Banyan Capital
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.
China fund administration: In or out?
Whether they are US dollar managers upgrading their LP bases or renminbi GPs tapping offshore investors for the first time, China PE firms increasingly see the reputational value of independent administration
China fintech: Transition time
Capital continues to flow into China’s internet finance industry, but competition and regulation are changing the dynamics. VC investors can do well, provided they stay ahead of the game
China co-working space operator raises $31m
UrWork, a co-working space for Chinese start-ups, has raised RMB200 million ($31 million) in an extended Series A round of funding.
China GPs wary of inflated unicorns – AVCJ Forum
China has no shortage of technology unicorns with valuations in excess of $1 billion, but picking the right team to back requires careful assessment, China-focused GPs said at the AVCJ China Forum.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
AVCJ Awards 2015: Fundraising of the Year - Venture Capital: Banyan Capital
Set up in 2013, Banyan Capital got busy quickly in China’s early-stage space and is now managing its second US dollar fund, which closed at $362 million
VC top-up funds: Extra ordinance
A growing number of Chinese VC firms are raising top-up funds so they can continue supporting portfolio companies through ever larger growth rounds. Has the fundraising landscape changed forever?
Temasek, Hillhouse lead $150m round for China’s Aiwujiwu
Aiwujiwu, a Chinese rental and second-home listings portal, has completed a Series E round of funding worth $150 million round led by Temasek Holdings and Hillhouse Capital.
China’s Meituan leads $35m round for online campus store
Zhai.me, a Shanghai-based online convenience store aimed at students, has raised $35 million in a Series B round of funding led by Meituan.com, a group-buying site backed by Alibaba Group and several VC firms.
China’s Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
GGV, Morningside back China real estate site Aiwujiwu
GGV Capital and Morningside Technologies have led a $120 million Series D round for Aiwujiwu, a Chinese rental and second-home listings portal. Existing investors Shunwei Capital Partners and Banyan Capital also participated.
China VC firm Banyan closes $100m co-investment fund
Chinese venture capital firm Banyan Capital has closed its latest co-investment fund at $100 million, having spent just one month in the market.
Banyan leads $50m Series A for China education platform
Banyan Capital has led a $50 million Series A round of funding for Genshuixue, committing $41 million to the online education platform.
Chinese smart bicycle maker raises $15m
700Bike, a Chinese smart bicycle manufacturer, has raised a Series A round of funding worth $15 million from Banyan Capital, China Growth Capital and IDG Capital Partners.
China’s Banyan fast-tracks Fund II
The launch of Banyan Capital's second US dollar-denominated fund came sooner than expected. The China-focused VC firm, which spun out from IDG Capital Partners and closed its debut vehicle at $206 million just over 12 months ago, had the Fund II launch...
Banyan closes second China VC fund at $362m
Banyan Capital, a China-focused VC firm that spun out from IDG Capital Partners, has closed its second US dollar-denominated fund at $362 million.
Capital Today, New Horizon lead $100m round for Beibei
Capital Today and New Horizon Capital have led a $100 million Series C round for Beibei.com, a Chinese online discount retail platform for maternity and baby products. Existing investors Banyan Capital and IDG Capital Partners also participated.
The crystal ball: Predictions for 2015
From China and India to Southeast Asia and Japan, private equity professionals give their perspectives on the year to come for fundraising, investments and exits
Banyan leads $35m round for Chinese wearables maker
Banyan Capital has led a $35 million Series B round of funding for Huami, a Chinese start-up that manufactures fitness wearables launched by smart phone maker Xiaomi.