China Renaissance
Temasek backs China industrial SaaS player
Temasek Holdings has led a RMB500 million ($77 million) round for Black Lake Technologies, a China-based software-as-a-service (SaaS) provider for manufacturers.
CDH leads $108m Series B for China baby care brand
Babycare, a Chinese baby products brand, has raised RMB700 million ($108 million) in Series B funding led by CDH Investments. Sequoia Capital China and Huaxing Growth Capital also participated.
China online education: Class war
K-12 online education in China is a battle for market share that only the largest players can afford to play. Investors can either get comfortable with high-cash-burn or look for niche exposure
Sinovation's consulting unit hits $1b valuation with Series C
AInnovation, an artificial intelligence (AI) consulting business established by Sinovation Ventures, has joined the ranks of China’s AI unicorns following a Series C round of funding.
PE-backed Pop Mart posts strong gain after $674m HK IPO
Pop Mart International Group, China’s largest fashion toy retailer, gained 79% on its Hong Kong trading debut following a HK$5.22 billion ($674 million) IPO.
Deal focus: Huaxing gives overseas LPs taste of China medtech
In addition to raising $213 million for its latest renminbi-denominated fund, Huaxing Healthcare Capital sourced $230 million from co-investors for a succession deal in China’s orthopedics space
Asia consumer & brands: Mark tank
Local consumer brands in developing Asian markets are beginning to displace established global players. Investors are supporting the uprising and contemplating global breakouts of their own
Deal focus: V2Food tackles alternative protein’s price problem
Australia’s V2Food is bringing affordability to the alternative protein space as fresh funding fuels an Asian expansion. The China entry will be a delicate proposition
Chinese antique e-commerce start-up raises $80m Series C
Wanwu Dezhi, a Chinese e-commerce platform specializing in antiques, has closed a $80 million Series C round co-led by Huaxing Growth Capital and Source Code Capital.
China biotech player Genecast raises $149m Series E
Genecast Biotechnology, a Chinese gene sequencing and precision diagnostics company, has closed a RMB1 billion ($149 million) Series E funding round led by China Structural Reform Fund.
Southeast Asia start-ups: Trials of leadership
COVID-19 has forced start-ups founders in Southeast Asia – many of whom have never experienced a crisis before – to make tough decisions. For investors, it represents a key test of management credentials
Australia's V2Food raises $55m Series B
Australian alternative protein producer V2Food has raised a A$77 million ($55 million) Series B round featuring Sequoia Capital China and Temasek Holdings.
Fund focus: A window of opportunity
With $600 million in dry powder in its third Huaxing Growth Capital US dollar-denominated fund, China Renaissance has demonstrated a willingness to deploy while others hold back
China Renaissance closes third US dollar fund at $600m
China Renaissance has closed the third US dollar-denominated fund under its flagship Huaxing Growth Capital private equity platform at $600 million.
Chinese real estate platform Beike pursues US IPO
Beike, a Chinese online real estate platform backed by Tencent Holdings, SoftBank Vision Fund and Hillhouse Capital, has filed for US IPO.
China auto parts supplier Mancando gets $57m Series B
Mancando, a Chinese automotive parts supplier, has raised a RMB400 million ($56.6 million) Series B round led by Huaxing Growth Capital. Xiang He Capital, Axiom Asia Private Capital and Oriza FoF also took part.
CMC leads Series C for Chinese B2B apparel player
Yishou, a Chinese B2B e-commerce platform specializing in apparel, has raised $40 million in Series C funding led by CMC Capital. Huaxing Growth Capital also took part in the round.
PE-backed Chinese pop toy retailer pursues Hong Kong IPO
Pop Mart International Group, China’s largest fashion toy retailer, has filed for a Hong Kong IPO. Sequoia Capital China, Loyal Valley Capital and Huaxing Growth Fund are its three largest institutional backers.
MGI Tech closes China's largest-ever genetics funding round
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE.
Chinese toy figurine retailer Pop Mart raises $100m
Chinese black-box doll retailer Pop Mart has raised more than $100 million in funding from China Renaissance and Loyal Valley Capital in what is expected to be its last round before an IPO.
Deal focus: Huilianyi’s digitization drive
China Renaissance backed Huilianyi's $42 million extended Series C round with a view to capitalizing on widespread corporate adoption of electronic invoicing
Chinese expense management specialist secures $42m
China Renaissance has led a RMB300 million ($42 million) extended Series C round for Chinese expense management solution provider Huilianyi. Additional contributions came from existing investors SBCVC, Blue Lake Capital and Z Capital.
China Renaissance looks for opportunities amid turbulence
China Renaissance ended 2019 holding RMB7.2 billion ($1 billion) in dry powder across its latest flagship renminbi and US dollar-denominated funds, with the firm noting that “great investment windows typically surface during turbulent times.”
Temasek, Tencent lead $300m round for China's MiningLamp
MiningLamp Technology, a Chinese big data company, has raised $300 million Series E led by Temasek Holdings and Tencent Holdings. Kuaishou, a local short-video sharing platform backed by Tencent, also took part in the round.