Articles by Larissa Ku
China's CICC raises $650m for biomedical fund
CICC Capital has reached a second close of RMB4.2 billion ($650 million) on its latest healthcare fund - the first in China to receive fast-track approval for its role in addressing COVID-19.
Cathay closes second innovation fund $789m
Cathay Capital has raised EUR650 million ($789 million) for its second innovation fund, which supports start-ups in China, Europe, and North America.
China HR software start-up raises $190m
WorkTrans, a Chinese human resources services provider, has raised $190 million through two tranches, a Series C of $50 million and a Series D of $140 million.
Chinese fitness app Keep raises $360m
Keep, a Chinese mobile app that provides fitness training programs, has raised $360 million in Series F funding led by SoftBank Vision Fund.
Goldman leads $50m round for China's Perfect
Perfect Corp, a Chinese developer of online beauty apps, has raised a $50 million Series C round led by Goldman Sachs.
Hillhouse leads $28m round for China's DataCloak
DataCloak, a Shenzhen-based start-up that helps companies install data security systems on devices used by employees, has raised a $28 million Series B round led by Hillhouse Capital.
Hidden Hill leads $110m round for China's Baibu
Chinese B2B fabrics trading platform Baibu has raised $110 million in an extended Series D round led by Hidden Hill Capital, the private equity platform of logistics giant GLP.
Goldman, Anchor commit $100m to China car park operator
Goldman Sachs and Anchor Equity Partners have led a $100 million Series B round for Sunsea Parking, a China-based car parking management company.
China AI chip player Enflame raises $279m Series C
Enflame Technology, a Chinese artificial intelligence (AI) chip designer, has raised a RMB1.8 billion ($279 million) Series C round led by CPE, China Capital Investment Group, and Primavera Capital.
VC-backed Chinese online tutor Xueba close to bankruptcy
Xueba100.com, a China-based one-to-one online tuition platform, has halted operations and is looking for industry peers to assume responsibility for its students and teachers.
China bubble tea chain Naixuecha raises Series C
Naixuecha, a China-based bubble tea chain that also goes by the name Nayuki, has raised a Series C funding round led by PAG.
Q&A: North Summit Capital's Wanli Min
Previously chief machine intelligence scientist at Alibaba Cloud, Wanli Min is now applying his deep technology expertise to investment at North Summit Capital. He explains what kind of innovation makes him tick
The crystal ball: Predictions for 2021
Industry professionals process the upheavals of 2020 to inform outlooks for a range of markets and investment themes. Realist bullishness abounds
China's Yonghui gets $153m for fresh produce spin-out
Tencent Holdings and CICC Capital have led a RMB1 billion ($153 million) round for Caishixian, a B2B supply chain platform incubated by Yonghui Superstores, a leading Chinese supermarket chain.
China digital services player Deepexi raises $40m
Deepexi, a Chinese start-up that provides digital transformation solutions to enterprise customers, has raised $40 million in the fourth tranche of a Series A funding round.
PE-backed Pop Mart posts strong gain after $674m HK IPO
Pop Mart International Group, China’s largest fashion toy retailer, gained 79% on its Hong Kong trading debut following a HK$5.22 billion ($674 million) IPO.
China VC: The naming of firms
The process of coming up with a name for a venture capital firm in China can be fraught with challenges around linguistic and cultural differences as well as questions about brand and values
Government funds back Chinese online grocer Miss Fresh
Chinese online grocer Miss Fresh has raised RMB2 billion ($305 million) from three Qingdao government-related funds to support expansion in the city on China's eastern seaboard.
LAV, Arch lead $100m round for China's SciNeuro
SciNeuro Pharmaceuticals, a China and US-based drug developer specializing in treatments for central nervous system (CNS) disorders, has announced its formal launch with a $100 million funding round.
ZWC hits $400m first close on China fund
Chinese venture capital firm ZWC Partners has completed a first close of $400 million on its second US dollar-denominated fund. The full target is $450 million.
Fund focus: DCL targets China's unremitting debtors
With $455 million in commitments for its latest renminbi fund, DCL Investments hopes to make its on-the-ground capabilities count in resolving China’s non-performing loans problem
China HR software start-up GaiaWorks gets $76m Series D
China-based GaiaWorks, an workforce management software-as-a-service (SaaS) provider, has raised RMB500 million（$76 million) in an extended Series D round led by GGV Capital.
China retail SaaS provider Huice secures $100m Series C
Huice, a China-based provider of software for retailers, has raised nearly $100 million in Series C funding led by Singapore’s GIC. GL Ventures, Legend Capital and SoftBank Ventures Asia also participated in the round.
China's Snowball Finance raises $120m
Snowball Finance, a Chinese online financial information platform with wealth management ambitions, has raised $120 million Series E from Orchid Asia.