China Renaissance
VC-backed LexinFintech files for US IPO
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
Hillhouse leads $46m round for China O2O fitness platform
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
Tech M&A: Tactical forays
A new generation of Chinese technology companies – conscious of the need to stay competitive – are becoming more active M&A players as they choose to buy rather than build their way into multiple verticals
All-Stars, Ctrip lead $300m round for China’s Tujia
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
China Renaissance recruits ex-GA executive for PE unit
China Renaissance Group has appointed Ke Wei, formerly a managing director at General Atlantic (GA), as a partner in its private equity investment platform, known as the New Economy Fund.
China B2B steel-trading platform raises $74m
Chinese B2B steel-trading platform Zhaogang.com has received RMB500 million ($74 million) from existing investors China Renaissance Private Equity Fund and West Fund, as well as the Russia-China Investment Fund (RCIF).