Articles by Winnie Liu
China AMTT Digital receives $6.5m Series B round
Beijing-based AMTT Digital Services Group, a hotel digital services provider, has received RMB40 million ($6.5 million) in Series B funding from China Merchants Capital and Shenzhen Green Pine Capital.
China mobile gaming payment firm secures Series B round
Bertelsmann Asia Investment (BAI) has participated in a Series B round of funding for Mo9, a Chinese online game and virtual products credit payment service provider, which also counts Sequoia Capital among its investors. The size of the round was not...
Chinese mobile retailer Xiaomi tipped for new round
Xiaomi, a Chinese smart phone brand founded by angel investor Lei Jun, is finalizing a new round of funding that is expected to value the company at $10 billion.
Media investor Bruno Wu to raise $500m PE fund
Chinese media entrepreneur Bruno Wu plans to raise a $500 million media-focused private equity fund. The vehicle will invest in small to medium-sized internet, digital media and e-commerce companies.
China’s Jiuding to launch mezzanine fund
China’s Kunwu Jiuding Capital plans to raise a renminbi-denominated mezzanine fund to provide local companies with debt solutions where pure equity is not appropriate.
NDRC stops registering domestic private equity funds
The National Development and Regulatory Commission (NDRC) is said to have stopped registering for domestic private equity funds, having lost out to the China Securities Regulatory Commission (CSRC) in the battle to become the asset class' preeminent regulator.
Qianhai: Beyond the hype
The Qianhai economic zone in Shenzhen is being primed as China's next global financial services hub, a place where private equity firms can raise local currency funds from overseas investors. How is it getting on?
CITIC Capital RMB fund backs China’s SF Express
A consortium comprising CITIC Capital, Suzhou-based Oriza Holdings and China Merchants Group has bought a 25% stake in China’s SF Express, a Shenzhen-headquartered express delivery services provider. Financial details were not disclosed.
IDG leads Series A for Chinese online game developer Ejoy
IDG Capital Partners has led in a Series A round of funding for Ejoy, a Chinese online gaming developer formed by former executives at NetEase Group. Financial terms were not disclosed but this latest investment brings the total capital raised by Ejoy...
Fidelity, F&H invest in Chinese video site Mtime
Fidelity Growth Partners Asia and F&H Fund Management, a China and Southeast Asia-focused investor, have provided a new round of funding for Mtime.com, a Chinese movie web portal. Tiger Global is also an investor in the company.
China Zenith Capital invests $16m in Qingdao Happy View Media
China Zenith Capital has committed RMB100 million ($16 million) in Series A funding to Qiangdao Happy View Media, which provides digital services to the hotel and leisure industry. The investment was channeled through its government-backed investment...
Baidu seals $1.85b 91 Wireless acquisition
Baidu has finalized its acquisition of NetDragon Websoft's 91 Wireless, a Chinese mobile app store and game operator, for $1.85 billion.
China hydropower firm buys 38% stake in VC-backed web directory
Zhejiang Fuchunjiang, a Chinese-listed hydropower equipment company, plans to buy a 38% stake in 2345.com, a web directory provider, from its majority shareholder Dongsheng Pang for RMB760 million ($124 million).
China's NetEase Capital invests in S-Game Series A round
China’s NetEase Capital has invested in a Series A round of funding for S-Game, a Chinese gaming developer, also known as Beijing Lingyoufang Network Technology. Details of the investment were not disclosed but it reportedly amounts to several million...
Kingsoft Cloud secures $20m Series A round led by DST's Milner
Kingsoft Cloud, a cloud computing unit of Hong Kong-listed Kingsoft Group, has received a Series A round of funding worth $20 million, led by Yuri Milner, founder of DST Partners.
Tiantu Capital makes the first investment via sixth RMB fund
China’s Tiantu Capital has committed RMB80 million (US$13 million) to Ganqishi, a Hangzhou-based Chinese cuisine food chain, for an undisclosed stake. It is the first investment from the VC firm's sixth renminbi-denominated fund.
Shenzhen lottery site 500wan.com eyes $150m US IPO – report
Chinese venture capital-backed local lottery website 500wan.com plans on raising at least $150 million through an IPO in the US later this year.
Citigroup names new COO
Citigroup has appointed Michael Borch as its new chief operating officer for corporate and investment banking (CIB) in Asia Pacific, replacing Christopher Laskowski who has been in the role since 2010.
TPG-backed Li Ning posts first half loss
Li Ning, the Chinese sportswear retail group backed by GIC Private and TPG Capital, has reported a net loss of RMB184 million ($30 million) in the first six months of this year, compared with a RMB44.3 million profit in the first half of last year.
Chinese online legal site receives $1.88m funding
Morningside Technologies, ZhenFund and Chinese angel investor Zhikang Dai have committed to a RMB11.5 million ($1.88 million) Series A round of funding for Legal.cn, a Beijing-based online legal services provider.
Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
Shenzhen Capital invests China’s Le Vision Pictures
Shenzhen Capital Group has invested in a Series A round of funding for Le Vision Pictures, the Beijing-based film making arm of online film and TV portal LeTV. Details of transaction were not disclosed but this latest investment bring to total amount...
GGV, Orchid Asia invest in China’s Beauty Plus
GGV Capital and investment group Orchid China have jointly participated in a Series A round of funding for a Shanghai-based cosmetics retailer Beauty Plus.The financial terms were not disclosed.
IFC, Invesco WLR lead Organica Water Series B round
WLR China Energy Infrastructure Fund (CEIF) - a private equity fund managed by Invesco WLR Private Equity - has taken part in a Series B round of funding for Organica Water, a global waste water treatment solutions provider, led by International Finance...