Articles by Winnie Liu
WeWork to acquire Singapore's VC-backed Spacemob
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea....
China's Gu Sheng Tang raises $150m in equity, debt funding
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised RMB1.01 billion ($150 million) in a Series D round comprising RMB510 million in equity and RMB500 million in debt.
Deal focus: Momenta brings brains to self-driving cars
Fast-rising autonomous driving software developer Momenta started signing up paying customers for its products within a year of launch. The company's $46 million Series B round will help it take the next step
Alibaba's Tmall leads $300m round for PE-backed Yiguo
Tmall, Alibaba Group’s B2C e-commerce unit, has led a $300 million Series D round for Yiguo.com, a PE-backed Chinese grocery shopping platform. This is the fourth time an Alibaba entity has invested in the company.
Goldman backs China food delivery platform Meican
Goldman Sachs Investment Partners has participated in a Series D round of funding for Meican.com, a Chinese online food delivery services platform that targets the corporate market.
GIC leads $220m Series D for China's Dianrong
Chinese peer-to-peer (P2P) lending platform Dianrong.com has raised a $220 million Series D round led by Singapore’s GIC Private.
Deal focus: Liulishuo bridges the learning gap
China's Liulishuo wins $100 million in funding for an adult-focused education app that uses artificial intelligence to bring customized teaching solutions to English language learners
Blue Lake reaches $120m first close on China VC fund
Blue Lake Capital, a China-focused VC firm led by two former GGV Capital and Sequoia Capital executives, has reached a first close of more than $120 million on its second early-stage fund. The full target is $200 million.
Warburg Pincus to buy stake in Chinese mutual fund business
Warburg Pincus is set to acquire Société Générale's (SocGen) 49% interest in Fortune SG Asset Management, a Sino-foreign mutual fund joint venture with China’s Baosteel Group.
China First Capital to acquire Korean online education platform
Hong Kong-listed investment group China First Capital plans to acquire 54% of SJW International, a Korea-based online video English training platform, for about $135 million.
Fosun, Sanyuan to buy margarine maker from European GP
Chinese conglomerate Fosun Group has teamed up with Beijing Sanyuan Foods to buy French margarine maker St Hubert from Montagu Private Equity for EUR625 million ($734 million).
China's Xiaomi confirms $1b debt deal
Chinese PE-backed smart phone maker Xiaomi has raised a new $1 billion loan to support global expansion and the build-out of its offline retail network.
Joy Capital leads $105m round for China's Shopex
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has led a RMB700 ($105 million) Series D round for Shanghai ShopEx Network Technology, an e-commerce software and services provider.
Hony, SoftBank commit $500m to WeWork China unit
US-based co-working space operator WeWork has raised $500 million from investors led by Hony Capital and Japan’s SoftBank to create a dedicated Chinese entity as part of efforts to compete with local rivals.
IDG co-leads round for China security software developer
IDG Capital and CASH Capital, the VC arm of the state-owned Chinese Academy of Sciences Holdings, has co-led a RMB100 million ($15 million) Series B round for Hansight, a Beijing-based cybersecurity company.
China-based English language learning app secures Series C
CMC Capital Partners and Wu Capital – a Beijing-based family office for Longfor Properties – have jointly led a Series B round of funding for Liulishuo, a language learning app powered by artificial intelligence (AI).
Chinese financial tech firm Qiancheng gets $30m
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
China's VC-backed DotC United raises $350m Series B
Chinese mobile app publisher and developer DotC United, which is backed by several VC investors, has raised a Series B round of funding worth $350 million.
Chinese self-driving car start-up Momenta raises $46m
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
IDG leads $50m round for China online pet store
IDG Capital has led a Series B round of funding worth $50 million for Epet.com, a Chinese e-commerce platform that sells pet-related food products and other services.
Sequoia, Mission back Singapore's One Championship
One Championship, a Singapore-based mixed martial arts (MMA) organization, has secured a new funding round led by Sequoia Capital India and Mission Holdings – an investment vehicle owned by billionaire Saurabh Mittal.
China self-service karaoke booth operator raises $15m
Xingtang MiniKTV, a three-month-old Chinese start-up that operates self-service karaoke booths, has raised $15 million across three tranches of funding.
China smart convenience store operator raises $19m
Xiaomai, a Chinese cashier-free convenience store operator much like US-based Amazon Go, has secured RMB125 million ($19 million) in funding led by Aplus Fund and Chenshan Capital.
Deal focus: Naked Hub scales up for WeWork challenge
Asian co-working space operators Naked Hub and JustCo have decided to join forces to fend off competition from WeWork, a US-based sector leader now encroaching on the regional market. As a joint expansion program rolls out, pricing control will be a key...