China
KKR creates China digital marketing platform
KKR has completed a platform investment in China’s digital marketing space, bringing together four local companies to provide a one-stop service covering everything from advertising to analytics.
VCs in $47m round for Chinese AI medical imaging firm
Beijing Infervision, a Chinese company that develops medical imaging technology empowered by artificial intelligence (AI), has raised RMB300 million ($47 million) in funding from investors including Xianghe Capital.
Deal focus: Qutoutiao finds its own news angle
With a market focus and a user acquisition mechanism that differentiate it from other Chinese news and video apps, Qutoutiao impressed Tencent Holdings enough to secure a $200 million Series B round
Temasek leads $250m round for China’s Sunny Education
Sunny Education, a China-based K-12 online education platform which operates under the 17zuoye brand, has raised $250 million in a Series E round led by existing investor Temasek Holdings.
Alibaba invests $2b in Southeast Asia's Lazada
Alibaba Group will invest an additional $2 billion in PE-backed online retailer Lazada. It brings Alibaba’s total commitments to the Singapore-based company to $4 billion.
Orchid leads $65m round for Chinese wedding platform
Hunliji, a China-based online wedding services provider, has raised $65 million in a Series C round of funding led by Orchid Asia Group.
China's CIC sets up $184m cross-border tech fund with Ireland
China Investment Corporation (CIC) has teamed up with state-controlled Ireland Strategic Investment Fund (ISIF) to launch a EUR150 million ($184 million) cross-border technology fund.
LPs want stability plus innovation from Chinese GPs - AVCJ Forum
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China closes debut RMB fund at $110m
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
Tencent leads $200m round for China’s Qutoutiao
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
Asia GPs must spend more time, effort extracting value - survey
Asian PE investors must accustom themselves to longer holding periods and more aggressive value creation initiatives if they are to achieve their target returns in a pricey market, according to Bain & Company.
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 leads the world in internet technology - AVCJ Forum
Mobile payment represents a “big inflection point between China and the rest of the world,” underlining how the country has become a leader in technology, according to Victor Koo, founder of video streaming platform Youku.
Carlyle exits Asia containership joint venture
The Carlyle Group has fully exited Greater China Intermodal Investments (GCI), its Asia-focused containership-building joint venture with US-based Seaspan Corporation.
China's CIC exits Blackstone stake
China Investment Corporation (CIC) has exited its remaining stake in The Blackstone Group, ending an investment of nearly 11 years.
Investors advise caution in face of crazy valuations - AVCJ Forum
The current climate of “crazy valuations” globally – and particularly in China’s internet space – cannot be sustained indefinitely and prudent investors should ensure portfolio companies are well capitalized in anticipation of a downturn, the...
Deal focus: Shunwei backs scalable home design model
Kujiale raises $100 million in Series D funding to grow its China-focused online home design tool
China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
Q&A: Danke Apartment's Derek Shen
Having helped establish LinkedIn in China, Derek Shen left the company last year to join Danke Apartment, a local start-up pursuing what he sees as a huge unrealized opportunity in the long-term property rental market
Long-term capital: The patient play
Permanent and long-term capital structures are an attractive proposition for a wide range of players in Asia’s PE market, but bringing them from theory into practice presents numerous challenges
Alibaba leads $866m round for China's Ofo
Chinese bike-sharing start-up Ofo has raised $866 million in a new funding round – comprising equity and debt – led by existing investor Alibaba Group. It is said to be the largest round raised by a bike-sharing company to date.
VCs invest $27m in Asian expansion for US-based Yogome
US-based Exceed Capital Partners has led a group of international VCs in a $26.9 million investment aimed at supporting an Asian expansion by domestic educational technology company Yogome.
China investors eye carve-out opportunities
Private equity investors continue to look overseas for control deals that have a China angle, but they expect to see greater domestic activity too as multinationals divest China operations in the face of a challenging operating environment.
China’s Linmon Pictures raises Series C
Linmon Pictures, a Shanghai-based boutique entertainment studio, has raised a Series C round of funding from domestic PE firms Hanfor Capital, CQY Capital and Wuniu Capital.