Articles by Winnie Liu
Fosun, Tencent lead $35m round for US medical device start-up
China's Fosun International and Tencent Holdings have led a $35 million Series B round for Scanadu, a US-based medical technology start-up working on devices that can send diagnostic tests directly to smart phones.
BlueRun closes third China VC fund at $200m
BlueRun Ventures has closed its third China-focused venture capital fund at $200 million, targeting early stage start-ups.
Ratan Tata buys stake in China's Xiaomi
Ratan Tata, chairman emeritus of the company that controls Tata Group, has invested an undisclosed sum in VC-backed Xiaomi, the first investment by any Indian in the Chinese smart phone maker.
DBS, Hong Kong's Nest to launch fintech accelerator
DBS Bank has partnered with Hong Kong-based seed investor Nest to launch a financial technology (fintech) accelerator program.
EQT-backed LBX hits trading cap on Shanghai debut
Laobaixing Pharmacy Chain (LBX Pharmacy), a Chinese retail pharmacy chain backed by EQT Partners, closed up 44% on its price on the first day of trading in Shanghai.
Hony fully exits Chinasoft International through $170m sale
Hony Capital has made a full exit in Chinasoft International, a Chinese IT application developer, raising HK$1.32 billion ($170 million).
CMC Capital acquires stakes in HK broadcaster TVB
Chinese media-focused private equity firm CMC Capital Partners has acquired a stakes in the consortium that controls Television Broadcasts (TVB), a free-to-air broadcaster in Hong Kong.
China crowdfunding: The madding crowd
With established Chinese companies, led by e-commerce giant JD.com, getting involved in equity crowdfunding, will these platforms gain traction as a financing channel for Chinese start-ups?
Investec Bank leads $84m round for China P2P lending site
South African-based Investec Bank has led an $84 million Series C round of funding for Jimubox, a Chinese peer-to-peer (P2P) online lending platform, with participation from Haitong Kaiyuan, a PE arm of Haitong Securities.
Hony backs Hong Kong consortium bidding for TV channel
Chinese GP Hony Capital has joined a consortium led by David Chiu, chairman of Hong Kong-listed property developer Far East Consortium International, that is applying for a domestic free-to-air television license.
Keytone leads $20m round for China auto service site
Keytone Ventures has led a $20 million Series A round of funding for Chemayi, a Chinese auto after-sales service platform.
PE, Alibaba-backed Baozun to list in the US
Baozun, a Chinese e-commerce platform solutions provider, has filed for an IPO in the US. Backers include Alibaba Group, SoftBank Corporation, Goldman Sachs, Crescent Group, Infinity Group and New Access Capital.
India classifieds platform raises $28m from GIC, Norwest
Singapore’s GIC Private has led a Series C round of funding worth INR1.75 billion ($28 million) for Sulekha.com, an India-based classifieds platform based in India. Existing investor Norwest Venture Partners (NVP) also participated.
BlueRun commits $10m to China securities trading site
BlueRun Ventures has committed $10 million in a Series A round of funding to Mazhan.com, a Chinese online margin trading platform.
VC-backed Chinese credit card management app raises $50m
U51.com, a VC-backed credit card management mobile app, has raised $50 million from Shanghai-listed property developer Xinhu Zhongbao.
Carlyle raises $424m via Haier sell-down
The Carlyle Group has fully exited Chinese home appliance maker Haier Electronics Group (HEG), raising HK$3.29 billion ($424 million) through a block trade.
Asian LPs back Israel-based Viola's $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
China's Ninebot raises $80m, acquires Segway
Ninebot, a China-based electric scooter manufacturer, has bought its US-based rival Segway for an undisclosed sum and raised $80 million in Series A funding.
Alibaba injects online pharmacy business into HK-listed unit
Alibaba Group plans to inject the operations of its online pharmacy business into Alibaba Health Information Technology (Alibaba Health), a Hong Kong-listed healthcare company that it bought alongside Yungfeng Capital last year, in a deal worth HK$19.4...
China virtual reality headset maker raises $10m
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Dianping secures $850m pre-IPO round
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
Go Scale's China angle wins Philips deal
The auction of Dutch electronics giant Philips’ LED components and automotive lighting unit that began in June of last year drew bids from a host of global buyout firms. Bain Capital and a KKR-CVC Capital Partners consortium are among those said to have...
CMC, FremantleMedia, SMG create China TV JV
China Media Capital (CMC) has teamed up with London-headquartered TV producer FremantleMedia and Shanghai Media Group (SMG) to create a joint venture that will develop entertainment content for the China market.
Baidu invests in another China ride-sharing app
Baidu has made its second investment in the Chinese ride-sharing app space in a matter of days, leading a Series C round for Tiantian Yongche, with participation from Sequoia Capital.