Articles by Larissa Ku
Deal focus: Goldman secures $1bn exit from India's ReNew
Goldman Sachs has clocked a healthy return from ReNew Energy Global after helping the company diversify its offering and navigate the regulatory pitfalls of India’s renewables space
Deal focus: Qiming bets on resilience in China's coffee space
Qiming Venture Partners has doubled down on Chinese coffee brand Tasogare, identifying a consumer category endowed with rare advantages and poised to benefit from a broader domestic retail rebound
Shunwei leads $10m round for China RPA player
Naturobot, a China-based robotic process automation (RPA) start-up, has raised a new round amounting to about USD 10m led by Shunwei Capital.
CCV leads round for China chip designer Cmind-Semi
Cmind-Semi, a China-based wireless communication chip designer, has raised a pre-Series A round led by China Creation Ventures (CCV). Existing investors Walden International Investment and Legend Capital also took part.
Japan-inspired Chinese coffee brand gets Series C
Chinese coffee brand Tasogare has raised several hundred million renminbi in a Series C funding round led by Yijing Capital and state-controlled Jiande Group. Qiming Venture Partners and Bu’er Capital re-upped.
China autonomous truck developer DeepWay raises $112m
China’s DeepWay, a smart electric truck developer established by Baidu, has raised CNY 770m (USD 112m) in an extended Series A round featuring SB China Venture Capital (SBCVC).
China's Linear Capital adds partner
China’s Linear Capital has promoted Songyan Huang, a managing director of the venture capital firm, to partner.
Top Chinese semiconductor investor released from detention
Datong Chen, co-founder of WestSummit Capital and one of China's foremost semiconductor investors, has been released by local authorities after eight months of detention.
Deal focus: China SaaS gets specific
Investors are gradually returning to China’s software-as-a-service space with an appetite for industry specialists rather than generalists. The CDH Investments-led Series B for 1Data is a case in point
HKEX relaxes rules for IPOs by pre-profit tech companies
The Hong Kong Stock Exchange (HKEX) has loosened its listing requirements to allow pre-profit technology companies to go public with market capitalisations as low as HKD 6bn (USD 764m).
China's JD Industrials completes $300m Series B
JD Industrials, a one-stop industrial products e-commerce platform under China’s JD.com has completed a USD 300m Series B round led by Abu Dhabi investors Mubadala and 42XFund.
CDH leads Series B for China RPA player 1data
1Data, a China-based robotic process automation (RPA) company, has raised close to CNY 200m (USD 29.2m) in Series B funding led by CDH Investments.
China pool cleaning robot start-up gets $29m angel round
GL Ventures, Shunwei Capital, and Source Code Capital have participated in a CNY 200m (USD 29m) angel round for Xingmai Innovation, a China-based developer of robots that clean swimming pools.
Deal focus: GL Capital plots careful China carve-out
GL Capital worked quietly but industriously to secure a leveraged buyout of China-based contract manufacturer Foryou Medical Devices – even using renminbi financing to avoid US dollar interest rate exposure
China energy storage player Weview raises $87m
Weview, a China-based battery manufacturer, has raised a Series A of CNY 600m (USD 87m) led by two state-backed investors - Guohe Xinli, which is a fund under the State Development & Investment Corporation (SDIC) and Zhuhai-based Da Heng Qin Group.
China generative AI player LangBoat gets pre-Series A
LangBoat, a China-based generative artificial intelligence (AI) company, has raised a pre-Series A round led by Beijing Zhongguangcun Science City. Eight Roads and Sinovation Ventures re-upped.
China chatbot maker Xiao-I trades down after US IPO
China-based chatbot company Xiao-I has traded down 17.5% since raising USD 39m in a disappointing NASDAQ IPO on March 9.
China cell therapy developer Neowise raises $29m
Chinese cell therapy company Neowise has raised an extended Series A round of CNY200m (USD 29m) from a group including Oriza Seed Fund Management and Marathon Venture Partners.
China UAV player United Aircraft raises $290m
United Aircraft, a Chinese start-up specialising in unmanned aerial vehicles (UAVs), has raised a Series D of CNY 2bn (USD 290m) from an assortment of local investors.
China IPOs: Back to New York
With regulatory challenges receding, Chinese companies are once again targeting US listings. But the journey to New York – in terms of approvals, locations, and valuations – isn’t necessarily smooth
China artificial heart developer raises $100m
China-based medical device manufacturer Evaheart has raised a Series A of close to USD 100m led by Chinese vaccine developer Sinovac.
China semiconductor packaging player gets Series B extension
Chinese semiconductor packaging specialist Jiangsu Jing Chuang Advanced (JCA) Electronic Technology has raised a Series B extension of several hundreds of million renminbi led by Qiming Venture Partners.
China Life, Qianhai Ark back ophthalmic device maker
China Life Private Equity and Shenzhen-based Qianhai Ark have led a CNY 300m (USD 44m) Series C round for Svision Imaging, a China-based ophthalmic device manufacturer.
Deal focus: Qiming backs Chinese GPT pioneer
Frontis.ai is a Chinese start-up founded by local entrepreneur who helped lay the groundwork for ChatGPT in the US. Qiming Venture Partners was won over by its product conception capabilities