Chinese drone manufacturer EHang traded flat on its NASDAQ debut following a $40 million IPO that priced at the bottom end of the indicative range.
WeLab, a Hong Kong financial technology start-up that abandoned plans for an IPO approximately 12 months ago, has raised $156 million in a new private funding round.
AltStory, a Chinese interactive movie and television content company, has raised approximately RMB100 million ($14 million) in Series A funding led by China Literature, a listed unit of Tencent Holdings.
Lefei Sun, who helped establish and now leads General Atlantic’s healthcare and life sciences business in China, has been promoted to managing director.
Taiwan is encouraging its industrial technology manufacturers to relocate operations from the mainland to the domestic market in response to China-US tensions. This may create openings for PE and VC investors
Fundraising, investment and exits in Asia are unlikely to match last year as pan-regional funds take a back seat, large-cap buyouts remain in short supply, growth-stage tech loses its edge, and IPOs flounder
Chinese commercial space launch service provider LandSpace has raised a RMB500 million ($71 million) Series C led by the VC arm of Hong Kong-listed property developer Country Garden.
EQT spent 11 years helping Chinese pharmacy chain Laobaixing evolve from large-format laggard into a focused and efficient operator that meets the needs of modern customers. It has now exited with a 7.7x return
Kalihulian - a China-based digital logistics platform that offers an Uber-style service for cargo freight - has raised RMB100 million ($14 million) in Series A funding led by Sino-Ocean Capital, an investment arm of property developer Sino-Ocean Group.
China-focused private equity firm Centurium Capital is back in the market looking to raise $2.5 billion for its second US dollar-denominated fund, barely six months after reaching a final close on its first.
Chinese artificial intelligence (AI) start-up Aibee has raised RMB522 million ($74 million) in an extended Series A round led by ClearVue Partners and technology-focused Singularity Power Capital (SPC).
Having struggled to get traction with consumers, Chinese online interior design player Kujiale turned its attentions to enterprise. International expansion is now on the agenda
ESR, an Asia-focused warehousing platform seeded by Warburg Pincus, stole a march on its rivals by tapping into the rise of e-commerce in China. It is now looking to stay ahead of the curve
Private equity investors see helping solve succession planning issues and taking local companies global as the key opportunities in Taiwan.
US-based logistics and supply chain investor Prologis has established a $1.7 billion China fund as part of a broader country expansion.
EOC Pharma, a Chinese biotech developer focused on cancer treatments, has closed a RMB500 million ($71 million) Series C round raised from a group of local private equity investors.
Tenglong Group, a data center operator based in Beijing, has raised a RMB26 billion ($3.7 billion) Series A round led by Morgan Stanley Private Equity Asia and state-owned China Nanshan Development Group.
GLP, a private equity-owned warehouse operator based in Singapore, has set up a China logistics fund at RMB15 billion ($2.1 billion).
Chinese cancer and autoimmune disease therapy developer Clover Biopharmaceuticals has raised a $43 million Series B round led by local VC Lapam Capital and US private equity firm Delos Capital.
China’s Loyal Valley Capital has closed its second US dollar-denominated fund at $465 million. The target was $400 million with a hard cap of $440 million.
FountainVest Partners and Primavera Capital have paid $557 million for a 24.78% stake in Chinese pharmacy chain Laobaixing. It will provide a full exit for EQT Partners.
AgotoZ, a Chinese network-as-a-service (NaaS) provider, has raised RMB250 million ($35.6 million) in an extended Series B led by Legend Capital. Existing investors SIG China and Northern Light Venture Capital re-upped.
Tencent Holdings has joined an extended Series D round for Gaosi Education, a technology supplier for K12 after-school tutoring institutions in China that has now rebranded as Aixuexi.
US cleantech-focused private equity firm Hudson Sustainable Investments is set to acquire a controlling position in Hong Kong-based and NASDAQ-listed power producer Sky Solar Holdings.