Articles by Winnie Liu
LP interview: ROC Partners
Having created the largest Asia-focused fund-of-funds as a division of Macquarie, Michael Lukin and his team spun out two years ago to form ROC Partners. Secondaries and co-investments are the areas of focus
Focus Media set for $7b reverse merger in Shenzhen - update
Shenzhen-listed Jiangsu Hongda New Material will acquire Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors and company management, for RMB45.7 billion ($7.37 billion), paving the way...
Mandarin, Zoomlion to buy Italian water treatment firm
Mandarin Capital Management (MCP) has teamed up with Zoomlion Heavy Industry Science & Technology to acquire a 75% stake in Ladurner, an Italy-based waste treatment and environment firm, for EUR75 million ($82 million).
Head of CIC's Central Huijin unit quits
Zhichun Xie, executive director and president of Central Huijin Investment, a unit of China Investment Corporation (CIC), is leaving after one year with the firm.
China public markets stoke GP investment, exit concerns
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
China VC activity will continue to thrive - AVCJ Forum
Chinese VC deal activity is expected to retain its strong momentum over the next few years, largely due the increasing diversity of exit channels.
Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its...
Deal focus: China's Remix plans to rattle Windows
"Many people look at us and think we're a hardware company. That's actually not accurate," says Jeremy Zhou, co-founder of Beijing-based Jide Technology. "What we really focus on isn't the hardware product but a new operating system (OS) inside the tablet."...
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
China's JD.com leads $70m round for VC-backed Fruitday
Chinese online retailer JD.com has led a $70 million Series C round for Fruitday, a China-based e-commerce site dedicated to selling imported fruit.
Focus Media to relist in Shenzhen via reverse merger
Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors in conjunction with company management, will re-list in Shenzhen through a reverse merger.
CIC launches overseas direct investment arm
CIC Capital, an overseas direct investment arm of sovereign wealth fund China Investment Corporation (CIC), has begun operations and could have in excess of $40 billion put at its disposal.
Warburg Pincus invests $200m in China serviced apartment chain
Warburg Pincus has made a follow-on investment in Mofang Gongyu, committing nearly $200 million across two rounds of funding for the Chinese serviced apartment developer.
Ant Financial launches $160m internet finance fund
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.
Qiming leads $30m round for China internet security firm
Qiming Venture Partners has led a $30 million Series B round of funding for FraudMetrix, a Chinese internet security solutions provider.
Tsinghua buys HP's China data-networking business – update
Tsinghua Holdings has agreed to buy a majority stake in Hewlett-Packard's (HP) China-based data-networking business for approximately $2.3 billion.
China hardware start-ups: Maker's mark
Best known as the go-to location in China for cheap electronics manufacturing, Shenzhen is now emerging as a Silicon Valley for hardware. Can these start-ups get traction with software-focused VCs?
GGV closes $457m China top-up fund
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.
Trustbridge, Foxconn, JD.com back Chinese tablet maker
Trustbridge Partners has led a RMB100 million ($16 million) Series A round of funding for Jide Technology, a Chinese manufacturer of tablets running the Android operating system (OS).
Alibaba, Yunfeng back China's YTO Express
Alibaba Group has teamed up with Yunfeng Capital to acquire a minority stake in Shanghai YTO Express, a Chinese logistics service provider. Financial terms were not disclosed.
Alibaba's Jack Ma leads investment in Hong Kong brokerage
A consortium led by Jack Ma, founder and executive chairman of Alibaba Group, has acquired 81% of Hong Kong-listed brokerage Reorient Group.
China's BeiGene raises $97m from PE investors
BeiGene, a Chinese company that develops drugs to combat cancer, has raised RMB600 million ($97 million) in a funding round led by existing investors Hillhouse Capital and an undisclosed US-based life sciences-focused public investment fund.
China's Yunfeng, Wanda back sports entertainment business
Yunfeng Capital and conglomerate Dalian Wanda Group have led a Series A round of funding worth RMB800 million ($129 million) for LeTV Sports, a Chinese sports channel.
CLSA seals second Asia diapers deal
CLSA Capital Partners (CLSA CP) has invested RMB150 million ($24.5 million) in Coco Healthcare Products, a Chinese manufacturer of diapers for adults and babies. It plans to help the company boost its export business.