China’s second largest coffee chain Luckin Coffee, which counts Centurium Capital and Joy Capital among its private equity investors, surged around 20% on its US debut following a $561 million IPO.
The company sold 33 million American Depository Shares (ADS) for $17.00 apiece, the top end of the indicative range, according to a filing. Its shares opened at $25 on May 17 and closed at $20.38. The...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.