Greater China
PAG backs China AI investment management start-up
PAG has led a $100 million round for DataYes, a China-based provider of artificial intelligence-enabled investment management solutions for the financial services industry.
China service robot player Pudu secures $77m
Pudu Robotics, a China-based manufacturer of service robots, has raised a $77 million Series C extension led by Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China.
GM invests $300m in China autonomous driving player Momenta
General Motors (GM) has entered China’s autonomous driving industry with a $300 million investment in Momenta, a local developer of sensor technology.
China's Broncus raises $215m in IPO, struggles on HK debut
Broncus Holding Corporation, a China-based manufacturer of medical devices used to treat lung diseases, plunged 12.8% on its Hong Kong trading debut following a HK$1.67 billion ($215 million) IPO.
China autonomous driving chip start-up hits $2b valuation
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has raised several hundred million dollars through two funding rounds at a valuation of $2 billion.
China AR glasses maker Nreal gets $100m Series C
Nreal, a Chinese manufacturer of advanced artificial reality (AR) glasses that resemble normal sunglasses, has raised a Series C of $100 million led by Nio Capital, Yunfeng Capital, and Hongtai Capital.
FountainVest buys New Zealand pet food business
China-focused private equity firm FountainVest Partners has agreed to buy Ziwi, New Zealand’s leading exporter of pet food.
China warehouse robot supplier secures $200m
Hai Robotics, a China-based manufacturer of robots used in warehouses, has raised approximately $200 million across two funding rounds.
Hong Kong's Airwallex raises $200m at $4b valuation
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
Deal focus: Vision Fund bets on service robots
COVID-19 crippled demand for restaurant service robots, so China’s Keenon Robotics pivoted towards hospitals. It has $200 million in Series D funding to target new application scenarios
Fund focus: Lever leverages spiking food tech appetite
The debut fund from Hong Kong’s Lever VC has tapped an infection point in global demand for food innovation. A mix of motivators for entering this space makes the hype feel less like a bubble
Deal focus: Deeproute founder jumps at second chance
Deeproute.ai has risen from the ashes of China-based autonomous driving specialist Roadstar.ai, backed by some of the same investors. Now Alibaba Group has given the company its endorsement
Eight Roads' China hospital wins backing from Swire
DeltaHealth, a China-based cardiovascular care chain established by Eight Roads, has raised $100 million in funding led by Hong Kong-listed conglomerate Swire Pacific.
D1 Capital leads $138m round for China's Xtransfer
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
Hong Kong outlines plans for local SPAC listings
Hong Kong Exchanges & Clearing (HKEx) has proposed rules for IPOs by special purpose acquisition companies (SPACs), admitting they are more stringent than the US system, but noting the need for more safeguards in a relatively retail investor-heavy market....
Taiwan's Gogoro set for $2.3b SPAC merger
A special purpose acquisition company (SPAC) backed by Homer Sun, former CIO of Morgan Stanley Private Equity Asia (MSPEA), has agreed a $2.35 billion merger with Taiwan-based electric scooter manufacturer Gogoro.
SoftBank leads $200m round for China's Keenon Robotics
China-based service robot manufacturer Keenon Robotics has raised $200 million in a Series D round led by Softbank Vision Fund 2.
Hong Kong's Prenetics agrees $1.25b SPAC merger
Hong Kong-based genetic testing business Prenetics has agreed to merge with a special purpose acquisition company (SPAC) sponsored by Adrian Cheng, scion of local property developer New World Development and managing partner of C Ventures, at an enterprise...
Profile: Vision Knight Capital's David Wei
Drawing on his experiences as a top executive at Alibaba Group, David Wei fashioned Vision Knight Capital into a China-focused private equity firm that aims to be both consultant and capital provider
Hong Kong's Lever VC closes food fund at $80m
Hong Kong-based food tech investor Lever VC has reached a final close of $80 million on its debut fund, which launched in August last year with a target of $50 million.
Alibaba leads $300m round for China's DeepRoute.ai
Alibaba Group has led a $300 million Series B round for DeepRoute.ai, a Chinese autonomous driving technology developer currently running a robotaxi program in downtown Shenzhen.
Warburg Pincus leads $93m round for China's Terminus
Warburg Pincus has led a RMB600 million ($93 million) Series B round for Hangzhou-based enterprise software company Terminus.
China's Agile Robots raises $220m
Agile Robots, a Germany and China-based industrial robotics company, has raised a $220 million Series C round led by SoftBank Vision Fund 2.
Fund focus: AGIC sticks to cross-border growth thesis
Having found its sweet spot bridging the middle markets of Asia and Europe, AGIC Capital plans to stay there – although Fund II will move earlier to capture technology hardware post-commercialization