Chinese private equity firms that count government-related entities among their shareholders face uncertainty over their financial obligations to the state
To most investors, the prospect of handing the government shares in a portfolio company for free as it prepares to go public and realize a cash windfall is inconceivable, let alone unappetizing. But this...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.