Funds
China stem cell storage firm launches $813m M&A fund
Zhongyuan Union Stem Cell Bio-engineering, a Chinese stem cell storage service operator, has partnered with China Yinhong Capital to launch an industry M&A fund with a target of RMB5 billion ($813 million).
China caliper maker Guilin Guanglu raises $115m from PE
Guilin Guanglu Measuring Instrument, a Chinese electronic digital caliper maker, plans to raise RMB710 million ($115 million) from four domestic private equity firms.
VC-backed Xunlei to buy storage business from Kingsoft
Xunlei, a Chinese file-sharing service backed by a string of VC firms, will pay $33 million to acquire a personal storage business unit owned by Kingsoft Corporation.
Tencent pumps $70m into China healthcare networking site
Tencent Holdings has invested $70 million into dxy.com, a Chinese networking and information-sharing site for healthcare professionals
China's Baidu backs Finland-based indoor mapping start-up
Chinese internet giant Baidu has agreed to invest $10 million in IndoorAtlas, a VC-backed Finnish software developer that specializes in indoor mapping.
Chengwei invests $20m in Chinese drone manufacturer
Chengwei Capital Partners has invested $20 million in a Series A round of funding for XAircraft Aerial Solutions, a Chinese multi-rotor and drone maker.
Fosun VC provides Series B for Chinese personal finance app
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Feidee.com, Beijing-based personal finance management website, with participation from existing investor Sequoia Capital.
Banyan Capital invests $10m in Chinese air purifier firm
Banyan Capital has committed $10 million in Series A funding to Three Daddies, a Chinese air purifier maker.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
Taiwan's Acer to launch $34m VC fund
Taiwanese computer maker Acer has established a NT$1 billion ($33.5 million) venture capital fund to invest in start-ups, with a view to strengthening the group’s technology development as well as generating financial returns.
India messaging app raises $65m in Tiger Global-led round
Tiger Global has led a $65 million investment in Hike, the Indian mobile message app.
China's Zai Lab raises $30m Series A round
Qiming Venture Partners has led a $30 million Series A round of funding for Zai Lab, a Shanghai-based biotech drug developer, with participation from KPCB, Sequoia Capital and TF Capital.
Forum Syneriges leads Series C round for India's Attero
Forum Synergies has led a $15 million Series C round of funding for Attero, India’s largest electronic asset management company.
CSRC issues Chinese domestic PE fundraising rule
The China Securities Regulatory Commission (CSRC) has issued rules governing the domestic private equity industry following a public consultation.
GoGoVan eyes regional expansion
Three Hong Kong youngsters came up with an idea to supply disposable lunchboxes to local restaurants for free and make a return by selling display advertising on the products.
China regulation: Circular progress
China’s foreign exchange regulator has issued new rules simplifying the use of offshore special purpose vehicles for investment purposes. It’s good news for VCs but questions remain about implementation
Ex-China Minsheng Bank executive launches $8b fund
Wenbiao Dong, former head of China Minsheng Banking, has launched a RMB50 billion ($8 billion) private investment fund.
Alibaba backs Chinese Wi-Fi operator
Alibaba Group has invested an undisclosed sum in Witown, a Chinese Wi-Fi solutions provider.
China beauty portal Meilapp.com raises $20m
Morningside Technologies has led a $20 million Series B round of funding for Meilapp, a Chinese mobile portal devoted to cosmetics and skincare.
Japan mystery shopper company raises $2.2m
Mizuho Capital, Jafco Ventures and DBJ Capital have invested JPY220 million ($2.1 million) in Research and Innovation, a Tokyo-based internet market research company.
Maybank leads $25m round for China casual dining platform
Maybank Private Equity has made its first investment in China, leading a $25 million Series D round of funding for YPX Cayman Holdings, which owns and operates Cloud 9, the mainland China licensee of a Taiwan casual dining chain.
SAIF Partners leads $38m round for Chinese video site Aipai
SAIF Partners has led a $38 million Series C round of funding for Chinese video-sharing platform Aipai, with participation from Matrix Partners.
Chinese payment platform completes Series B
Qufenqi.com, a Chinese installment payment platform, has raised a Series B round of funding from Source Code Capital, Golden Summit and BlueRun Ventures.
Alibaba leads Series B round for online education site
Myfriday.cn, a Chinese timetable social mobile app developer, has received a Series B round of funding led by Alibaba Group. Existing investors the Sequoia Capital and Ceyuan Ventures also participated.