Articles by Larissa Ku
PE investors compete for minority stake in China's Gree
Consortiums led by Hopu Investment and Hillhouse Capital are competing for a 15% interest in Gree Electric Appliances against a backdrop of tensions between the Chinese company's CEO and its state-owned parent.
China social e-commerce: Saturated society
The success of Pinduoduo drew dozens of companies – start-ups and established retailers – into China’s social e-commerce space. Investors are now looking for new twists on the model, or just looking elsewhere
China's Chuxin Capital hits first close on debut US dollar fund
Chinese early-stage investor Chuxin Capital has completed a $50 million first close on its debut US dollar-denominated fund.
Qiming invests $30m in Chinese medical AI solutions player
Qiming Venture Partners has led a $30million Series C round for Huimei Technology, a Chinese developer of artificial intelligence-enabled (AI) medical solutions provider.
Chinese car fueling app raises $63m
Chezhubang, a car fueling services app provider, has raised Series B funding of RMB450 million ($62.8 million), jointly led by China’s National Small Medium Development Fund and Oriental Fortune Capital.
Chinese second-hand fashion e-commerce player raises $20m
Plum, a China-based e-commerce platform that sells second-hand fashion brands has received $20 million in an extended Series B round led by Japanese internet company Recruit Holdings.
HiFiBiO Therapeutics receives $67m in Series C funding
HiFiBiO Therapeutics, a drug developer led by the former head of Asian cancer research at Sanofi, has completed a $67 million Series C funding round.
Tencent invests $125m in Chinese online comic platform
Tencent has invested $125 million in Kuaikanmanhua, a China-based publishing platform for comics. This is the company’s fifth round of funding in four years.
Chinese calligraphy tuition platform raises $28m
Hexiaoxiang, a Chinese online education service that teaches calligraphy to kindergarten and primary school children, has closed a Series B funding round worth RMB200 million ($28 million).
KKR joins round for Chinese online education platform
KKR and GGV Capital have led a $85 million funding round for Huohua, a Chinese online education platform specializing in mathematics and science.
PE-backed Chinese AI player Megvii files for HK IPO
Megvii Technology, best known for its Face++ platform, is set to become the first Chinese artificial intelligence (AI) company to list in Hong Kong.
Fosun invests $18m in Chinese pet services player
Fosun Group has agreed to invest RMB130 million ($18.4 million) in Pet Doctor, a Chinese one-stop pet services platform that supplies everything from software for pet hospitals to consultations for pet owners.
Chinese e-commerce sourcing partner xyb2b gets $100m
Xyb2b.com, a B2B platform that helps Chinese e-commerce companies source products from overseas, has completed an extended Series B round of funding worth $100 million.
Ant Financial, Primavera back Chinese vending machine provider
Beijing Ubox Online Technology, a Chinese vending machine manager, has received RMB1.6 billion ($226 million) in funding from Ant Financial Services Group and Primavera Capital Group.
Tencent re-ups in China B2B trading platform Yijiupi
Tencent Holdings has invested $80 million in Yijiupi, a China-based online B2B trading platform that is looking to continue its expansion from liquor into other consumer goods categories.
Chinese hotel marketing platform receives $42m
Zhiketong – a WeChat-based direct sales and marketing service for high-end hotels – has completed its Series C round, having raised RMB300 million ($42.5 million) across three tranches.
Chinese social e-commerce player raises $20m
Wanwu Xinxuan, a Chinese social e-commerce start-up that specializes in products for infants and children, has raised $20 million in a Series B round of funding led by local consumer sector-focused venture capital firm Fresh Capital.