Articles by Winnie Liu
Hony, TPG Growth invest in film studio
Hony Capital and TPG Growth, a middle market and growth equity investment arm of TPG Capital, have partnered with Hollywood producers Robert Simonds and Gigi Pritzker to set up a film studio.
GF Securities, Alpha Animation launch China media fund
GF Xinde Investment, an investment arm of Chinese broker GF Securities, has established a RMB100 million ($16 million) PE fund with Shenzhen-listed toy maker Guangdong Alpha Animation and Culture. It will invest in internet and media companies.
Shenzhen Capital leads $10m round for wearables maker
Shenzhen Capital has led a RMB60 million ($10 million) Series B round of funding for Codoon, a Chinese manufacturer of wearable electronic devices, with participation from CITIC Capital.
Tencent to buy 15% stake in JD.com ahead of IPO
Tencent Holdings has agreed to take a 15% stake in JD.com, China’s second-largest B2C e-commerce platform - which is backed by several venture capital and private equity firms - for $214.7 million.
China’s Hainan Haiyao to invest $20m in pharma-focused JV
China’s Hainan Haiyao, a Shenzhen-listed drug maker and distributor, plans to invest RMB122 million ($20 million) in a pharma-focused joint venture with several venture capital firms.
Fosun VC leads $20m round for China education firm Uniquedu
Uniquedu, a China-based education company, has raised a $20 million Series A round of funding led by Fosun Venture Capital Investment.
Jiuding Capital reaches $150m first close on US dollar fund
China’s Jiuding Capital has reached a $150 million first close on its second US dollar-denominated vehicle. Investors include sovereign wealth funds and insurance companies from North America and Asia.
Gaorong Capital leads $48m round for China's Avazu
Avazu, a Shanghai-based digital advertising firm, has raised $48 million in a Series A round of funding led by Gaorong Capital. An undisclosed US-based internet-focused private equity fund and a consortium of internet companies also took part in the round.
David Lin leaves CITIC’s Goldstone for Primavera Capital
David Lin has left his post as managing director at CITIC Goldstone Investment - the direct investment arm of China’s CITIC Securities - to join Primavera Capital as managing director at its Beijing office.
China ZJ Capital targets $50m co-investment VC fund
Zhijing Capital Management (ZJ Capital), a Shanghai-based early-stage VC firm, is seeking $50 million for its debut US dollar-denominated fund. The vehicle will make co-investments in Chinese start-ups.
DCM closes China VC Fund at $330m
Technology-focused venture capital firm DCM has closed its latest China-focused fund - DCM Ventures China Fund (DCM VII) - at $330 million, above the initial target of $250 million.
LP interview: Munich Private Equity Partners
Munich Private Equity Partners set up its first overseas office in Shanghai to demonstrate a commitment to Asian managers, with China at the fore. It is now seeking out local champions
China tech M&A: Money to burn
Chinese technology firms are becoming increasingly acquisitive, with certain players snapping up assets within months of going public. What is driving this change?
Fosun invests $325m in Beijing Sanyuan Foods
Chinese conglomerate Fosun International has acquired a 20.45% stake in Beijing Sanyuan Foods, a dairy products producer, for RMB$2 billion ($325 million).
Ventech Capital invests in China's Zhenpu Education
France-based Ventech Capital has provided a Series A round of funding for Beijing-based Zhenpu Education. Details of transaction were not disclosed but the investment size is above $10 million.
Indian Angel Network in UK start-up SwiftShift
The Indian Angel Network (IAN) has committed an undisclosed sum in London-based workforce management tool SwiftShift. This is the group's first UK investment.
China’s online pet store Boqii raises $25m Series B round
Boqii.com, a Chinese social network and e-commerce platform for pet owners, has secured $25 million in Series B funding from an undisclosed US-based investment firm, with participation from existing backer Goldman Sachs.
Warburg Pincus-backed Sunshine 100 eyes $310m HK IPO
Sunshine 100 China Holding, a Chinese property developer backed by Warburg Pincus, has launched its Hong Kong IPO, seeking up to HK$2.4 million ($310 million).
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.
Qiming leads $15m round for Chinese personal finance app developer
Qiming Venture Partners has led a $15 million round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, with participation from IDG Venture Partners and CDH Investments.
China Everbright, Catalyst raise $100m for Israel Fund
China Everbright and Israel-based Catalyst Equity Management have reached a first close of $100 million on a private equity fund that will invest in Israeli companies.
China to see PE fundraising rebound in 2014 – PwC
China is expected to see a significant rebound in private equity fundraising this year in response to the domestic IPO markets re-opening, according to PricewaterhouseCoopers(PwC). Meanwhile, renminbi-denominated fundraising will prevail as usual.
Linkedin to enter China, launch JV with CBC, Sequoia
Linkedin, a social media site for professionals has established a joint venture with Sequoia China and China Broadband Capital Partners (CBC Capital) to expand into the China market.
China’s SPD Bank launches PE exit consultancy service
Shanghai Pudong Development Bank (SPD Bank) has launched consultancy service for private equity firms to exit from their investments.