Articles by Winnie Liu
Delivery start-up Lalamove gets $10m bridge round
Lalamove, a Hong Kong-based delivery start-up, has received $10 million in funding from MindWorks Ventures, AppWorks and Crystal Stream Capital, as well as several individual backers.
Alibaba, Yunfeng, Sina launch sports business
Alibaba Group has set up sports unit alongside Chinese internet company Sina Corporation and Yunfeng Capital, a PE firm backed by Alibaba founder Jack Ma.
Deal focus: Qiming targets last-mile delivery
As e-commerce continues to grow in China, demand for last-mile delivery services that get the goods to the consumer on time and in good shape has yet to be fully addressed. While leading online food-ordering platforms, such as Ele.me and Baidu’s Waimai,...
US tech firms in China: Out of the comfort zone
The likes of Uber and Airbnb are looking for strategic partners to help them enter the China market. Can they do better than eBay and Amazon a decade ago, both of which were swamped by local competition
Uber CEO confirms China fundraising plans
Travis Kalanick, founder and CEO of ride-hailing app Uber, has confirmed that the company has raised $1.2 billion for Uber China, a dedicated unit set up to address the local market.
H Capital leads $30m round for China education site
China-focused venture capital firm H Capital has led a $30 million Series A round of funding for Lexue Education, an online education platform.
China Post Capital invests in Alibaba's Ant Financial
China Post Capital, an investment arm of postal service operator China Post Group, has purchased a minority stake in Ant Financial, Alibaba Group’s online financial services affiliate.
GGV leads $19m round for China AR toy maker
GGV Capital has led a RMB120 million ($19 million) round of funding for Neobear, a China-based company that develops interactive learning tools for children.
Tencent, Yunfeng back China social-networking site for doctors
Tencent Holdings and Yunfeng Capital have committed $40 million in a Series B round of funding to Medlinker, a Chinese social-networking platform for doctors.
Sequoia, Legend back Baidu’s education spin-out
Sequoia Capital and Legend Capital have invested an undisclosed sum in a Series A round of funding for Zuoyebang, a K-12 learning and teaching mobile app that spun-out from Chinese online search giant Baidu.
China’s HNA to buy PE-backed Avolon for $2.5b
Chinese aviation and shipping conglomerate HNA Group, has agreed to buy Avolon, a PE-backed aircraft leasing company, for approximately $2.5 billion.
Wanda Cinemas buys stake in VC-backed online ticketing site
China’s largest cinema operator Wanda Cinemas has acquired a 20% stake in Mtime Holdings, a Chinese online movie ticketing platform backed by several VC investors.
China second-hand car trading platform Chemao raises $188m
Chemao.com, a Chinese second-hand car trading platform, has raised RMB1.2 billion ($188 million) in a Series B round of funding led by Shenzhen-listed hydropower equipment maker Zhefu Holding Group.
Korean start-ups: Pursuing critical mass
A handful of Korean start-ups have achieved valuations in excess of $1 billion as investors look to leverage a mobile-centric consumer base. But how many unicorns can this market accommodate?
FountainVest backs China iKang Healthcare’s take-private
Chinese healthcare services provider iKang Healthcare Group has accepted a take-private offer from its founder in collaboration with FountainVest Partners.
PE-backed Focus Media finds new shell for backdoor listing
Private equity-backed Focus Media has found a new shell company – Shenzhen-listed communications equipment manufacturer Hedy Holdings – for its backdoor listing.
Qiming leads Series B for China goods delivery app
Qiming Venture Partners has led a Series B round of funding for Linjia.me, a Chinese mobile app that offers last mile delivery services.
JD Capital backs China’s Gaosi Education
China-focused GP JD Capital has invested in Gaosi Education, an educational and training service provider that focuses on primary and middle school students.
Tsinghua Holdings, Shengjing launch overseas VC fund-of-funds
Shengjing Group, a Chinese investment advisor, has partnered with Tsinghua Holdings to launch a $300 million fund-of-funds to invest in venture capital overseas.
Shanghai Pharma establishes $469m healthcare fund
Chinese drug maker Shanghai Pharmaceuticals Group has partnered with Shanghai Real Power Capital to launch a healthcare-focused fund with a target of RMB3 billion ($469 million).
JD Capital plans reverse merger with Shanghai-listed firm
China’s JD Capital, formerly Jiuding Capital, is seeking to list on Shanghai’s main board through a reverse merger with publicly-traded property developer Jiangxi Zhong Jiang Real Estate.
Intel Capital invests $60m in China drone maker Yuneec
Intel Capital has committed more than $60 million in Yuneec International, a Chinese drone manufacturer.
Good Resources commits $93m to finance Go Scale’s Lumileds deal
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kinming Cheng, has agreed to contribute $93 million to the PE-led acquisition of Lumileds, the LED components and automotive lighting unit of Dutch electronics...
Cathay invests in Chinese architecture consulting firm
Sino-French PE firm Cathay Capital has invested an undisclosed sum in China Construction Design International (CDDI), a private architecture and engineering consulting firm.