China
Consumer specialist Tiantu closes $218m renminbi fund
Tiantu Capital, a China-based consumer-focused venture capital firm, has raised CNY1.5bn (USD 218m) for its latest renminbi-denominated fund.
Coller closes first deal for debut renminbi fund
Coller Capital has completed the first deal from its debut renminbi-denominated secondaries fund, participating in a CNY 315m (USD 46m) GP-led transaction involving healthcare assets held by Chinese VC firm Legend Capital.
1Q analysis: Barely disguised weakness
Government guidance funds in China and Toshiba Corporation in Japan papered over obvious cracks in Asia private equity fundraising and investment. Nothing could hide the pain around exits
Asia fundraising: To the grindstone
As macro uncertainties add red tape to fundraising processes and oblige some managers to operate on a deal-by-deal basis, the improvisational, survivalist nature of Asian private equity is on display
Deal focus: Bibo puts the smart into chassis
Tsinghua University spinout Bibo has stolen a march on its local rivals in developing a specific electric vehicle component that has a large addressable market and serves as an import substitution play
Q&A: Vitalbridge Capital's Jinjian Zhang
Jinjian Zhang, founder of Chinese VC firm Vitalbridge Capital, on addressing domestic turbulence, getting investors to reengage on China, and where he sees opportunities in Southeast Asia
Warburg Pincus set to buy minority stake in Chinese fund house
Warburg Pincus has received regulatory approval to acquire a 23.3% stake in Zhong Ou Asset Management (Zhong Ou AMC), a Chinese mutual fund manager, from Italy's Intesa Sanpaolo Bank.
Nio Capital, Xiaomo back China 4D radar start-up Sinpro
Sinpro, a China-based developer of hardware sensor products, has raised a Series A amounting to several hundred million renminbi led by Nio Capital and Xiaomi.
China's Alebund Pharma gets $145m in debt, equity funding
Alebund Pharmaceuticals has raised close to CNY 200m (USD 29m) in a pre-Series C funding round. Investors include state-owned Yangzhou Guojin Investment and Yangzhou Longchuan Holdings.
China HR SaaS player Beisen completes $30m HK IPO
Beisen Holding, a China-based human resources software-as-a-service (SaaS) platform backed by the likes of SoftBank Vision Fund 2, Goldman Sachs, Matrix Partners China, and Sequoia Capital China, fell 12% on debut following a HKD 238.9m (USD 30m) Hong...
China automotive parts supplier Bibo raises $29m
Nio Capital and Hangzhou-based Orient Jiafu Asset Management have led a CNY 200m (USD 29m) Series A round for Bibo, a China-based automotive parts supplier.
China hotpot home dining player Guoquan pursues HK listing
Guoquan, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, has filed for a Hong Kong IPO.
Lightspeed China hits first close on renminbi fund
Lightspeed China Partners has returned to the renminbi funds space for the first time in seven years, reaching a first close of CNY 800m (USD 116m) on its latest local currency vehicle.
Coller launches $218m renminbi secondaries fund
Coller Capital has launched a renminbi secondaries fund with a target of CNY 1.5bn (USD 218m), confirming it has secured a first close of undisclosed size.
China chip packaging player SJ Semiconductor raises $340m
Legend Capital, CITIC Securities-controlled Goldstone Investment, and Ince Capital have participated in an extended Series C round of USD 340m for SJ Semiconductor, a China-based chip packaging business.
China decision-making software provider raises $73m
Chinese enterprise software company Cardinal Operations has raised CNY 500m (USD 73m) in two tranches of Series C funding, each led by a state-backed VC fund.
Deal focus: Qiming bets on resilience in China's coffee space
Qiming Venture Partners has doubled down on Chinese coffee brand Tasogare, identifying a consumer category endowed with rare advantages and poised to benefit from a broader domestic retail rebound
Shunwei leads $10m round for China RPA player
Naturobot, a China-based robotic process automation (RPA) start-up, has raised a new round amounting to about USD 10m led by Shunwei Capital.
CCV leads round for China chip designer Cmind-Semi
Cmind-Semi, a China-based wireless communication chip designer, has raised a pre-Series A round led by China Creation Ventures (CCV). Existing investors Walden International Investment and Legend Capital also took part.
Hopu Magnolia cuts fund target, seeks to delay final close
Hopu Magnolia, a growth capital unit of Chinese private equity firm Hopu Investment Management, has cut its planned new fund size to USD 250m, almost half of the original target.
Japan-inspired Chinese coffee brand gets Series C
Chinese coffee brand Tasogare has raised several hundred million renminbi in a Series C funding round led by Yijing Capital and state-controlled Jiande Group. Qiming Venture Partners and Bu’er Capital re-upped.
China autonomous truck developer DeepWay raises $112m
China’s DeepWay, a smart electric truck developer established by Baidu, has raised CNY 770m (USD 112m) in an extended Series A round featuring SB China Venture Capital (SBCVC).