China
Trending China: On technology, trade and millennials
A few China-related observations, largely influenced by AVCJ’s recent special issue on how PE is responding to technology, a white paper released by Henry McVey, KKR’s head of global macro and asset allocation, and Sino-US trade rumblings
Warburg Pincus seals secondary buyout of China's Leyou
Warburg Pincus has agreed to acquire a majority stake in Chinese maternity products supplier Leyou. The deal will facilitate exits for The Carlyle Group and CDIB Capital.
EQT invests in Chinese facilities management business
EQT has acquired a 40% stake in China Shine, a facilities management service provider. The investment comes from the private equity firm’s Asia middle market fund.
Qiming, Sequoia-backed CooTek files for US IPO
CooTek, a Chinese company that also goes by the name of Chubao and is best-known for the TouchPal smart phone keyboard, is seeking to go public in the US.
Chinese karaoke equipment supplier gets $29m Series B
Thunder Stone Technology, a Chinese karaoke equipment producer, has received nearly RMB200 million ($29 million) in Series B funding led by China Minsheng Investment Group.
Chinese online drugstore operator targets US listing
Chinese online pharmacy operator 111 Inc, which counts ClearVue Partners, Verlinvest and BioVeda Capital among its investors, has filed for an IPO in the US.
Y Combinator hires ex-Baidu COO to lead China business
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
China-US computer vision start-up Clobotics gets $11m
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.
GGV seeks $1.9b for new venture funds
Sino-US venture capital firm GGV Capital is targeting $1.88 billion for its latest fund, which like its previous fund is grouped into four separate vehicles.
Chinese electric car maker Nio files for US IPO
China’s Nio, an electric vehicle (EV) maker backed by a number of private equity firms, has filed for an IPO on the New York Stock Exchange that is expected to be the largest US listing for a Chinese car company to date.
GA, Hillhouse lead $120m Series C for Chinese co-working space
MyDreamPlus, a Beijing-based co-working space provider, has raised $120 million in Series C funding led by General Atlantic (GA) and Hillhouse Capital.
China commercial space start-up raises $44m Series B
China International Capital Corp (CICC) has led a RMB300 million ($44 million) Series B funding round for Chinese commercial space industry start-up One Space.
Wattle Hill bids for Australia's Capilano Honey, targets China growth
Wattle Hill RHC, a private equity firm that targets Australian businesses with products and services that appeal to Chinese consumers, has won board approval for a A$189.7 million ($138 million) privatization of honey producer Capilano Honey.
Walmart, JD.com commit $500m to China grocery delivery business
US retailer Walmart and its Chinese online counterpart JD.com have led a $500 million funding round for Dada-JD Daojia, a Chinese online grocery delivery service.
China's Koala Reading raises $20m Series B round
Beijing Xiangyue Education Technology, operator of the Koala Reading platform that assesses the difficulty of Chinese language texts and helps schools create digital libraries, has received $20 million in Series B funding.
PE-backed Chinese healthtech firms to merge
China-based healthcare platforms Tencent Doctorworks and Xingren.com, both of which have several private equity and venture capital investors, have agreed to merge.
China's GSR to invest $405m in US-based Overstock
Chinese private equity firm GSR Capital has agreed to invest up to $405 million in US-listed online retailer Overstock.com and its financial technology subsidiary tZero through three separate transactions.
IDG backs Chinese sports video streaming service
IDG Capital and government-backed Huiying Borun Investment have committed RMB500 million ($73 million) to iQiyi Sports, a newly established division of the Chinese video streaming platform that listed in the US earlier this year.
Chinese P2P lending player Dianrong gets $40m
Chinese peer-to-peer (P2P) lending business Dianrong has received $40 million in funding from Dalian Financial Industry Investment Group – a joint venture investment platform established by Orix Group and the Dalian city government – against a backdrop...
Yunfeng records $2.5b final close on third China fund
Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, has raised $2.5 billion for its third US dollar-denominated fund.
China's CureGenetics gets $17m Series A round
Qiming Venture Partners has led a $17 million Series A funding round for Chinese biotechnology company CureGenetics.
GLP invests $58m in China's Wangjiahuan
GLP, a private equity-owned warehouse operator based in Singapore, has invested RMB400 million ($58 million) in Chinese agricultural products distributor Wangjiahuan.
VCs commit $22m to China laser developer
SDIC Fund Management, a GP under China’s State Development and Investment Corporation (SDIC), along with the Chinese Academy of Sciences and Suzhou Chengxin Venture Capital, has invested RMB150 million ($22 million) in Everbright Photonics, a maker...
Decheng leads Series C for China's Impact Therapeutics
Chinese biopharmaceuticals developer Impact Therapeutics has raised $30 million in Series C funding from a group of investors led by Decheng Capital.