China
China O2O player buys VC-backed last-mile delivery app
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has acquired a controlling stake at Beequick, a snack food delivery app backed by several VC investors.
China logistics: Time to deliver
The pursuit of Global Logistic Properties (GLP) is a natural consequence of more private capital entering China's transportation and logistics sector - indeed, GLP itself is managing a sizable portion of this capital
Chinese VC-backed car valuation platform raises $29m
Che300.com, a Chinese VC-backed platform that values used cars, has raised RMB200 million ($29 million) in a Series C round of funding led by state-owned automotive company SAIC Motor.
China online pharmaceutical trading site raises $16m
Yaoshibang, a Chinese B2B pharmaceutical trading platform, has raised a RMB110 million ($16 million) Series B round co-led by Shenzhen-based Green Pine Capital Partners and Fosun Group.
VIDEO: Xiaolin Zhang, Shoreline Capital
Xiaolin Zhang, co-founder and managing partner of Shoreline Capital, discusses non-performing loan (NPL) investment opportunities in China
PAG, Meridian invest $225m in Food Union Group
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
Longreach achieves first close on North Asia buyout fund
The Longreach Group is understood to have reached a first close of approximately $200 million on its third North Asia-focused mid-market buyout fund, which has a particular focus on Japan. The full target is $650 million.
Renminbi fundraising: Policy power
The launch of several huge government-backed funds has skewed renminbi-denominated fundraising in China. What does their arrival mean for valuations and for the nascent independent LP community?
Avery Dennison to buy China's YongLe Tape from Shaw Kwei
Shaw Kwei & Partners has agreed to sell YongLe Tape – a Chinese PVC adhesive tape manufacturer that it privatized in 2012 – to Avery Dennison for $190 million, with additional earn-outs of up to $55 million.
Global Logistic Properties confirms buyout bids
Global Logistic Properties (GLP), a Singapore-listed warehouse operator with a $40 billion portfolio – over half of which is based in China – has confirmed the receipt of multiple buyout offers.
China delivery start-up Shansong gets $50m Series C
Shansong, a Chinese start-up that provides intercity courier services, has raised a $50 million Series C round of funding led by SIG Asia Investment and Yi Capital.
China's Toutiao acquires US VC-backed video app Flipagram
Chinese mobile news reading app Toutiao has acquired Flipagram, a US-based video sharing app backed by several VC investors, for an undisclosed amount.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
CIC, Temasek, Hopu back Shenzhen innovation fund
China Investment Corporation (CIC), Silk Road Fund, state-owned property developer Shum Yip Group and Singapore's Temasek Holdings have launched a technology investment fund in partnership with SoftBank-owned ARM Holdings and Hopu Investments.
IDG Capital: Jack of all trades
IDG Capital has agreed to buy its parent, International Data Group's investment unit. It is the latest in a string of bold moves as IDG Capital looks to broaden its business - but how broad is too broad?
Alibaba's Ant Financial to buy THL-backed MoneyGram
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
Deal focus: Innotech realizes global ad tech ambitions
Chinese captive private equity unit Innotech Capitals has secured its first acquisition in the US, picking up data aggregation platform Ad-Juster with a view to supporting its expansion in China
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.
Horizons invests $23m in US auto group's China push
Horizons Ventures - an investment firm controlled by Hong Kong billionaire Li Ka-shing - has led a $23 million round for a Chinese business development effort by US-based automotive technology company Divergent 3D.
Alibaba's local services platform Koubei completes $1.1b round
Koubei, a China online-to-offline (O2O) local services platform backed by Alibaba Group, has completed a $1.1 billion funding round led by Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.
Qiming leads $20m Series A for China biopharma developer
Qiming Venture Partners has led a $20 million Series A round of funding for Chinese drug developer Connect Biopharmaceuticals.
Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
Bridgepoint agrees sale of Nordic Cinema to Chinese strategic
AMC Entertainment, the US theatre chain controlled by China’s Dalian Wanda Group, will acquire Stockholm-based Nordic Cinema Group from PE firm Bridgepoint and Swedish media group Bonnier Holding for SEK8.25 billion ($929 million).
Taiwan's Foxconn invests in PE-backed Mobike
Taiwan-based Foxconn Technology Group has made a strategic investment in Mobike, a Chinese bike rental service start-up backed by several PE investors including Warburg Pincus.