Articles by Larissa Ku
China Everbright raises $459m for BRI fund
China Everbright has reached a first close of RMB3 billion ($459 million) on an environment-focused fund that concentrates on economies covered by the Belt and Road Initiative (BRI).
Chinese EV maker Hozon raises $305m
Zhengjiang-based Electronic Vehicle (EV) start-up Hozon Auto has raised RMB2 billion ($305 million) from Huading Capital, a specialist EV investor.
China's Chang Guang Satellite raises $376m
Chang Guang Satellite Technology, a China-based commercial satellite developer, has raised RMB2.46 billion ($376 million) in pre-IPO funding. It is the largest-ever funding round in China’s commercial aerospace industry.
China's Suning raises $912m for e-commerce services arm
Yunwang Wandian, the e-commerce services arm of Suning.com, one of China’s largest retailers, has raised a RMB6 billion ($912 million) Series A round led by Shenzhen Capital Group.
The big C: China biotech start-ups get cutting edge on cancer
The evolution of cancer treatments in China is a bellwether for biotech development in the country and its capacity for genuine innovation. Most PE and VC investors aren’t shying away
Alibaba, Jeneration lead $196m round for China's Nice Tuan
Shihuituan, a China-based community group buying platform also known as Nice Tuan, has raised $196 million in the third tranche of a Series C round led by Alibaba Group and Jeneration Capital.
China AI chip designer Vastai raises $50m
Vastai Technologies, a China-based chip designer, has raised $50 million in Series A funding led by video-sharing platform Kuaishou, Redpoint China Ventures, and 5Y Capital.
China education SaaS player raises $225m
Eeo Education, a Chinese software-as-a-service (SaaS) provider to the education sector, has raised a $265 million Series C round led by Hillhouse Capital.
Deal focus: PingCap puts its head in the cloud
Real-time analytical support and limitless scale underpin the rise of Chinese cloud database provider PingCap. Will it be part of a new breed of local enterprise software giants?
BRI reaches first close on Indonesia fund
BRI Ventures, a unit of Bank Rakyat Indonesia has reached the first close of IDR150 billion ($11 million) on its locally incorporated tech venture fund.
Chinese vision therapy start-up Elumninex raises $50m
Chinese eye disease specialist Elumninex Biosciences has raised a $50 million Series A round led by GL Ventures, Lilly Asia Ventures (LAV), and Quan Capital.
China trucking platform Manbang raises $1.7b
Manbang Group, China's so-called "Uber for trucks" that matches shippers with drivers and fleet operators, has raised a $1.7 billion round led by SoftBank Vision Fund, Sequoia Capital China, Permira and Fidelity.
Sequoia leads $46m Series D for Chinese chip maker Yunyinggu
Yunyinggu, a Chinese manufacturer of integrated circuits used in flat screen displays, has raised RMB300 million ($46 million) in Series D funding led by Sequoia Capital China.
CDH hits first close on China data center fund
CDH Investments has reached the first close of RMB1.5 billion ($228 million) on a data center industry fund. Part of the Chinese GP's mezzanine strategy, the vehicle has a full target of RMB2 billion.
Baring Asia leads $198m round for Chinese coding start-up
Codemao, a Chinese online education platform that teaches coding to children, has raised RMB1.3 billion ($198 million) in Series D funding led by Baring Private Equity Asia.
Aggression pays off in times of crisis - AVCJ Forum
Going on the offensive is the best response to COVID-19 - taking advantage of market uncertainty to make new investments and help portfolio companies complete bolt-on acquisitions - the AVCJ Forum heard.
China cloud database specialist PingCap raises $270m
PingCap, a China cloud database service provider, has raised a $270 million Series D round led by GGV Capital, Access Technology Venture, Anatole Investment, Jeneration Capital and 5Y Capital.
VC-backed Chinese online education business files for US IPO
17 Education & Technology Group, a China-based education service provider that claims to pursue an integrated “in-school plus after-school” model, has filed for a US IPO.
Big platform creation in China coming to an end – AVCJ Forum
Opportunities to build Chinese platforms that can outperform segment leaders such as video-sharing apps Kuaishou and Douyin may not exist in the coming years, the AVCJ Forum heard.
Fund focus: Future Capital looks forward
Cloud-based infrastructure, logistics technology, mobility solutions and the internet of things are key themes for Future Capital as it begins to deploy its latest China-focused early-stage technology fund
Chinese noodle shop chain raises $68m Series D
Hefu Noodle, a Chinese noodle restaurant chain, has raised a RMB450 million ($68 million) Series D round co-led by Tencent Holdings and Longfor Capital, an investment unit of Hong Kong-listed property developer Longfor Group.
China agricultural drone maker XAG raises $182m
XAG, a Chinese manufacturer of agricultural drones, has raised a RMB1.2 billion ($182 million) round led by Baidu Capital and SoftBank Vision Fund II.
China open source software player raises $43m Series B
Zilliz, a Chinese open-source software developer specializing in unstructured data processing and analysis, has raised a $43 million Series B round led by Hillhouse Capital affiliate GL Ventures.
China cloud communication start-up secures $60m Series D
XYLink, a Chinese cloud communication service platform, has raised a RMB400 million ($60 million) Series D round led by Qi An Xin, a cybersecurity spinout from Qihoo 360.