Articles by Winnie Liu
Jiuding-backed Sino Great Wall lists in Shenzhen via reverse merger
Sino Great Wall International, a Chinese interior decorating contractor backed by JD Capital, plans to list on the Shenzhen Stock Exchange through a reverse merger with Victor Onward Textile Industrial.
China online finance: Money to the masses
The rise of peer-to-peer lending businesses in China is good for small companies that can't get bank financing and VC firms looking to ride the next wave. But concerns remain over regulation and reliability
Levin Zhu resigns as CEO of CICC
Levin Zhu, son of former Chinese premier Zhu Rongji, has resigned as CEO and chairman of the management in China International Capital Corporation (CICC) after 16 years.
Bain leads $18m investment in Korean car-sharing service
Bain Capital has led a KRW18 billion ($18 million) Series A round of funding for Socar, a Korean car sharing company.
SoftBank to buy VC-backed online video site DramaFever
Japanese telecom giant SoftBank has agreed to buy DramaFever, a streaming video service that specializes in Korean TV shows and movies. Financial details were not disclosed.
Tencent leads $100m round for Chinese medical service platform
Tencent Holdings has led a $100 million round of funding for Guahao.com, a Chinese healthcare information portal.
Intel invests in China cloud communication service Gotye
Intel Capital, the corporate investment arm of the US chipmaker Intel Corp, has invested an undisclosed sum in Gotye.com, a Shanghai-based start-up that provides cloud communication technology solutions.
Bertelsmann Asia launches angel fund in China
Bertelsmann Asia Investments (BAI), the Beijing-based investment arm of German media giant Bertelsmann, has launched a new angel fund to focus on seed-stage investments in China.
China’s Xiaomi commits $14m to GPS firm Careland
Chinese VC-backed smart phone maker Xiaomi has invested RMB84 million ($14 million) in Careland Information System, a Shenzhen-based GPS mapping technology developer.
Hony Capital acquires Shanghai Yangsi Hospital
Hony Capital has acquired Shanghai Yangsi Hospital, the largest privately-owned hospital in Shanghai. The deal size was not disclosed but it is said to amount to hundreds of millions of renminbi.
Alibaba invests $50m in US TV remote app Peel
Alibaba Group, China's largest e-commerce player, has invested $50 million in Peel Technology, a California-based start-up that has developed a TV remote control mobile app.
Sun Hung Kai invests in China P2P lending site Dianrong
Sun Hung Kai & Co.(SHK), a leading Hong Kong financial institution, has invested in a Series B round of funding for Chinese peer-to-peer (P2P) lending service Dianrong.
CVC to raise $80m via Jintian Pharma share sale
CVC Capital Partners will raise HK$620 million ($80 million) through a block trade of shares in Jintian Pharmaceutical Group, a Chinese pharmaceutical retailer and distributor.
Foxconn VC invests $98m in Taiwan Mobile
Hongyang Venture Capital Investment, a corporate investment arm of electronics manufacturer Foxconn Technology Group, has invested NT$2.98 billion ($98 million) in local telecom operator Taiwan Mobile.
Google Capital in debut China VC investment
Google's discomfort at the growing level of censorship imposed on US internet players by the Chinese authorities after 2008 saw the company withdraw from the M&A scene. There were no deals at all until last week, when Google Capital – a $300 million...
SCPE ready to bet big on Vietnam
Private equity investors have committed an annual average of $364 million to Vietnam-based companies over the past 10 years. In the space of three weeks, Standard Chartered Private Equity (SCPE) alone has deployed over one third of this total.
Club Med board endorses improved Fosun buyout offer
The board of directors of Club Méditerranée (Club Med), the France-based vacation resorts operator, unanimously recommended that shareholders should accept an improved takeover bid from Chinese conglomerate Fosun International and its partners.
IFC to invest $100m in India’s Bilt Paper
International Finance Corporation (IFC) has agreed to acquire a 14.29% stake in Bilt Paper, a subsidiary of Indian paper manufacturer Ballarpur Industries, for $100 million.
VC-backed Chinese car rental firm eHi files for US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has filed for an IPO on the New York Stock Exchange (NYSE).
Shaw Kwei invests $17m in Singapore marine logistics firm
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has paid $17 million for a 60% stake in Singapore marine logistics firm Amos International.
GGV, Tencent invest $13m in US tracking device maker
Tile, a US start-up that makes devices used to track lost items, has raised $13 million in funding from China-based investors.
VIDEO: Yilu Zhao of Qunar
Many VC-backed start-ups are cautious about accepting strategic capital due to concerns that these large investors will exert too much influence, particularly in terms of a potential public market exit. Yilu Zhao, chief strategy officer at Chinese travel...
Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
China QFLP funds: Back from the brink?
Moves by Japan’s Nomura Asset Management and Singaporean lender OCBC to enter Chinese private equity through the Qualified Foreign Limited Partnership program are unlikely to spark a broader revival