Chengwei Ventures Shanghai
Alibaba seeks full ownership of video platform Youku Tudou
Alibaba Group is looking to take full ownership of Chinese online video platform Youku Tudou in a deal that values the US-listed company at approximately $4.2 billion.
VCs commit $100m to China app launcher Apus
Chengwei Ventures, SIG Ventures and Qiming Venture Partners have led a $100 million Series B round of funding for Apus, a Beijing-based company that has developed a suite of products intended to speed up Android operating systems.
Chengwei invests $20m in Chinese drone manufacturer
Chengwei Capital Partners has invested $20 million in a Series A round of funding for XAircraft Aerial Solutions, a Chinese multi-rotor and drone maker.
China’s Pixar dream wins VC support
Gary Wang has start-up pedigree. The Chinese entrepreneur took online video company Tudou.com from nothing to a US listing, and two years ago, a merger with rival Youku.com in a deal worth $1 billion. Wang now runs an animated film studio, which is already...
GGV, Chengwei lead $20m round for Chinese animation studio
GGV Capital and Chengwei Capital have led a $20 million Series B round of funding for Light Chaser Animation Studios, a Chinese animation producer.
PE-backed AAG Energy pulls Hong Kong IPO
Asian American Gas (AAG) Energy, a Chinese natural gas producer backed by Warburg Pincus and Baring Private Equity Asia (BPEA), has postponed its Hong Kong IPO due to challenging market conditions. The company started pre-marketing for the up to $200...
PE-backed AAG plans $200m Hong Kong IPO – report
Asian American Gas (AAG) Energy, a China-based gas developer backed by Warburg Pincus, Baring Private Equity Asia and Chengwei Ventures, is reportedly planning to raise up to $200 million through a Hong Kong IPO.
Carlyle sees value in mid-market hotels
Marriott to Hilton to Shangri-La, international hotel brands are buys expanding their footprints in China. Among the country’s 600 five-star hotels, more than 500 are still under construction, and average occupancy rates are barely 60%, the lowest in...
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
VC-backed video sites Youku, Tudou announce merger
Youku and Tudou, China’s leading online video companies - both of which are US-listed - will merge in a 100% stock-to-stock to transaction worth over $1 billion. The combined entity will be the country's biggest video platform with a more than 35% market...
VC-backed Youku raises $203 million in IPO, trading at a high premium to opening price
The same week that China’s Dangdang.com was touted as one of the largest IPOs to come out of the New York Stock Exchange this year, the public debut of Youku.com achieved the same acclaim, raking in $203 million.
Youku files for US-based IPO, aiming for $150 million
China’s top online video site Youku.com, backed by VC firms including Chengwei Ventures and Maverick Capital, has submitted filings to the US Securities and Exchange Commission in hopes of launching an IPO that could garner up to $150 million – a...
VC-backed PRC hotel chain rises on NASDAQ debut
China Lodging Group Ltd, an economy hotel chain operator in China, has debuted on NASDAQ with a 27% rise on its first day's trading.
Youku Series E nets $40 million
A Series E fundraising round for Chinese online video site Youku.com has raised around $40 million in its first tranche, with Chengwei Ventures leading fellow repeat investors Brookside Capital, Maverick Capital and Sutter Hill Ventures.