Expansion
Cathay backs China food ingredients maker
Cathay Capital has bought a 25% stake in Chinese food ingredient maker Cabio Bioengineering (Wuhan).
China's Weibo invests $142m in local taxi-booking platform
Chinese social media platform Weibo Corporation has invested $142 million in Kuaidi Dache and Didi Dache, the country’s leading mobile taxi-booking services, which recently agreed to merge.
China seeing more liquidity, increased competition for deals - AVCJ Forum
China’s private equity industry is seeing greater liquidity than in recent years but competition for deals – the operating partners required to make investments work – is intensifying, GPs told the AVCJ China Forum.
Portfolio: Navis Capital and Thailand's Golden Foods Siam
Navis Capital Partners wanted to let the management of Golden Foods Siam off the leash. Six years in, initiatives are taking wing and the company has established itself as Thailand's third-largest chicken producer
Deal focus: China's Remix plans to rattle Windows
"Many people look at us and think we're a hardware company. That's actually not accurate," says Jeremy Zhou, co-founder of Beijing-based Jide Technology. "What we really focus on isn't the hardware product but a new operating system (OS) inside the tablet."...
Deal focus: CLSA tools up with Astro Products deal
Two years ago CLSA Capital Partners made its maiden investment from Sunrise Capital II, a $210 million Japan-focused fund that launched 16 months earlier. The company was BCN, a used car auction site operator based in Saitama prefecture, which CLSA acquired...
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
China's JD.com leads $70m round for VC-backed Fruitday
Chinese online retailer JD.com has led a $70 million Series C round for Fruitday, a China-based e-commerce site dedicated to selling imported fruit.
Warburg Pincus invests $200m in China serviced apartment chain
Warburg Pincus has made a follow-on investment in Mofang Gongyu, committing nearly $200 million across two rounds of funding for the Chinese serviced apartment developer.
IFC invests $150m in China's Tian Lun Gas
International Finance Corporation (IFC) and its subsidiary IFC Asset Management (AMC) have invested $150 million in Hong Kong-listed gas supplier China Tian Lun Gas Holdings.
Qiming leads $30m round for China internet security firm
Qiming Venture Partners has led a $30 million Series B round of funding for FraudMetrix, a Chinese internet security solutions provider.
US digital payment firm raises $28m for Asia expansion
US-based online payment system developer Ripple Labs is looking to expand in Asia on the back of a $28 million Series A round provided by investors including IDG Capital Partners and AME Cloud Ventures.
Sequoia leads $16m Series B round for India's Akosha
Indian customer feedback platform Akosha has raised $16 million in a Series B round led by existing investor Sequoia Capital.
Tiger Global commits $5m to India tea chain Chaayos
Chaayos, a Delhi-based chain of teahouses, has raised $5 million in Series A funding from Tiger Global. Ola co-founders Bhavish Aggarwal and Ankit Bhati have also invested an undisclosed amount.
China late-stage tech: Chasing unicorns
Capital is flooding into China-based internet companies, with PE firms, family offices, hedge funds and strategic players all-too-willing to support large, late-stage rounds. Not everyone will emerge a winner
China middle market: Filling the void
A clutch of China GPs now manage funds of $1 billion or more, leaving the traditional middle market space underserved. Those that remain must convince LPs they can deal with a changing opportunity set
GGV closes $457m China top-up fund
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.
Tiantu leads $29m round for online grocery platform FreshMart
China consumer-focused GP Tiantu Capital has led a RMB180 million ($29 million) funding round for Chinese online grocery service FreshMarket.
Mizuho, China Merchants launch $250m growth fund
Japan's Mizuho Securities and China Merchants Group (CMG) have launched China-focused growth equity fund, which is looking to raise a total $200-250 million. Mizuho has contributed $20 million to the vehicle.
Trustbridge, Foxconn, JD.com back Chinese tablet maker
Trustbridge Partners has led a RMB100 million ($16 million) Series A round of funding for Jide Technology, a Chinese manufacturer of tablets running the Android operating system (OS).
KKR bets on rising Chinese demand for premium chicken
KKR is betting that increasing the supply of safe, high quality chicken in China will stir nascent demand for the product – essentially following in the footsteps of the dairy industry and the PE firm’s previous investment in China Modern Dairy.
Alibaba, Yunfeng back China's YTO Express
Alibaba Group has teamed up with Yunfeng Capital to acquire a minority stake in Shanghai YTO Express, a Chinese logistics service provider. Financial terms were not disclosed.
CLSA backs Japanese food and beverage maker
CLSA Capital Partners have invested an undisclosed sum in Asamiya, a Japanese low-cost food and beverage (F&B) manufacturer.
Chinese face recognition start-up raises $25m
Face++, a Chinese producer of facial recognition software, has raised $25 million from unnamed investors as part of its Series B round.