China Everbright
Deal focus: CITIC backs China geothermal energy player
Investing in Icelandic geothermal energy required a certain level of creative thinking from CITIC Capital and China Everbright. But their partner, Artic Green Energy, is already making a difference in China's polluted cities
Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
Yunfeng joins $817m investment in Suning finance unit
Yunfeng Capital is among 15 investors that have committed RMB5.34 billion ($817 million) for a 16.5% stake in Suning Finance, a financial services subsidiary of Chinese home appliance retailer Suning Commerce Group.
China Everbright, Walden launch semiconductor fund
China Everbright and venture capital firm Walden International Group have jointly launched a $500 million fund focused on semiconductors and industrial technology.
Partial exits shelved as China's Best cuts size of offering
Planned partial exits for investors in Best Inc. were shelved as the Alibaba Group-backed Chinese logistics operator raised a lower-than-expected $450 million in its US IPO. The stock increased 5% on debut.
China's Best targets $1b IPO, PE backers seek partial exits
A string of private equity investors are set for partial exits as Best Inc, a Chinese logistics operator backed by Alibaba Group, looks to raise up to $1.07 billion in its New York Stock Exchange IPO.
PAG, Primavera lead $118m round for China's Dashu Finance
PAG Asia Capital and Primavera Capital have led a Series C round of funding worth $118 million for Dashu Finance, which provides outsourced credit services to banks looking to participate in the small loans space.
Chinese smart city platform receives $73m
China Everbright, IDG Capital and CITIC Private Equity have participated in a RMB500 million ($73.5 million) Series A round of funding for Terminus Technologies, which claims to be China’s largest city-level mobile internet platform.
Everbright-IDG joins Series C for Chinese electric car maker
Everbright-IDG Industrial Fund has invested an undisclosed sum in China-based smart electric car maker Nio - formerly known as NextEV - as part of a Series C round that is still in the process of being raised.
Deal focus: Wish scales up cross-border e-commerce
Wish secures an extended Series F round to build out its platform that enables Chinese suppliers to sell cut-price goods to US and European consumers
Cross-border e-commerce site Wish raises new round
Wish, a San Francisco-based cross-border e-commerce app backed by several Asian investors, has completed a Series F round led by Everbright-IDG Industrial Fund.
VCs back China female-focused consumer finance start-up
Shanghai Mime Financial, a consumer finance platform targeting the young females in China, has raised a Series C round led by domestic investors Haier Capital, Xiyu Capital and Panda Capital.
Oceanwide, IDG Capital complete purchase of International Data Group
China Oceanwide Holdings has completed its acquisition of International Data Group (IDG) and now holds a 90% stake in the target’s operating business, with IDG Capital owning the remaining 10%.
IDG-led consortium completes buyout of Osram unit
A Chinese consortium led by IDG Capital has completed the purchase of Ledvance, the lamps business of German lighting manufacturer Osram, for approximately EUR500 million ($527 million).
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.
PE-backed e-Shang Redwood gets $300m pre-IPO round
E-Shang Redwood (ESR), a pan-Asian logistics services company backed by Warburg Pincus, has received a $300 million pre-IPO investment from a consortium of Chinese investors.
AVCJ Awards 2016: Exit of the Year - IPO: Focus Media
Moving from a privatization in the US to a re-listing in Shenzhen through a reverse merger – in the space of 30 months – Focus Media blazed a trail that others have sought to follow
Everbright-IDG fund commits $72m to China e-commerce app
China Everbright (CEL) and IDG Capital Partners have completed a RMB500 million ($72 million) investment in Daling, which operates a Chinese mobile shopping recommendation app targeted at women.
Everbright ReInfore leads $102m round for China retail portal
Everbright Reinfore, a China-focused PE firm under the China Everbright Group umbrella, has led a RMB700 million ($102 million) Series B round for Beijing DS365 Technology, which operates an online retail portal.
China Everbright’s mezz fund backs Sichuan Dekang Agriculture
China Everbright has made an equity investment in Sichuan Dekang Agriculture Technology, a livestock farming company in China, through its renminbi-denominated mezzanine fund.
China video app developer Yixia raises $500m round
Chinese social media platform Weibo Corporation has led a $500 million Series E round of funding for Yixia Technology, a Beijing-based video app developer.
China's Betta Pharma completes $106m domestic IPO
Betta Pharmaceuticals, a Chinese VC-backed drug developer backed by several venture investors, has completed a RMB720 million ($106 million) IPO on Shenzhen’s Growth Enterprise Market Board.
Blockchain: Ethereal frontiers
As blockchain segments mature in Asia, private equity and venture capital investors will benefit from a range of new entry points. Pitfalls related to the technology’s obscure nature, however, will persist
China fundraising: Joining forces
The Everbright-IDG Industrial Fund is one example of investors joining forces to address the investment opportunities created by China's evolving economy. Are two heads really better than one?