China
PE and smart manufacturing: Intelligent designs
The emergence of internet-connected manufacturing has created a new investment area that will impact adjacent sectors and even entire economies for decades to come. PE is among the early movers
VIDEO: Lorna Chen, Shearman & Sterling
Lorna Chen, partner and head of the Asia asset management and investment funds practice at Shearman & Sterling, discusses China outbound investment
CMC, Sequoia launch sport fund, back China kickboxing business
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.
Ally Bridge backs $301m Luoxin Pharma take-private
Healthcare-focused PE investor Ally Bridge Group will support the HK$2.3 billion ($301 million) management-led take-private of Hong Kong-listed Shandong Luoxin Pharmacy Group.
Qualcomm, Accel back India-China IoT player Borqs
Qualcomm Ventures and Accel Partners India have co-led a new round of funding worth $10 million for Borqs, an India-China venture that develops internet-of-things (IoT) devices.
Legend leads $36m round for China truck logistics platform
Legend Capital has led a RMB250 million ($36 million) Series C round for Fuyoukache, a Beijing-based online truck logistics platform.
IFC proposes $25m investment in Carlyle Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $25 million to The Carlyle Group’s latest Asia growth fund, which has a target of $1 billion.
Hong Kong PE buys into US-HK entertainment merger
Co-High Investment Management, a Hong Kong-based private equity firm focused largely on culture and media, has agreed to invest in a film production company formed through a US-Hong Kong merger.
Business cycles: China bike-sharing start-ups
Mobike and Ofo are engaged in a battle of private equity-fueled one-upmanship as they strive for supremacy in China's bike-sharing space. Will they die off, merge or become differentiated (and profitable)?
IDG-led consortium completes buyout of Osram unit
A Chinese consortium led by IDG Capital has completed the purchase of Ledvance, the lamps business of German lighting manufacturer Osram, for approximately EUR500 million ($527 million).
Dual currency fundraising: Servant of two masters
A resurgence in renminbi fundraising has prompted GPs best known for US dollar funds to enter the local currency market. Addressing conflicts of interest in an increasingly complex industry will prove difficult
Brookfield to acquire SunEdison's yieldco platforms
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
Matrix leads $15m Series C for China’s Easemob
Matrix Partners China has led a RMB103 million ($15 million) Series C round of funding for Easemob, a Chinese start-up that provides instant-messaging services to mobile app developers.
China NPLs: Great expectations
Foreign private equity firms are positioning themselves to address an anticipated surge in non-performing loan sales to third-party investors. Will the reality match the hype?
Q&A: GGV Capital's Jenny Lee
Jenny Lee, managing partner at Sino-US VC firm GGV Capital, discusses supporting start-ups from early through later-stage rounds, and why technology players increasingly need to think internationally
China cloud computing: Billowing forth
China’s nascent cloud computing industry appears set to replicate a US-style growth trajectory. Venture investment, however, may play a larger role due to a range of cultural and economic differences
China outbound M&A: Time will tell
Restrictions on outbound investment have China’s investor community scrambling to adapt, but devising a proper response depends on future decisions from notoriously opaque regulatory agencies
China VC spin-outs: Daddy issues
Several managers in the latest generation of China VC spin-outs retain close ties to their former corporate parents. These relationships can deliver great deal flow, but also governance headaches
Ping An leads Series C for Singapore’s Bigo Live
Bigo Live, a Singapore-based social video streaming app, has raised a Series C round of funding from a Hong Kong-based investment arm of Ping An Insurance Group.
Chengwei leads Series B round for China messaging service provider
Chengwei Capital has led a Series B round of funding for Xin Xi Bao, a Chinese text messaging software developer.
VIDEO: Milton Chou, GE Ventures
Milton Chou, China growth leader and senior director at GE Ventures, discusses the role of a captive VC firm
China chauffeured car service Ucar raises $668m
Chinese chauffeured car service provider Ucar, which is backed by Warburg Pincus and Yunfeng Capital, has raised RMB4.6 billion ($668 million) through a private placement on the National Equities Exchange and Quotation (NEEQ).
CLSA invests in China’s Azoya
CLSA Capital Partners (CLSA CP) has invested in Chinese cross-border e-commerce solutions provider Azoya.
China’s JD.com spins off VC-backed financial unit
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.