Greater China
Sequoia leads $48m round for China online baby products retailer
Sequoia Capital China has led a RMB300 million ($48 million) Series C round of funding for PatPat, a China-based e-commerce platform operator that exports maternal and infant products overseas.
Alibaba invests $717m in China PE-backed rural e-commerce site
Alibaba Group has agreed to invest RMB4.5 billion ($717 million) in Huitongda Network, a private equity-backed online retailer that focuses on China’s rural areas.
Chinese fintech start-up raises $159m Series C
China Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has led a RMB1 billion ($159 million) Series C round for 100Credit, a financial technology start-up that uses big data to provide credit services.
China-Indonesia VC: Biding their time
Investments by China's tech giants becoming more prominent in Indonesia's tech space, but Chinese VC investors continue to tread cautiously in the country for the most part
MSPEA, Crescent Point lead Series C round for China’s Qingke
Morgan Stanley Private Equity (MSPEA) and Crescent Point have jointly led a Series C round of funding for Qingke, a long-term rental apartment services platform in China.
BBVA backs China Sinovation Ventures’ fourth fund
Spanish bank BBVA has committed $50 million to Chinese VC firm Sinovation Ventures’ latest US-dollar denominated fund.
Chinese big data firm MiningLamp gets $159m Series C
MiningLamp Software, a big data solutions provider in China, has raised a RMB1 billion ($159 million) Series C round of funding led by China Renaissance’s Huaxing Growth Capital and Tencent Holdings.
CITIC Capital acquires Chinese facility management service provider
China-focused GP CITIC Capital Partners has acquired a majority stake in Jiangsu Sky Facility Management (SkyFM), a Chinese facility management service provider, for an undisclosed sum.
Sequoia seeks up to $3.1b for China, India
Sequoia Capital plans to raise up to $3.1 billion for deployment in China and India across seed, venture and growth strategies.
China’s Qiming raises $1.39b across three VC funds
Qiming Venture Partners has closed two China-focused VC funds – including its sixth US dollar-denominated vehicle and fifth renminbi-denominated vehicle – and a newly-established US healthcare fund, with $1.39 billion in aggregate commitments.
Alibaba vs Tencent: Trench warefare
Alibaba Group and Tencent Holdings have different approaches to M&A but the same objective of achieving pre-eminence in China's internet industry. Other companies are obliged to take sides
Chinese healthcare SaaS platform raises $48m
Taimei Medical Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs), has raised RMB300 million ($48 million) in Series D funding.
WeWork buys PE-backed Naked Hub in Asia expansion drive
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
VIDEO: Vertex Holdings' Kee Lock Chua
Kee Lock Chua, CEO of Temasek-owned Vertex Holdings, discusses venture capital trends in Asia
PAG backs Chinese-led acquisition of Japan's Takata
PAG Asia Capital has supported Chinese-owned auto components manufacturer Key Safety Systems (KSS) in its $1.59 billion acquisition of assets held by Takata Corporation, a Japanese company that filed for bankruptcy following a recall of faulty vehicle...
Warburg Pincus leads $44m round for China’s Sensors Data
Warburg Pincus has led a $44 million Series C round of funding for Sensors Data, a Beijing-based big data analysis company.
Chinese biotech firm Biocytogen raises $65m
Biocytogen, a Chinese contract research organization (CRO) that provides genetically engineered mice for drug testing, has raised RMB410 million ($65 million) in a Series C round of funding led by CMB International Capital, an investment arm of China...
Ocean Link confirms competing bid for China's eHi
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
VC-backed YY spin-out Huya files for US IPO
Huya, a Chinese game broadcasting business that spun out from social networking platform YY and raised capital from Tencent Holdings and several VC investors, has filed for an IPO in the US.
Deal focus: Meituan makes a strategic move with Mobike
Meituan-Dianping's acquisition of Mobike means stellar returns for some of the early investors in the Chinese company - and more layers of intrigue in the competitive dynamic between Alibaba Group and Tencent Holdings
PE-backed Chinese car trading platform Souche buys rival
Souche, a Chinese online car trading platform that has received investment from Alibaba Group as well as from several PE players, has acquired industry peer Cheyipai.
Alibaba leads $600m round for China’s SenseTime
Alibaba Group has led a $600 million Series C round for China's SenseTime, said to be the largest-ever fundraise by an artificial intelligence (AI) company globally.
China’s Meiliche Jinrong raises another $38m
Meiliche Jinrong, the online auto finance unit of Chinese consumer loans site Meili Jinrong, has raised an additional RMB239 million ($37.88 million) for its Series B round.
China’s PE-backed Liepin files for Hong Kong IPO
Wise Talent Information Technology, a PE-backed company that operates Chinese online recruitment services platform Leipin, has filed for a Hong Kong IPO.
