Articles by Winnie Liu
PE-backed WH Group scraps HK IPO plan
WH Group, the PE-backed Chinese meat processing company that bought US pork producer Smithfield Foods, has abandoned its HK$41 billion ($5.3 billion) Hong Kong IPO.
China’s Harvest Capital closes second offshore fund at $300m
Harvest Capital, formerly Sino-Can Harvest Capital (SCHC), has closed its second US dollar-denominated fund – Great China Motivation Fund Phrase I – at $300 million.
China reverse mergers: In through the out door
With China IPOs still stuttering, a number of private equity investors in need of an exit have opted to go public through reverse mergers. Is the risk-reward good enough for this to become the normal?
Profile: Khosla Ventures' Andrew Chung
Andrew Chung, a partner of Khosla Ventures, passed up a chance at becoming a Hong Kong pop star for a career in VC investing. Now he is helping start-ups commercialize new energy technologies in Asia
Warburg supports Liepin's O2O expansion
Emboldened by a $70 million Series C round of funding led by Warburg Pincus, differentiation is now Liepin.com's top priority. The Chinese online recruitment services provider must set itself apart from rivals such as NASDAQ-listed 51job and Zhaopin.com.
Alibaba, Yunfeng invest $1.2b in Youku Tudou
Alibaba Group and Yunfeng Capital will acquire a combined 18.5% stake in Youku Tudou, a US-listed Chinese online video firm, for $1.22 billion.
Actis invests in Chinese biscuit maker
Emerging markets investor Actis has taken a minority stake in Jiashili Food Group, one of China’s biggest biscuit companies, for an undisclosed sum.
Kunming Pharma, Ping An PE launch healthcare M&A fund
Shanghai-listed Kunming Pharmaceutical Corp. has partnered with a direct investment arm of Ping An Securities to set up a healthcare-focused M&A fund, with a target of RMB500 million ($80 million).
DT Capital invests $19m in China decorating company
China-focused PE firm DT Capital Partners has invested RMB120 million ($19 million) in Zhejiang Yasha Decoration, a Shenzhen-listed building design and decorating company.
KKR boosts Capstone's China capabilities
KKR has appointed Matthew Chang as a managing director in its Capstone unit. He will lead the PE firm’s engagement with its portfolio companies in China.
SingTel Innov8, Foxconn back Singapore's KAI Square
KAI Square, a Singapore-based video analytics firm, has obtained S$4 million ($3 million) in Series B funding from Foxconn Technology Group and SingTel Innov8.
China’s JD Capital approved to trade on OTC board
JD Capital, formerly Jiuding Capital, has won regulatory approval to list on China’s over-the-counter (OTC) board.
China to open up infrastructure for private investment
China will open up 80 infrastructure projects for private capital, allowing financial investors to play a greater role in what remains a largely state-controlled sector.
ZhenFund invests $1.6m in China robot education school
China-focused early-stage investor ZhenFund has committed RMB10 million ($1.6 million) in seed funding to Roborobo, a China-based robot teaching school.
Fosun launches VC arm in Silicon Valley
Chinese conglomerate Fosun International has launched a venture capital arm operated in Silicon Valley. The firm, Kinzon Capital, has received $100 million from Fosun to invest in US-based start-ups.
Trustbridge joins round for China food ordering site Meican
Meican, a Chinese food ordering platform, has received an undisclosed sum in follow-on funding from Trustbridge Partners to complete a Series B round of funding.
China encourages PE to provide rural financing
China is encouraging private equity and venture capital firms to participate in rural financing, as a means of supporting rural development and lifting the economy.
PE-backed WH Group to scale back Hong Kong IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is set to reduce the size of its Hong Kong IPO size and delay pricing of the deal.
US-based Weebly secures $35m from Tencent, Sequoia
Tencent Holdings and Sequoia Capital have invested $35 million in a Series C round of funding for Weebly, a US-based web-hosting services provider.
China's ClearVue leads round for Japanese-style restaurant chain
ClearVue Partners has led a $10 million round of funding for Akasakatei, a Japanese cuisine restaurant chain in China.
New Horizon leads $70m Series C for Arrail Dental
New Horizon Capital has led a $70 million Series C round of funding for Arrail Dental Clinic, a Beijing-based dental service provider.
VC-backed Chukong files for US IPO
Chukong Holdings, a Chinese mobile game developer backed by several VC investors, is planning to raise up to $150 million through a US IPO.
Perfect World joins consortium for Shanda Games take-private
Chinese online game developer Perfect World has joined a consortium of investors seeking to privatize its rival Shanda Games in a deal that values the company at $1.9 billion.
PE-backed IMAX, TCL form JV with Wasu Media
IMAX has teamed up with TCL Multimedia Technology to form a joint venture with Wasu Digital Media, a Chinese digital content provider, as part of their home theater initiative.