Greater China
Carlyle buys China's HCP Packaging from Baring Asia
The Carlyle Group will become HCP Packaging’s third consecutive private equity owner, having agreed to acquire the China-based packaging from Baring Private Equity Asia (BPEA).
China guidance funds pump $132m into Gowin Semiconductor
Chinese semiconductor manufacturer Gowin has raised an extended Series B round of CNY 880m (USD 132m) led by Guangzhou Bay Area Semiconductor Industry Group, which has now become the company's largest shareholder.
Hong Kong crypto player Babel hits $2b valuation
Hong Kong-based Babel Finance, which claims to be the world’s leading wholesale crypto financial services provider, has raised USD 80m in Series B funding at a valuation of USD 2bn.
China's Primavera seeks $1.5b for carbon neutrality fund
China-focused Primavera Capital Group is looking to raise approximately CNY 10bn (USD 1.5bn) for a carbon neutrality fund, emphasising the increased popularity of sustainability strategies among local private equity investors.
Advent raises $25bn for global PE fund, targets China
Advent International has closed its largest ever global private equity fund at the hard cap of USD 25bn with plans to expand its investment activity in Greater China in the next few years.
Fund focus: XVC stresses its idiosyncrasies
The China VC firm cuts against the grain, eschewing investment committee meetings and embracing consumer deals while others shun them. It works from a fundraising perspective
Fund focus: BlueRun defies China fundraising woes
Having secured USD 819m, across US dollar and renminbi vehicles, the early-stage investor wants to prove that China can deliver globally competitive technology
Portfolio: Investcorp and Viz Branz
War, climate change, and COVID-19 are twisting the outlook for Investcorp-owned instant food supplier Viz Branz. But an implacable China growth story has underpinned an aggressive expansion agenda
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
China rocket developer Orienspace raises $60m
Chinese rocket developer Orienspace has raised a CNY400m (USD 60m) Series A round led by HikeCapital.
Ince leads $30m round for China's PhiGent Robotics
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China's BlueRun $819m across US dollar, renminbi funds
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Hong Kong's Betatron hits $15m first close on VC fund
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.
SPAC target Prenetics sinks on US debut
Hong Kong-based genomic and diagnostic testing business Prenetics slumped on its NASDAQ debut, unable to withstand struggling public markets public markets and weak investor appetite for businesses that merge with US-listed special purpose acquisition...
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
Hong Kong's Silverhorn recruits Bert Kwan as PE head
Bert Kwan, formerly of Northstar Group and Standard Chartered Private Equity (SCPE), has joined Hong Kong-headquartered multi-asset investment firm Silverhorn as head of private equity.
Baring Asia makes Series A software investment
Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kong-founded product lifecycle management platform provider.
China biotech player Reistone raises $100m
Reistone, a novel drug developer incubated by Jiangsu Hengrui Pharmaceuticals, has raised a Series A of nearly USD 100m led by Huagai Capital.
Tiga SPAC to merge with San Vicente-owned Grindr
Grindr, a LGBTQ+ dating app acquired by an investor group after its Chinese owner violated foreign investment regulations, has agreed to merge with a special purpose acquisition company (SPAC) sponsored by Singapore-based Tiga Investments.
China Renaissance raises $446m for renminbi fund
Huaxing Growth Capital, the private equity division of China Renaissance, has achieved a CNY 3bn (USD 446m) first close on its fourth flagship renminbi-denominated fund.
China's Sensors Data raises $200m
Chinese marketing technology provider Sensors Data has raised a USD 200m Series D round led by Tiger Global Management and The Carlyle Group.
GP profile: EmergeVest
Building on unorthodox roots and a highly concentrated portfolio, EmergeVest wants to establish itself as a global-minded Asia specialist in technology-enabled supply chains