China has launched a government guidance fund intended to support small and medium-sized enterprises (SMEs) with initial capital commitments of RMB35.75 billion ($5 billion).
National SME Development Fund is expected to achieve a final close of around RMB100 billion and tap private sector LPs, local media reported. The Ministry of Finance has contributed RMB15.2 billion to...
Meishubao, China’s leading online art education platform, has raised $40 million in an extended Series C round led by Tencent Holdings.
Kuaidian, a Chinese interactive content provider, has raised close to $100 million in Series C funding led by Sequoia Capital China. Existing investors GGV Capital and Morningside Venture Capital re-upped.
Warburg Pincus will sell an approximately 5.5% interest in Hong Kong-listed IVF services provider Jinxin Fertility for about HK$1.5 billion ($194 million) through a share placement.
CLSA, the international arm of China-based brokerage CITIC Securities, has launched a strategy to offer high net worth clients investment opportunities in late-stage private companies in Asia.