Articles by Winnie Liu
Tech M&A: Tactical forays
A new generation of Chinese technology companies – conscious of the need to stay competitive – are becoming more active M&A players as they choose to buy rather than build their way into multiple verticals
Temasek co-leads $78.2m round for China's Tongdun
Singapore’s Temasek Holdings has jointly led a $78.2 million Series C round for Tongdun Technology, a China-based third-party risk control services provider, in conjunction with Cinda Sinorock and Tiantu Capital.
China's Heilan Home to acquire stake in Lunar-owned Yeehoo
Shanghai-listed clothing company Heilan Home has agreed to acquire a 44% stake in China babywear company Yeehoo Apparel, which is controlled by Lunar Capital, for RMB660 million ($99.6 million).
China electronics recycling platform raises $46m
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
Hong Kong's Lalamove raises $100m Series C
Hong Kong-based delivery start-up Lalamove - also known as Huolala in mainland China - has completed a $100 million Series C round of funding led by Chinese VC firm Shunwei Capital.
China M&A: Outbound 2.0
Following the issuance of regulatory guidance, the aggression and opportunism that once characterized corporate China’s approach to overseas M&A will be replaced by moderation and consideration
All-Stars, Ctrip lead $300m round for China's Tujia
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
Gobi leads $14.5m round for Southeast Asia's Deliveree
Deliveree, a Southeast Asia-focused last-mile logistics marketplace, has raised a $14.5 million Series A round of funding led by Gobi Partners.
Vertex closes Southeast Asia, India fund at $210m
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has closed its latest Southeast Asia and India fund at $210 million, exceeding the $150 million target.
Deal focus: Yao Capital bets big on sports training
A start-up aiming to improve Chinese children's access to sports training receives the backing of sport-focused GP Yao Capital
Cathay's mutual fund business to form local PE unit in Taiwan
Cathay Securities Investment Trust, Taiwan’s largest asset management business, is set to become the first local fund house to establish its own private equity unit.
Q&A: Hamilton Lane's Hartley Rogers
Hartley Rogers, chairman of Hamilton Lane, discusses how the global fundraising boom reflects a larger private equity investment opportunity and why LPs are honing their approaches to the asset class
Noah to buy back Sequoia's stake in asset management unit
Chinese wealth management firm Noah Holdings has agreed to repurchase Sequoia Capital China’s stake in its asset management unit – Gopher Asset Management - following difficulty in winning approval for the investment.
China online radio platform raises $150m
Qingting FM, a Chinese online radio platform, has raised a RMB1 billion ($150 million) round of funding jointly led by We Capital – the VC arm of Chinese ticket booking site Beijing Weiying Times Technology – and Baidu.
CBC, Ocean Link lead $40m round for China's Yitiao
China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
Hony backs $1b COFCO Capital mixed ownership reform deal
Hony Capital has committed RMB1.8 billion ($271 million) to COFCO Capital Investment, a subsidiary of Chinese state-backed COFCO Group. It is the largest participant in a RMB6.9 billion mixed ownership reform deal.
LP interview: Ardian
Ardian has raised large amounts of capital on the basis of a big-ticket secondaries strategy. Jan Philipp Schmitz, a managing director with the firm, discusses where investor demand is heading
Yao Capital leads $75m round for China sports school
Yao Capital has led a RMB500 million ($75 million) round of funding for Doing Now, a privately-held Chinese sports school for children.
Qiming leads $52m round for China's JingChi
Qiming Venture Partners has led a $54 million pre-Series A round for JingChi, a Chinese self-driving technology company, with participation from US-based strategic investor Nvidia GPU Ventures.
China Renaissance recruits ex-GA executive for PE unit
China Renaissance Group has appointed Ke Wei, formerly a managing director at General Atlantic (GA), as a partner in its private equity investment platform, known as the New Economy Fund.
Didi invests $200m in China's VC-backed Renrenche
Chinese ride-hailing app operator Didi Chuxing has invested $200 million in Renrenche, a local consumer-to-consumer used-car trading platform, which is backed by several VC investors.
Hony backs Hong Kong VC fund
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).
China's 51Job acquires majority stake in VC-backed Lagou
US-listed Chinese recruitment site 51Job has agreed to acquire a 60% stake in industry peer Beijing Lagou Network Technology, which is backed by Qiming Venture Partners and other VC investors, for $119 million.
Hostplus commits $50m in Artesian's China VC fund
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.