.
China’s Suning invests in VC-backed VR camera maker
Insta360, a Shenzhen-based virtual reality (VR) camera maker backed by several VC investors, has received an undisclosed sum of funding from Chinese electronics retailer Suning Commerce Group.
Cross-border consumer: The Korean wave
Driven by the popularity of music, TV dramas and beauty products, Korea’s cultural cachet has never been stronger. PE and strategic investors want to monetize the phenomenon, for as long as it lasts
China’s VIPKID receives investment from Bryant Stibel
VIPKID, an English-language learning platform that connects North American teachers with students in China, has received an undisclosed investment from Bryant Stibel, a new VC firm launched by retired NBA star Kobe Bryant and his partner Jeff Stibel.
Platinum buys Chinese manufacturing business
US-based Platinum Private Equity has agreed to acquire two Chinese manufacturing units from Singapore’s Broadway Industrial Group for S$150 million ($111 million).
TPG hires Ex-MSPEA executive as partner in Korea
TPG Capital has appointed Sanghoon Lee, formerly a managing director with Morgan Stanley Private Equity Asia (MSPEA), as a partner to lead the firm’s investments in South Korea.
Goldman, EastBridge buy majority stake in Korea’s Happycall
Goldman Sachs and South Korean mid-market focused PE firm EastBridge Partners have agreed to buy a majority stake in Korean cookware and kitchen appliances maker Happycall.
PE-backed consortium withdraws take-private bid for China’s Momo
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
China online finance site Lancai raises $24m
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.
Deal focus: Tutwo cuts out the middleman
CDIB Capital commits $30 million to China's Tutwo Outdoor to help its supply chain consolidation play
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China B2B food products platform secures $18m
You Pei Liang Pin, a Chinese B2B online food products supplier, has raised a RMB120 million ($18 million) funding round led by PE-backed online fresh-food retailer Yiguo and Chinese conglomerate GMK Group.
Deal focus: Bringing beauty to the masses
GGV expands its support of China's beauty-focused online commerce platforms with an investment in Xiao Hong Chun
China Post backs ride-hailing app Didi Chuxing
Didi Chuxing, China’s largest ride-hailing app operator which is set to acquire its rival Uber China, has received a strategic investment from China Post, a state-owned enterprise operating the official postal service in the country.
China’s K2VC closes $150m growth-stage RMB fund
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
China’s Douyu TV raises further $226m
Douyu TV, a Chinese online platform that features live videos of people playing games, has raised a RMB1.5 billion ($226 million) Series C round of funding led by Phoenix Investments and existing investor Tencent Holdings.
China female social networking site Meet You raises $151m
Meet You, a Chinese social networking platform for women, has completed a new round of funding worth RMB1 billion ($151 million), having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
China smart bike maker Tsinova raises $23m
Tsinova, a Chinese smart bicycle manufacturer, has closed a RMB150 million ($23 million) Series B round led by THG Ventures, a venture capital firm backed by state-owned Tsinghua Holdings.
China’s IDG to acquire 20% of France-based Olympique Lyonnais
China’s IDG Capital Partners has agreed to take a 20% stake in OL Groupe, the holding company of French football club Olympique Lyonnais, for a total of EUR100 million ($112 million).
China’s Tencent, PCCW invest in PE-backed STX Entertainment
China’s Tencent Holdings and Hong Kong-based telecom company PCCW have made equity investments in STX Entertainment, a Hollywood film and TV studio backed by Hony Capital and TPG Capital's growth arm.
China Huace invests $64m in VC-backed Xiao Hong Chun
China Huace Film & TV has acquired a 35% stake in Xiao Hong Chun, a Chinese VC-backed video e-commerce platform, for $63.85 million.
Sequoia leads $30m round for China’s Mining Lamp
Sequoia Capital China has led a RMB200 million ($30 million) Series B round of funding for Mining Lamp, a Chinese big-data solutions provider.