Articles by Larissa Ku
China robot surgery specialist raises $27m
Shanghai-based surgical robot business Ronovo Surgical has raised CNY200m（USD 27m）in an extended pre-Series B round led by NRL Capital.
China telecom towers business gets $150m from sovereign investor
China’s Guodong Network Communication Group, an independent telecom tower company, has raised USD 150m from Abu Dhabi sovereign wealth fund Mubadala Investment.
Fund focus: Forebright relies on its domain expertise
LP allocations to China funds are limited in number and hotly contested. Forebright Capital closed its latest vehicle by emphasising its track record in advanced manufacturing and enterprise software
HSBC increases GBA Sustainability Fund to USD 9bn
The HSBC GBA Sustainability Fund, a debt vehicle launched in May with an initial size of USD 5bn, has been increased to USD 9bn due to a positive market response.
QIA invests $1bn in India's Reliance Retail
Qatar Investment Authority (QIA) has agreed to invest INR 82.8bn (USD 1bn) in the retail unit of Indian conglomerate Reliance Industries.
Chinese chip developer Sitrus raises $28m
China-based chip developer Sitrus Technology has raised CNY 200m (USD 28m) in a Series C extension from Henglu Assets and Shanxi provincial government investor Photon Strong Chain Fund.
The innovation game: China GPs play safe
China investors have abandoned their previous high-risk-high-return approach in favour of proven business models and profitability. Hotspots like autonomous driving, biotech, and SaaS are no exception
Matrix backs $139m round for China semiconductor start-up Echint
Matrix Partners China has co-led a CNY 1bn (USD 139m) Series B round for Echint, a Chinese chip packaging and testing start-up incubated by VC-backed semiconductor company Eswin.
China's DP Technology raises $97m
China’s DP Technology, touted as a pioneer in the use of artificial intelligence (AI) for scientific research, has raised a CNY 700m (USD 97m) round featuring Loyal Valley Capital.
CITIC, Goldstone invest $137m in China solar supplier
CITIC Securities and Goldstone Investment have led a CNY 1bn (USD 137 m) Series A round for China-based solar panel mounting equipment maker Guoqiang Singsun Energy.
China's Runpeng Semiconductor raises $1.7b
Runpeng Semiconductor, a Shenzhen-based subsidiary of Shanghai-listed China Resources Microelectronics, is set to raise CNY 12.6bn (USD 1.7bn) from several state investors.
China Evergrande's EV unit raises $500m
Evergrande New Energy Vehicle (NEV), the electric vehicle (EV) unit of defaulted property developer China Evergrande, has raised USD 500m from Dubai-based carmaker NWTN.
China's ClearVue closes debut blockchain fund on $50m
ClearVue Partners (CVP), a China-focused investor in consumer and technology, has announced a final close of USD 50m on its blockchain technology fund - without adding any capital to the first close 12 months ago.
Cathay leads Series C for China's Unisun Energy
Cathay Capital has led a Series C round of undisclosed size for Unisun Energy, a China-based green power service provider for industrial and commercial sites.
China's Leadsynbio raises Series D
Chinese synthetic biology company Leadsynbio has raised a Series D round of unspecified size from existing investors Lilly Asia Ventures and Sherpa Healthcare Partners.
Deal focus: Topolefin finds favour as import substitution play
China-based Topolefin has gained traction thanks to breakthroughs in polymer science and the willingness of local medical equipment makers to use its components in foreign-dominated supply chains
Singapore's Mirxes raises $50m, files for Hong Kong IPO
Singapore-based biotech player Mirxes has raised USD 50m in Series D funding - at a post-money valuation of USD 600m - from the likes of Beijing-based Fupu Capital and Japan's Mitsui & Co, and filed to list in Hong Kong.
China's VectorBuilder becomes unicorn, files for Shanghai IPO
China-based gene delivery technology player VectorBuilder has topped up its Series C round - achieving unicorn status in the process - and filed for an IPO on Shanghai’s Star Market.
China polymer specialist Topolefin secures $139m Series B
Chinese polymer materials developer Topolefin Technology has raised CNY 1bn (USD 139m) in Series B funding led by local private equity firms Raystone Capital and KingRay Capital.
Fund focus: Eurazeo's climate thesis resonates with LPs
Eurazeo shattered the target for its second smart city fund thanks to an agenda that dovetails with LP interest in decarbonisation. Nine Asian LPs backed the fund and 35% of the corpus will be deployed in the region
Q&A: SparkEdge Capital's Linc Liu
Linc Liu, founding partner and chairman of SparkEdge Capital, a sector specialist formerly known as Ori-mind Capital, discusses new energy investment opportunities in China
China's Qiming joins round for blockchain privacy developer
China's Qiming Venture Partners has participated in a USD 25m Series A for P0x Labs, the developer behind blockchain-based privacy services provider Manta Network.
Mirae Asset PE arm seeks $200m for Fund II
Maps Capital, a private equity investment arm of Mirae Asset Financial Group, has launched its second US dollar-denominated fund with a target of USD 200m.
China autonomous driving player HoloMatic raises $42m
HoloMatic, a Chinese autonomous driving start-up, has raised CNY300m (USD 42m) in Series C funding led by GAC Capital and state-owned Guangdong Technology Financial Group.