Articles by Winnie Liu
Australian LPs and domestic VC: Toe in the water
Australian super funds are showing renewed interests in domestic venture capital, supporting firms that offer flexible structures with co-investment opportunities. Can this approach work for all GPs?
Deal focus: Dianping-Meituan war reaches logical conclusion
Following the announced merger of Dianping and Meituan, further consolidation is expected in China's online-to-offline (O2O) services market
AngelList raises $400m from China’s CSC Group
Start-up funding platform AngelList has raised a $400 million early-stage focused fund from CSC Venture Capital, the US arm of private equity firm China Science & Merchants Investment Management Group, also known as CSC Group.
NLVC leads round for China-based English learning platform
Northern Light Venture Capital (NLVC) has led a $20 million Series B round of funding for VIPKID, a China-based English-language learning platform that targets primary and secondary school students.
CMC Capital Partners to raise $1b China media fund
China’s CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), is looking to raise $1 billion for a media-focused fund.
IDG leads $15m round for China healthcare start-up
IDG Capital Partners has led a $15 million Series A round for Zhangshang Tangyi, a Chinese start-up that is developing a health data tracking device and mobile app for people with diabetes.
Warburg Pincus, Embassy in $250m India warehousing JV
Warburg Pincus and Indian real estate developer Embassy Group has formed a joint venture to build industrial parks with warehousing facilities in key cities in India.
PE-backed Giant to re-list in Shenzhen via reverse merger
Chinese online game developer Giant Interactive Group, which was taken private last year by a consortium of PE investors in conjunction with the company’s CEO, is seeking to re-list in Shenzhen through a reverse merger.
China’s CreditEase reaches first close on Israel fund
CreditEase, a leading Chinese peer-to-peer (P2P) microcredit lender, has reached a first close of $30 million on its debut Israel-focused fund.
Golden Gate leads $3.3m Series A for Singapore's HipVan
Golden Gate Ventures has led a S$4.7 million ($3.3 million) Series A round for HipVan, a Singapore-based online store for designer furniture.
India’s Lighthouse reaches $138m final close on Fund II
Lighthouse Funds has reached a final close on its second Indian mid-market focused fund at $138 million, well above the $125 million target.
Australian design platform Canva raises $15m in Series A
Canva, an Australian online design platform, has raised $15 million in a Series A round of funding led by Felicis Ventures alongside existing investors Blackbird Ventures and Matrix Partners.
Q&A: OCBC's Daniel Kwan
The $392 million Lion-OCBC Capital Asia Fund I represents the first time OCBC has tapped third-party investors for a PE vehicle. Daniel Kwan, head of the mezzanine capital unit, explains the investment strategy
Fund focus: Vertex strengthens its global foothold
Vertex Venture Holdings will use its new $600 million allocation from Temasek Holdings to invest in Vertex family funds across the US, Israel and China
Deal focus: Monde Nissin develops a taste for Quorn
Monde Nissin's acquisition of Quorn Foods from Exponent Private Equity reflects the growing interest among Philippines conglomerates for overseas assets
PE-backed China Huarong launches Hong Kong IPO
Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from Chinese state-owned banks, is looking to raise up to $3 billion in a Hong Kong IPO.
ChinaEquity Group to list on New Third Board
ChinaEquity Group, a Beijing-based private equity firm, has won regulatory approval to list its renminbi investment business on China’s National Equities Exchange and Quotations (NEEQ), also known as the New Third Board.
SoftBank leads $1b round for Renren-backed US online lender
Japanese technology giant SoftBank Group has led a $1 billion Series E round of funding for Social Finance (SoFi), a Silicon Valley online lending marketplace also backed by China social networking site Renren.
CDIB Capital appoints Steven Wu as managing director
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), has appointed Steven Wu as managing director.
H&Q Korea to take full ownership of JobKorea in $85m deal
H&Q Korea plans to acquire the 50.1% of JobKorea - the South Korean operation of Monster Worldwide - that it doesn't already own for approximately $85 million.
China’s Tsinghua to invest $3.8b in Western Digital
China’s state-backed Tsinghua Holdings has agreed to pay $3.78 billion for a 15% stake in Western Digital, a US-based disk drive manufacturer.
Alibaba re-ups in India’s Paytm
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have made a further investment in Paytm, India's largest mobile payment and commerce platform.
China bus service start-up gets $31m from VCs
Dada Bus, a mobile-enabled provider of bus services in China, has raised RMB200 million ($31 million) from Northern Light Venture Capital (NLVC) and newly-established VC firm Jingqiao Capital.
Singapore VC: Redressing the balance
Singapore wants local companies to set up VC funds as a means of cultivating start-ups in a wider variety of areas. Can the right balance be struck between innovation and corporate agendas?