Articles by Winnie Liu
Shanghai Chengtou commits to Hony's Fund VIII
Shanghai Chengtou Holding, a Shanghai-listed property developer which is also a portfolio company of Hony Capital, has committed RMB400 million ($62 million) to the GP’s latest China fund.
China GPs wary of inflated unicorns – AVCJ Forum
China has no shortage of technology unicorns with valuations in excess of $1 billion, but picking the right team to back requires careful assessment, China-focused GPs said at the AVCJ China Forum.
GPs focus on operational value-add in slowing China - AVCJ Forum
China's economic slowdown can create better investment opportunities for long-term private equity investors who are value-oriented and operationally focused, as entrepreneurs are becoming more receptive to the asset class.
Fund focus: Pfingsten stresses its Asia angle
US-based Pfingsten Partners raises $382 million for Asia manufacturing investments
Japan e-commerce: Shopping for fun
Mercari has become Japan’s first unicorn on the back of an innovative approach to e-commerce. Can the company blaze a trail for others to follow by replicating its domestic success overseas?
China VC-backed online campus store 8Dol raises $30m
8Dol.com, a Chinese campus O2O services provider backed by several VC investors, has raised an extended Series B round worth RMB200 million ($30 million) led by Longrich, a Chinese cosmetics company.
China's LeTV raises $153m for cloud-computing unit
LeTV Cloud, a cloud-computing service platform owned by Chinese online video company Leshi Internet Information & Technology (LeTV), has raised RMB1 billion ($153 million) from state-owned Chongqing Industrial Investment Fund.
Guo Jin leads $15m round for China education platform
Guo Jin Capital, a Shenzhen-based early-stage VC firm, has led a RMB100 million ($15.3 million) Series B round for ABC360, an online English learning platform.
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Cybernaut China hires ex-IBM executive, launches M&A fund
China-focused PE firm Cybernaut has hired Matt Wang, formerly a vice president at IBM, as president and announced the launch of a RMB60 billion ($9 billion) M&A fund.
Legend leads $30m round for China cloud services provider
Legend Capital has led a $30 million Series C round of funding for Haizhi, a China-based cloud computing service provider.
China PE regulation: Operation good guys
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
Kings of content: Investors target China media
From Alibaba Group to Wanda Group, Chinese companies are looking to tighten their hold on the media value chain, moving upstream and downstream. Private equity can profit from this evolving ecosystem
China cloud technology start-up Transwarp secures $24m
Transwarp Technology, a Chinese big-data technology developer, has raised a RMB155 million ($24 million) Series B round of funding from domestic investors including Shanghai Real Power Emerging Industry Funds and Shenzhen Capital Group.
Shunwei leads round for China legal services platform
Shunwei Capital Partners has led a Series B round of funding for Kuaifawu.com, a Chinese legal services platform that targets at small-and medium-sized enterprises (SMEs).
Wanda Media to raise $1.5b ahead of domestic listing
Chinese conglomerate Dalian Wanda Group is seeking to raise RMB10 billion ($1.5 billion) from domestic investors for its film and TV production division – Wanda Media – ahead of a planned onshore listing.
China logistics provider Tian Tian Express raises $92m
Tian Tian Express, a Chinese courier service firm, has raised a RMB600 million ($92 million) Series A round of funding led by domestic private equity vehicle CICC Qianhai Development Fund.
Ex-Khosla partner raises $200m for cross-border tech fund
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
Tsinghua Unigroup abandons plan to invest in Western Digital
China’s Tsinghua Unigroup has scrapped its plan to invest in US-based disk drive manufacturer Western Digital after the US regulators decided to investigate the deal.
Warburg Pincus joins $220m Series B round for D&J China
D&J Industrial Property, a Chinese business park developer co-founded by Warburg Pincus, has raised $220 million in a Series B round of funding.
China salvage car auction platform Fairlubo raises $45m
Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
Australia VC: Policy power
Australia’s innovation agenda is intended to serve as the foundation stone of a technology-driven economy. Do the promises made to start-ups address areas where they want to see change?
TCL, Tsinghua Unigroup launch $1.5b China M&A fund
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).