Cathay Capital Private Equity
Cathay leads Series C for China's Unisun Energy
Cathay Capital has led a Series C round of undisclosed size for Unisun Energy, a China-based green power service provider for industrial and commercial sites.
Cathay Capital raises $262m for fourth small-cap fund
Cathay Capital Private Equity has closed its fourth small-cap fund - which will make investments across Asia, North America, and Europe - on EUR 240m (USD 262m). It takes the firm's total assets under management (AUM) past EUR 5bn.
China insurance tech player raises $43m
Shanghai Kingstar Winning Software, a digital risk control solution provider for insurers, has raised a Series C round of CNY300m (USD 43m) led by China Taiping Insurance Group.
Singapore electronics marketplace Reebelo extends Series A to $50m
Singapore electronics marketplace Reebelo has lifted its Series A round to USD 50m with a USD 29m commitment led by Cathay Innovation.
Shunwei, Xiaomi lead round for China automotive chip maker
Rhino, a China-based developer of chips used in autonomous driving, has raised an extended angel round of several hundreds of millions of renminbi.
Singapore insurance start-up Igloo lifts Series B to $46m
Singapore-based insurance technology start-up Igloo has added USD 27m to an initial USD 19m in Series B funding raised in March. Swiss impact investor BlueOrchard led the extension.
L'Oréal China investment unit backs local fragrance brand
L'Oréal has completed the debut deal from its newly formed China investment arm by participating in an extended Series A round for local fragrance brand Documents.
Deal focus: L’Oréal shows staying power
Europe-based personal care giant L’Oréal looked past short-term impediments like lockdowns and asset price corrections to join Cathay Capital in supporting Chinese perfume brand Documents
China autonomous driving player Minieye raises $120m
Chinese autonomous driving solutions provider Minieye has raised CNY 800m (USD 120m) in Series D funding across three tranches. The third tranche was led by Cathay Capital.
Cathay achieves $241m first close on renminbi fund
Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.
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
Maverick leads $75m round for Hong Kong SaaS player Coherent
Hong Kong-based no-code software-as-a-service (SaaS) provider Coherent has raised a USD 75m Series B round led by Maverick Capital.
Deal focus: Laiye leverages European connections
M&A helped Chinese artificial intelligence start-up Laiye develop its product and gain a foothold in Europe. With more than USD 160m in Series C funding, the company is aggressively targeting global expansion
China 5G chip designer Eigencomm raises $157m
SoftBank Vision Fund II has led a CNY 1bn (USD 157m) Series C for Shanghai-based chipmaker Eigencomm, with participation from new investors Cathay Capital, CoStone Capital, Chobe Capital, and GF Qianhe, a unit of GF Securities.
China 3D printing start-up WeNext raises $55m
Temasek Holdings, Cathay Capital Private Equity, and Haochen Capital have led a $55 million Series B round for WeNext Technology, a China-based 3D printing specialist.
China cleantech: Policy tailwinds
Private equity investment in China cleantech and renewables is at record levels, spurred by robust government support for the industry and a recognition that this time the boom might be sustainable
China's Momenta adds $500m to Series C round
Strategic and financial investors have put another $500 million into Chinese autonomous driving technology developer Momenta, endorsing the company's two-legged approach to commercialization
Southeast Asia's FinAccel agrees $2b SPAC merger
FinAccel, operator of Indonesia-focused consumer credit platform Kredivo, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $2 billion.
PE-backed JD Logistics raises $3.2b in Hong Kong IPO
JD Logistics, a supply chain solutions and logistics provider that spun out from Chinese online retailer JD.com, gained 3.3% on its Hong Kong trading debut following a HK$24.6 billion ($3.2 billion) IPO.
Source Code leads Series C for China online insurance broker
Yuanbao, a Chinese online insurance broker, has raised nearly RMB1 billion ($156 million) in Series C funding led by Source Code Capital. Other investors include Cathay Capital, Hike Capital, Northern Light Venture Capital, Qiming Venture Partners, and...
FountainVest leads $100m round for China's Ushopal
FountainVest Partners has led a $100 million funding round for Ushopal, a China-focused e-commerce platform that sources global luxury brands for the high-end consumer market.
China EV battery maker raises $542m Series A
Svolt Energy Technology, formerly the battery business unit of Chinese automaker Great Wall Motor, has raised a RMB3.5 billion ($542 million) Series A round featuring a string of government-linked investors.
Cathay appoints executive president, makes partner promotions
Cathay Capital has announced a spate of global personnel appointments in private equity and venture capital, including the naming of Arthur Yeung as executive president.