China
Chinese electronic signature platform gets $52m Series C
Tiger Global Management has led a Series C funding round worth RMB358 million ($52.4 million) for Bestsign, a Chinese technology developer that specializes in electronic signatures for paperless contracts.
Chinese IoT platform Viomi files for US IPO
Viomi, a Chinese manufacturer of smart household devices that works in partnership with smart phone maker Xiaomi and counts Shunwei Capital and Sequoia Capital China as investors, has filed for an IPO in the US.
Chinese autonomous driving player Yihang raises Series B
Yihang.ai, a Chinese autonomous driving technology provider, has received RMB220 million ($32.2 million) in Series B funding led by a fund managed by China International Capital Corporation (CICC).
Sequoia raises $2.5b for China funds
Sequoia Capital has closed its latest China funds with $2.5 billion in commitments across growth, venture, and seed strategies.
Chinese online fabrics trader Baibu raises $30m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $30 million in a first tranche of Series C funding led by Bull Capital Partners.
Legend, Tiger back Chinese industrial e-commerce platform
Legend Capital and Tiger Global Management have led a $129 million Series C round for Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products.
SoftBank Vision Fund forms JV with Chinese insurer Zhong An
SoftBank Vision Fund has entered into a technology development joint venture (JV) with Zhong An, a PE-backed Chinese insurance company. It will see each party contribute $100 million.
China's Shansong Express raises $60m
Shansong, a Chinese start-up that provides intercity courier services, has raised $60 million in the first tranche of a Series D round. It comes 15 months after the company closed its Series C at $100 million.
GIC leads $85m Series B for China's Harbour BioMed
Harbour BioMed, a China-based biopharmaceutical company focused on treatments for cancer and autoimmune disorders, has raised an $85 million Series B round led by Singapore’s GIC Private.
Alibaba merges food delivery units, raises $3b
Alibaba Group has merged Ele.me, a China-focused food delivery platform that it acquired earlier this year, with its local services platform Koubei. The combined platform has raised $3 billion from investors including Alibaba and SoftBank Group.
GPs support $590m investment in take-private target China Biologic
China Biologic Products, a US-listed biopharmaceuticals player that was subject to two take-private offers, said it was set to raise $590 million by issuing new shares to investors including Centurium Capital, CITIC Capital, and Hillhouse Capital.
China PE: Exit issues
Chinese GPs appear to be reevaluating their exit options as a shifting landscape for local IPO and trade sale markets suggests economic concerns and increased scrutiny
China’s GL commits $12.5m to UK-listed healthtech platform
GL Capital, a healthcare-focused GP based in China, has invested GBP9.75 million ($12.5 million) in UK-listed health technology platform Oxford BioDynamics (OBD) as part of a larger partnership aimed at expansion in China.
Chinese fintech start-up Blackfish gets $50m
A group of VCs including Lightspeed Venture Partners has invested $50 million in Blackfish Technology, a Chinese financial technology start-up offering a range of retail banking services.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
China facilities management: Cleaning up
Private equity investors are turning their attention to China’s outsourced facilities management market, recognizing the opportunities presented by under-penetration and fragmentation
Deal focus: China baby boom market comes of age
Warburg Pincus has acquired Chinese mother-and-baby company Leyou, providing an exit for CDIB Capital and The Carlyle Group. The deal signals a rapid maturation process in the segment
Orchid, TPG lead $110m Series C for China's Duiba
Orchid Asia and TPG Capital have led a $110 million Series C round for Duiba, a Chinese enterprise services company that specializes in marketing and user engagement programs.
China’s Maimai gets $200m Series D
Maimai, a Chinese social networking app for professionals that is seen as the country’s equivalent to LinkedIn, has raised $200 million in Series D funding led by DST Global.
Autonomous vehicles: Driving ambition
Asia’s driverless car space has become an increasingly popular investment destination in recent years, but a number of significant challenges must be resolved for the sector to gain widespread social acceptance
Chinese news aggregator Qutoutiao preps for US offering
Qutoutiao, a Chinese news aggregator app that seeks to differentiate itself from market leader Jinri Toutiao by focusing on entertainment-oriented content, has announced plans to list in the US.
China Biologic Products receives competing take-private offer
US-listed China Biologic Products has received a buyout offer worth $3.9 billion from a consortium including former CEO David Gao and CDH Investments. It follows a $3.6 billion bid last month by CITIC Capital.
China's PE-backed AsiaInfo files for HK IPO
AsiaInfo Technologies, a Chinese telecommunications software provider backed by a number of private equity firms, has filed for a Hong Kong IPO.
Chinese online crafts platform raises $44m Series B
Cathay Capital has led a RMB310 million ($45 million) Series B round of funding for Tongshifu, a Chinese online crafts platform that specializes in decorative brass works.