China Renaissance
Chinese insurtech player Insgeek gets $25m Series C
SIG and China Renaissance New Economy Fund have co-led a $25 million Series C round for Insgeek, a Chinese insurance technology specialist.
China logistics player Yimidida raises $140m
Yimidida, a Chinese logistics platform has raised RMB1 billion ($140 million) in an extended tranche of Series D funding. The round took place in parallel with the firm’s acquisition of Shanghai-based UC Express.
Huaxing, Hillhouse lead $50m round for China's Hetao 101
Hetao 101, a Chinese online education platform dedicated to computer programming for children, has raised $50 million in Series B funding.
Former CIC PE head joins China Renaissance
Ou Wang, the former head of private equity for China Investment Corporation (CIC), has joined China Renaissance Holdings as a strategy consultant. He has also joined the board of Huajing Securities, the firm’s mainland China-focused investment banking...
China Renaissance collects $943m for renminbi fund
China Renaissance has closed the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm with more than RMB6.5 billion ($943 million) in commitments.
China online education: Passing the test?
Capital has poured into China’s online education sector in recent years, but with losses mounting and valuations called into question, investors are finding that not all business models are created equal
Deal focus: Efficiency by numbers
Chinese big data services provider MiningLamp Software has raised $298 million with a view to expanding into new verticals. The effort will leverage a strong foothold in police and surveillance work
Chinese big data player MiningLamp raises $298m
MiningLamp Software, a big data solutions provider in China, has raised RMB2 billion ($298 million) in a Series D round of funding led by Tencent Holdings.
China social e-commerce platform Yunji targets US IPO
Yunji, a Chinese membership-based e-commerce platform that typically works with small-scale retailers that don’t have the resources to compete online, has filed to list in the US.
Shunwei leads round for Chinese apparel platform Yi Shou
Shunwei Capital, a VC firm established by Xiaomi founder Lei Jun, has led a RMB55 million ($8 million) Series B round for B2B apparel sourcing and wholesaling platform Yi Shou.
China's sharing economy: Shared dilemma
With Ofo teetering on the brink of bankruptcy, bike-sharing and the broader concept of the sharing economy in China is being called into question. The survivors will be sustainable and suitably differentiated
China credit services specialist WeShare gets $90m Series B
Shenzhen-based Chinese financial services provider WeShare has secured $90 million in Series B funding led by Huaxing Growth Capital, an investment arm of China Renaissance, as well as CITIC Capital and Loyal Valley Capital.
China Renaissance set for wealth management push
China Renaissance Holdings is planning an aggressive push into wealth management services, targeting high net worth individuals in China’s new economy, with proceeds from its upcoming Hong Kong IPO.
Tencent, Goldman join $450m round for China’s Miss Fresh
Miss Fresh, a Chinese e-commerce platform specializing in fresh produce, has raised a $450 million round co-led by Tencent Holdings, Goldman Sachs, Jeneration Capital, and US-based Davis Selected Advisers.
China's Kemei Biotechnology raises $294m round
Legend Capital and Huaxing Healthcare Fund – a private equity arm of financial advisor China Renaissance – have led a RMB2 billion ($294 million) investment in Beijing Kemei Biotechnology, a Chinese in vitro diagnostics business.
China Renaissance targets $800m in Hong Kong offering
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation...
Deal focus: MiningLamp brings AI to low-tech China
China Renaissance backs MiningLamp's ambitions to power the information processing needs of China's small businesses
China e-commerce back office support platform raises $120m
CDH Investment and Huaxing Growth Capital, a PE arm of financial advisor China Renaissance, have led a $120 million Series B round of funding for Yunji, a Chinese company that helps online retailers establish and maintain their platforms.
Chinese big data firm MiningLamp gets $159m Series C
MiningLamp Software, a big data solutions provider in China, has raised a RMB1 billion ($159 million) Series C round of funding led by China Renaissance’s Huaxing Growth Capital and Tencent Holdings.
Chinese tech firms target overseas expansion – AVCJ Forum
More Chinese technology companies have developed capabilities to expand overseas with a view to acquiring new customers that can support growth and strengthen their leading positions at home, industry participants told in AVCJ China Forum.
China apartment rental firm Ziroom raises $621m
Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings.
China's LexinFintech makes gains after $108m US IPO
LexinFintech, a VC-backed Chinese financial technology start-up best known for consumer lending platform Fenqile, has traded strongly on NASDAQ following its $108 million IPO.
China Renaissance in $604m first close on renminbi fund
China Renaissance has reached a first close of RMB4 billion ($604 million) on the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm. A final close of up to RMB6 billion is expected in early 2018.
China Renaissance adds strategies, targets $10b in AUM by 2020
China Renaissance has added dedicated healthcare and mezzanine debt strategies to its existing growth-stage private equity offering as part of efforts to more than treble its assets under management (AUM) over the next three years.