Articles by Winnie Liu
VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
Abraaj to exit Pakistani utility to Shanghai Electric for $1.77b
The Abraaj Group has agreed to sell a 66.4% stake in Pakistani utility K-Electric to Shanghai Electric Power (SEP), a subsidiary of China's State Power Investment Corporation, for $1.77 billion.
China smart home device maker Orvibo raises $16m
Orvibo, a Shenzhen-based smart home device maker, has secured a RMB110 million ($16 million) Series B round of funding led by A-share listed electronics manufacturer Topband.
BlueRun closes $500m China early-stage VC fund
BlueRun Ventures has closed its latest China-focused fund - comprising US dollar and renminbi-denominated tranches - with more than $500 million in aggregate commitments.
China credit card management app U51 raises a further $84m
U51.com, a Chinese credit card management mobile app, has secured $84 million in an extended Series C round from Chinese asset manager Harvest Global Investments and department store operator Intime Retail Group.
China fundraising: Joining forces
The Everbright-IDG Industrial Fund is one example of investors joining forces to address the investment opportunities created by China's evolving economy. Are two heads really better than one?
China Everbright to receive investment mandate from NSSF
China Everbright (CEL), the Hong Kong-listed multi-platform asset manager backed by state-owned China Everbright Group, is set to receive a separate account mandate from the National Council for Social Security Fund (NSSF), China’s largest pension fund....
JD Finance leads $30m round for China's Microseer
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has led a $30 million Series B round for Microseer, a Shanghai-based human resources and IT outsourcing services start-up.
China's Zhongji buys UK game developer from PE investors
Shanghai-listed Zhongji Investment Holding has won shareholder approval to acquire UK-based Jagex Games Studio, the VC-backed developer of online role-playing game "RuneScape," in a deal worth RMB1.63 billion ($240 million).
Sequoia to invest $52m in China's Gopher Asset Management
Sequoia Capital China has agreed to invest RMB348 million ($51.7 million) in Gopher Asset Management, the alternative asset management unit of China’s Noah Holdings.
Walmart commits $50m to JD.com's delivery platform
US-based retailer Walmart has made a $50 million strategic investment in New Dada, a Chinese online grocery and delivery platform part-owned by JD.com.
New Horizon leads $37m Series B in China AR toy maker
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.
VC-backed Tujia acquires Ctrip, Qunar's homestay assets
Chinese vacation rental platform Tujia, which has several VC and PE investors, has acquired the homestay businesses of travel websites Ctrip and Qunar, strengthening its already dominant position in China’s accommodation sharing market.
Everbright-IDG fund invests $297m in China UnionPay Merchant
China Everbright (CEL) and IDG Capital Partners have acquired a 9.3% stake in China UnionPay Merchant Services (UMS), a third-party payment provider, for RMB2 billion ($297 million).
Chinese entrepreneurs: Under pressure
The health tolls of the entrepreneurial lifestyle and its effect on founders' lives and performance are an increasing source of concern for China's VC investors
China B2B liquor platform Yijiupi raises $100m Series C
China-based B2B liquor-trading platform Yijiupi has raised a $100 million Series C round led by existing investor Greenwoods Asset Management.
Redpoint closes debut China VC fund
Redpoint Ventures, a US early-stage venture firm, has closed its debut China VC fund at $180 million.
CDIB leads round for Taiwan image-recognition start-up
Viscovery, a Taiwanese cloud-based image-recognition technology start-up, has raised $10 million in an extended Series A round led by China Development Industrial Bank (CDIB), a subsidiary of China Development Financial Holding.
Carlyle finds new buyer for Taiwan's EBC
Taiwan Optical Platform, a local telecommunication services provider, plans to acquire a majority stake in Eastern Broadcasting (EBC), a leading TV station in Taiwan controlled by The Carlyle Group, for NT$11.12 billion ($351 million).
Indian news app Dailyhunt raises $25m
Indian online news aggregator Dailyhunt has raised a $25 million Series D round led by ByteDance, a Chinese VC-backed online content provider.
Hillhouse, Warburg, Tencent lead round for China's Mobike
Shanghai-based bike rental service start-up Mobike has raised a Series C round of funding led by Hillhouse Capital, Warburg Pincus and Tencent Holdings.
China GPs see window of opportunity to work with corporates on outbound M&A - M&A Forum
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
China's Baidu launches $3b technology fund
Chinese search giant Baidu has established a RMB20 billion ($3 billion) investment fund, called Baidu Capital, to target mid- and late-stage deals in the internet industry.
China K12 education platform Xuele raises $200m Series C
Xueleyun, a Chinese education platform, has raised a $200 million Series C round led by China-based PE firm New Horizon Capital. Existing investors GSR Ventures and Huaxin Shiji Investment also participated in the round.