Articles by Winnie Liu
Fosun Kinzon Capital leads $25m round for US StyleSeat
Fosun Kinzon Capital, the Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $25 million Series B round of funding for StyleSeat, a US-based beauty services booking app.
Singapore payment platform Fastacash raises Series B round
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
FountainVest leads $32m round for China healthcare app
FountainVest Partners has led a RMB200 million ($32 million) round of funding for Xingren.com, a Chinese mobile app for doctors to communicate with patients. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
China's mobile advertising platform Mobvista raises $32m
Mobvista, a Chinese mobile content distribution platform, has raised RMB200 million ($32 million) in a Series B round of funding led by two industry funds managed by Haitong Kaiyuan Investment, the private equity arm of Haitong Securities.
Taiwan's Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.
Shunwei raises $1b for third China VC fund
Shunwei Captial Partners, a Chinese VC firm set up by Lei Jun, the founder of mobile phone brand Xiaomi, has closed its third US dollar-denominated VC fund at $1 billion.
Lei Jun, CEO offer to take China's YY private
YY, a VC-backed social networking platform in China, has received a take-private offer from its chairman Lei Jun and CEO David Li.
Sequoia exits Chinese luxury goods retailer Sparkle Roll
Sequoia Capital has sold its remaining stake in Sparkle Roll Group, a Hong Kong-listed Chinese retailer which sells branded luxury products such as cars, jewelry and wine, raising HK$120 million ($15 million).
Cathay Capital invests in European pharma firm Cenexi
Cathay Capital Private Equity has invested an undisclosed sum in Cenexi Group, a French pharmaceutical contract manufacturer.
Idinvest Partners launches $1b Sino-European fund
Idinvest Partners, a European PE firm that specializes in investments in small- and medium-sized enterprises (SMEs), has launched a EUR1 billion ($1.1 billion) cross-border investment fund to support European SMEs as they expand into Chinese markets....
Ping An VC unit leads $55m round for China luxury goods site
Ping An Ventures, the venture capital arm of Ping An Group, has led a $55 million Series E round of funding for Secco Holding, a Chinese luxury goods e-commerce platform.
Deal focus: Carlyle targets e-commerce supply chain
An estimated RMB12.3 trillion ($2 trillion) worth of goods were transacted online in China last year and gross merchandise value (GMV) will nearly double to RMB24.2 trillion over the next three years, according to consultancy iResearch. This has prompted...
China taxi app operator Didi Kuaidi raises record-breaking $2b
Chinese mobile ride-hailing app operator Didi Kuaidi has raised $2 billion in a round including new investors Ping An Ventures and Capital International Private Equity Fund. The transaction is understood to be the largest ever fundraising by a private...
China healthcare: The specialists
On the back of reforms and a rising consumer class, China's healthcare sector is expected to see huge growth. Sector specialists have emerged to capitalize on the opportunity. How can they differentiate themselves?
Joy Capital leads $60m round for Chinese vacation rentals site
Xiaozhu.com, a Chinese short-term rental site, has completed a Series C round of funding worth $60 million led by Joy Capital, a new VC firm spun-out from Legend Capital.
China auto after-sales services platform raises $60m Series C
Diandian Yangche, a VC-backed mobile app that focuses on automotive after-sales services in China, has raised a $60 million Series C round of funding from undisclosed investors.
Oriza, SF Express invest $80m in China Wi-Fi operator
Oriza Holdings and SF Express, a Chinese logistics company, have led an $80 million Series A round of funding for 100MSH, a start-up that provides public Wi-Fi networks to commercial operators.
Wanda, Tencent, CITIC Capital join $967m round for China travel site
Wanda Group, Tencent Holdings and CITIC Capital have participated in a RMB6 billion ($967 million) financing round for Tongcheng Network Technology, a VC-backed Chinese online travel agency.
Renren leads $50m round in China online finance site
Chinese social networking site Renren has led a $50 million Series B round for Shenzhen Jinfuzi Network Technology, a Chinese online wealth management platform.
Cathay Capital launches Sino-French innovation fund
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
IDG, DCM, NLVC commit $100m to China mobile office platform
IDG Capital Partners, DCM and Northern Light Venture Capital (NLVC) have participated in a $100 million Series D round of funding for Fxiaoke.com, a Chinese cloud-based mobile business management application.
DST executive joins China's Xiaomi as CFO
Chinese smartphone maker Xiaomi has appointed Shou Zi Chew, formerly a partner at DST Global, as its chief financial officer.
New Horizon, Addor Capital back China rural e-commerce play
New Horizon Capital and Addor Capital, a PE firm under Govtor Capital, have participated in a RMB500 million ($81 million) Series A round of financing for Huitongda, an online home appliance retailer that focuses on China’s rural areas.
China tech: From Beijing to the Bay Area
Chinese technology companies are becoming more interested in backing US start-ups, with some groups even building local teams in Silicon Valley. What does this mean for the start-up community?