Articles by Winnie Liu
GIC, Macquarie invest in Australian student accommodation
GIC Private and Macquarie Capital have formed a joint venture to acquire a majority stake in Australian student accommodation operator Iglu.
Bull Capital invests in Singapore-based IT security specialist
Bull Capital has bought a 41.67% stake in i-Sprint Group, a Singapore-based IT security service provider owned by Automated Systems Holdings, for $9.85 million.
Strategic imperative: Chinese corporates embrace PE
Corporate private equity arms are catching on in China as companies beyond the tech space develop an appetite for investment. What does it mean for the industry’s independent incumbents?
TAL Education invests $25m in VC-backed Babytree
TAL Education, a China-based after-school tutoring services provider, has acquired a minority stake in childcare website Babytree for RMB150 million ($25 million). The online baby nursing information provider secured previous investments from Matrix Partners,...
Suning acquires VC-backed group buying site Manzuo
Suning Commerce, a Chinese home appliance retailer, has acquired group buying site Manzuo.com. Transaction terms were not disclosed but the investment was said to facilitate a full exit for VC backer KPCB China.
Hong Kong-listed A8 commits to tech-focused Qingsong Fund
A8 Digital Music Holdings, a Hong Kong-listed media corporation, has committed RMB20 million ($3 million) to acquire an approximately 6% interest in Qingsong Fund II.
CICC, Qianhai Financial Holdings launch $3.3b PE fund
China International Capital Corporation (CICC) has teamed up with Qianhai Financial Holdings, a wholly-owned unit of the Administrative Bureau of Qianhai, to launch a private equity fund, targeting RMB20 billion ($3.3 billion).
Yunfeng Capital, Alibaba to buy CITIC 21CN for $171m
Yunfeng Capital and Alibaba Group together plan to buy a 54.3% stake in pharmaceutical data provider CITIC 21CN, a Hong Kong-listed subsidiary of Chinese conglomerate CITIC Group, for HK$1.33 billion ($171 million).
Fosun, Prudential to launch China real estate venture
Chinese financial conglomerate Fosun Group and Prudential Financial plan to launch a real estate joint venture aimed at investing in mixed-use development projects in urban centers in China.
Li Keping to replace Gao Xiqing as CIC president – report
China Investment Corp.(CIC) has reportedly appointed executive vice president Li Keping to succeed Gao Xiqing as vice chairman and president.
China IPOs: Incremental benefits
China’s securities regulator has introduced a registration-based IPO system designed to offer greater transparency. However, this does not mean an end to intervention in public markets processes.
Cogent promotes Jeffery Reece to director in Shanghai
Cogent Partners, a secondary market-focused investment bank, has promoted Jeffrey Reece to director in Shanghai.
Saif invests $30m in China fashion platform
Saif Partners China has committed $30 million in a Series C round of funding for Yoho, an online fashion magazine and e-commerce platform.
China's WestSummit raises $325m across two tech funds
Beijing-based growth capital firm WestSummit Capital has raised $325 million across two funds, comprising $225 million for West Summit’s Fund II and $100 million for its China Ireland Technology Growth Capital Fund.
China game developer Linekong secures $80m Series C round
China online gaming developer Linekong has raised $80 million Series C round of funding led by Fosun International. Other investors include Orchid Asia, Starwish Global, SAIF Partners and Profitable Century International.
Chinese industry group announces PE registration rules
The Asset Management Association of China (AMAC), a group set up by the China Securities Regulatory Commission (CSRC), has announced rules addressing domestic private equity firms' record management, operational standards and information disclosure.
MSPEA-backed Feihe International buys Alf Beta Dairy
Feihe International, a Chinese infant formula and milk power producer backed by Morgan Stanley Private Equity Asia (MSPEA), has acquired industry peer Jilin Alf Beta Dairy.
VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
Sequoia invests in China Angel Group hospital
Sequoia Capital has invested in a Series B round of funding for Angel Women’s and Children Hospital, a Chengdu-based hospital chain.
Microsoft Ventures backs 19 Asian start-ups
Microsoft Ventures, a corporate VC arm of Microsoft, has selected 19 Asian companies for the fourth batch of start-ups entering its Beijing-based accelerator program.
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
CDH chairman eyes China cross-border opportunities
Cross-border transactions will become increasingly prominent in China private equity deal flow as the country’s economy matures and domestic companies seek to expand overseas, according to Shangzhi Wu, chairman and managing director of CDH Investments.
SoftBank leads $120m round for Chinese app platform Wandoujia
SoftBank Corp. has led a $120 million Series B round of funding for Wandoujia, a Chinese Android mobile app platform. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated in the round.
BVCF supports anti-viral drug innovation
Since the discovery of RNA interference (RNAi), a natural mechanism for regulating gene expression, in the 1990s, billions of dollars have been invested by the world’s pharmaceutical giants in using this technology to develop therapeutic drugs. A particular...