Greater China
Brookfield hires ex-Blackstone executive to lead China PE
Alex Yang, formerly a senior managing director at The Blackstone Group, has been recruited by Brookfield Asset Management to lead its private equity business in China.
China's Connect Biopharma gains 8% on debut after $191m US IPO
Connect Biopharma, a China-headquartered drug developer specializing in treatments for T cell-driven inflammatory diseases, gained 8.8% on debut following a $191.3 million US IPO.
China autonomous driving developer Momenta raises $500m
SAIC Motor, Toyota Motor Corporation, Robert Bosch, Yunfeng Capital, and Temasek Holdings are among the investors in a $500 million Series C funding round for Chinese autonomous driving technology developer Momenta.
China cybersecurity player ThreatBook raises $77m
Beijing-based cybersecurity solutions provider ThreatBook has completed a RMB500 million ($77 million) Series E round led by CPE and featuring existing investor V Fund.
China's Tuya completes $915m IPO, gains on debut
Tuya, a Chinese start-up that claims to be the world’s largest platform-as-a-service (PaaS) provider in terms of number of smart devices powered, raised $915.4 million in its US IPO. The offering was priced above the indicative range yet still registered...
China's GSR Ventures appoints first female managing director
Yutong Zhang has become the first woman to join the team of managing directors that leads Chinse VC firm GSR Ventures.
Hong Kong's Gly Capital launches $300m mobility tech fund
Gly Capital, a Hong Kong-based investor controlled by Chinese auto giant Geely, has launched a $300 million mobility tech fund.
Temasek leads round for China marketing content start-up
Tezign, a Chinese start-up that serves as a content-focused one-stop marketing solutions platform, has closed a second tranche of Series C funding that takes the overall total for the round to $100 million.
China biotech makes Asia global healthcare PE leader
A more than 100% year-on-year increase in deal volume saw Asia Pacific overtake North America to become the most active global private equity healthcare market for the first time in 2020.
China's B2B trading platform Ichunt raises $100m
Ichunt.com, a Chinese B2B trading platform for electronic components, has raised nearly $100 million in Series C funding from JD MRO, the industrial supplies business of local e-commerce giant JD.com.
CMB, Tiantu lead $300m Series D for China's Guoquan
Guoquan, a Chinese hot pot ingredients supplier, has raised a $300 million Series D round led by CMB International and Tiantu Capital.
China agricultural drone maker XAG raises $46m
XAG, a Chinese manufacturer of agricultural drones, has raised RMB300 million ($46 million) in funding from GL Ventures.
CITIC Capital rebrands as Trustar, backs Swiss medtech business
CITIC Capital Partners, a private equity firm part-owned by Chinese conglomerate CITIC Group, has rebranded as Trustar Capital.
Hillhouse, Tencent lead Series C for China's Fenbeitong
Hillhouse Capital and Tencent Holdings have led a $92.5 million Series C round for Fenbeitong, a China-based enterprise payment and expense management software provider.
China VC player Source Code to raise $1b
Source Code Capital, a Chinese venture capital firm founded by Yi Cao (pictured), formerly of Sequoia Capital China, is set to raise $1 billion across two funds.
Deal focus: MetaApp's supply-demand solution
China-based MetaApp has created an online platform that connects games with relevant gamers. Community building and social interaction are its watchwords
Fund focus: See Fund backs university talent
Having launched his own start-up on campus, Song Yao of See Fund is returning to China’s academic institutions to look for the next generation of hard technology unicorns
LP interview: Sun Hung Kai & Co
Lindsay Wright, CEO of the newly launched funds management unit at Sun Hung Kai & Co, is helping reposition a Hong Kong financial services mainstay as an alternatives investor
Sequoia leads Series A for China software start-up Terminus
Hangzhou-based enterprise software company Terminus has raised RMB400 million ($61 million) in Series A funding led by Sequoia Capital China. Existing investors Alibaba Cloud and Glory Ventures re-upped.
China mobile charging business targets US listing
Energy Monster, China’s largest mobile device charging service provider by gross revenue, has filed for a US IPO.
Shaw Kwei recruits managing director in Hong Kong
Shaw Kwei & Partners has recruited Paul DeMand, who brings three decades of operational experience in the automotive, electronics, and precision machining industries, as a managing director.
SPACs in Asia: Out of the comfort zone
Several Asian stock exchanges will consider allowing SPAC offerings, but implementation may run contrary to their regulatory ethos – and there is no guarantee of a strong market response
Hillhouse agrees partnership with Jardines
Hillhouse Capital has teamed up with Asian conglomerate Jardine Matheson to pursue investment and business development opportunities in Greater China and Southeast Asia.
Warburg Pincus, Hillhouse back China's JD Property
JD Property, the infrastructure property asset management arm of Chinese e-commerce giant JD.com, has raised a $700 million Series A round led by Warburg Pincus and Hillhouse Capital.