Articles by Winnie Liu
China Everbright, Catalyst Equity to launch Israel-focused fund
China Everbright, an investment arm of Chinese conglomerate China Everbright Group, and Catalyst Equity Management, an Israeli-based private equity firm, have teamed up to establish a PE fund that will invest in Israeli companies.
Chinese digital magazine Viva receives $20m round
Viva, a Chinese digital magazine operator, has received a $20 million Series C round of financing from an undisclosed French investment institution. Minhong Yu, founder of Chinese education provider New Oriental, also participated in the round.
Fosun VC, ChinaRock back Shijiebang Series A round
Fosun Venture Capital Investment, Fosun Group’s VC arm, and US-based ChinaRock Capital Management have invested in a Series A round of financing for online travel site Shijiebang. Angel investor Jerry Yang, co-founder and former CEO of Yahoo, also participated...
Gaw Capital closes fourth China real estate fund above $1b
Gaw Capital Partners, the Hong Kong-based private equity real estate investor, has reached a final close on its fourth China real estate fund at the hard cap of $1.025 billion. It is the largest vehicle the firm has ever raised.
Q&A: Intel Capital's Arvind Sodhani
Arvind Sodhani, president of Intel Capital, explains his passion for wearable technology, why cleantech is now a turn-off, and how the group’s investment strategy tracks trends in innovation
Hony, Suning to take controlling stake in China’s PPTV for $420m
Hony Capital and home appliance retailer Suning Commerce - also one of the PE firm's portfolio companies - will buy a controlling interest in Chinese online TV provider PPTV for $420 million. The deal, which values PPTV at approximately $568 million,...
Chinese game developer Boyaa plans $133m HK IPO
Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...
CDH leads $20m round for movie ticket site Gewara.com
Existing investor CDH Investments has led a $20 million round of funding for Gewara.com, a Shanghai-based online movie ticket website.
CDH invests $3m in Chinese personal finance app Wacai
CDH Investments has committed $3 million in the latest round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer.
Qiming invests in traditional Chinese medicine business
Qiming Venture Partners has committed a Series A round of funding to Jun He Tang, a traditional Chinese medicine business. Financial terms were not disclosed.
Intel Capital unveils seven new Asia investments
Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...
IDG, CreditEase target online finance
CreditEase, the largest peer-to-peer (P2P) lender in China, has introduced a new twist to its relationship with IDG Capital Partners. Two-and-a-half years after becoming an IDG portfolio company, CreditEase has become a principal investor in an IDG-managed...
Nokia Growth leads Series D round for China's SolarVista Media
Nokia Growth Partners (NGP) has led a Series D round of investment for SolarVista Media, a Chinese outdoor billboard technology and media company. China Ease Management, existing backers Northern Light Venture Capital, Tuspark Ventures and FnH also participated....
CCBI PE unit invests in China Water Industry Group
The private equity unit of CCB International (CCBI), has invested HK$200 million ($26 million) in China Water Industry Group through a convertible bonds subscription.
Fosun VC leads Series B round for Chinese animation producer
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Beijing Dream Castle Culture, a Chinese animation producer. Existing backer GGV Capital also participated. Financial terms were not disclosed.
People’s Daily to buy Sequoia-backed online literacy platform
People.cn, a Chinese online newspaper run by state-owned People’s Daily, intends to purchase a 69.25% stake in Kanshu.com, an online book reading platform backed by Sequoia Capital, for RMB249 million ($40.8 million).
CIC, RRJ back China water treatment firm SIIC Environment
Singapore-listed Chinese water treatment firm SIIC Environment will raise a total of S$260.2 million ($209 million) by selling new shares to investors including China Investment Corporation (CIC), RRJ Capital and CCBI International.
IDG commits $40m to Peking Duck restaurant chain Quanjude
IDG Capital Partners has invested RMB250 million ($40 million) in Chinese catering chain Quanjude - best known for its Peking Duck dishes - for a 5.78% stake.
Fosun invests in Hong Kong-listed Goldpoly New Energy
Fosun Group has invested in Goldpoly New Energy Holdings, a Hong Kong-listed Chinese solar power station operator, by subscribing to a $50 million convertible bonds offering. China Orient Asset Management and US-based asset management firm York Capital...
GIC Private to anchor IFC Global Infrastructure Fund
Singapore sovereign wealth fund GIC Private has become an anchor investor in IFC Global Infrastructure Fund - a vehicle administered by the fund management arm of International Finance Corporation (IFC), IFC Asset Management Company (AMC) - which reached...
Goldman to raise up to $315m in Geely Auto sell down
Goldman Sachs Principal Investment Area, an investment unit of Goldman Sachs, plans to sell-down its entire stake in Hong Kong-listed Geely Automobile Holdings, raising up to HK$2.44 billion ($315 million).
Everbright Ashmore exits Chongqing shopping for 2.1x return
Everbright Ashmore has sold its investment in Chongqing shopping mall IMIX Park, making the second exit from the $153 million Everbright Ashmore China Real Estate Fund I.
China retail: Asset-heavy to asset-light
Facing competition from e-commerce platforms, China’s traditional offline retailers are moving online – and the ideal combination is a combination of the two. PE investors are seeking opportunity in the disruption
Singapore payment platform Fastacash receives Series A round
Fastacash, a Singapore-based social payments platform, has raised a $3 million in Series A round from Jungle Ventures, Spring Seeds Capital and Hong Kong-based Funding the Future (FTF).