China Merchants Capital
PE-backed Guoquan Food raises $52.5m in Hong Kong IPO
Guoquan Food, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, is trading at a 8.8% premium to its IPO price following a HKD 411.4m (USD 52.5m) Hong Kong offering.
China's Neurophth Biotechnology gets $97m Series C extension
Neurophth Biotechnology, a China-based gene therapy developer specialising in ocular diseases, has raised nearly CNY 700m (USD 97m) in an extended Series C round.
China Merchants Capital moves for Bain target Chindata
China Merchants Capital is challenging Bain Capital for Chindata Group, a largely China-focused data centre operator, having submitted a USD 3.4bn all-cash offer for the US-listed company.
CDH leads $52m round for China's Boss Digital
The venture-growth unit of China's CDH Investments has led a CNY 370m (USD 52m) round for Boss Digital Procurement Technology Development, a subsidiary of Shenzhen-listed Fujian Boss Software.
Hidden Hill joins $145m round for China's Sany Heavy Truck
Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry focused on developing new energy trucks, has raised nearly CNY 1bn (USD 145m) in Series A funding.
Deal focus: Ruiyun heats up China’s cold chain industry
Ruiyun Cold Chain will use its pre-Series A funding to continue industry consolidation efforts, build out full-truckload and less-than-truckload services, and develop a tech platform that does more than matchmake
China's Ruiyun Cold Chain raises $28m
Ruiyun Cold Chain, a China-based cold chain services provider, has raised CNY 200m (USD 28m) in an extended pre-Series A round led by Mitsubishi and Mizuho Leaguer Investment Fund.
Indonesia's INA, Chinese partners form $2bn EV fund
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), has launched a USD 2bn green electric vehicle (EV) fund with Chinese battery manufacturer CATL and the international arm of China Merchants Bank (CMB).
China battery maker WeLion secures $207m Series D
Beijing WeLion New Energy Technology, a China-based manufacturer of lithium-ion batteries, has raised CNY 1.5bn (USD 207m) in Series D funding led by Chengtong State-Owned Enterprises Mixed Ownership Reform Fund.
TPG-backed Dingdang Health raises $51m in Hong Kong IPO
Chinese online pharmacy platform Dingdang Health has raised HKD 402.4m (USD 51m) through a Hong Kong IPO, defying challenging conditions for financial sponsors targeting the bourse.
Renminbi GPs wary of government guidance funds as LPs
Chinese government guidance funds represent a potentially rich source of capital for managers in the renminbi-denominated space, but some are reluctant to take it, the Hong Kong Venture Capital & Private Equity Association's (HKVCA) China forum heard.
China Merchants Group backs CDMO player Porton Advanced
Three entities under China Merchants Group (CMG) have led a USD 80m Series B round for Porton Advanced Solutions, a local contract development and manufacturing organisation (CDMO) that focuses solely on gene and cell therapy services.
China EV maker Eezi raises $78m
Shenzhen-based electronic vehicle (EV) manufacturer Eezi has raised a CNY 500m (USD 78m) pre-A round led by China Merchants Venture.
China AI start-up Aibee joins unicorn club
China-based artificial intelligence start-up Aibee has achieved a valuation of more than USD 1bn on closing a new funding round led by smartphone brand Xiaomi and featuring China Merchants Capital.
China GPU chip designer secures $313m Series A
Moore Threads, a Chinese chip designer established 13 months ago by a team from Nvidia, has closed Series A at RMB2 billion ($313 million) led by Shanghai Guosheng Capital, 5Y Capital, and a BOC International fund.
Hong Kong’s OrbusNeich raises $200m
Hong Kong-based medical devices maker OrbusNeich Medical Group has raised about $200 million across two rounds featuring Shenzhen Capital Group and its Red Earth Healthcare Investment Fund.
China gas station platform Newlink raises $308m
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations and charging piles, has raised RMB2 billion ($308 million) led by China Merchants Capital.
China cancer screening specialist raises $99m
China Merchants Capital has led a $99.5 million funding round for Berry Oncology Corporation, an early cancer screening spin-out from China-based genetic testing specialist Berry Genomics.