China
China's Didi Chuxing raises $7.3b in equity, debt financing
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
China delivery service provider UC Express raises $46m
Chinese delivery service provider UC Express has raised about RMB300 million ($46 million) in a Series A round of funding from Eastern Bell Venture Capital and Kerry Logistics.
Chinese consortium in $2.75b deal for NXP Semiconductors unit
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.
H&Q leads $30m round for Chinese car rental site Huizuche
H&Q Asia Pacific has led a RMB200 million ($30 million) Series B round of funding for Huizuche.com, a Chinese car rental platform for outbound tourists.
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.
Chinese strategic to buy VC-backed US marketing platform
Spearhead Integrated Marketing Communication Group, a Beijing-based offline marketing service provider, will buy Smaato, a California-based mobile ad exchange backed by Singapore's EDB Investments (EDBI) and Singapore Press Holdings.
China’s Chenhui Capital, Lancy Group launch Sino-Korean fund
Chinese GP Chenhui Venture Partners have teamed up with one of its LP – Shenzhen-listed company Lancy Group – to create a Sino-South Korea PE fund that will invest in consumer and technology companies.
China online sports platform Banana Games raises $23m
Banana Games Media, a Chinese electronic sports platform founded by Xicong Wang, the son of Chinese billionaire Jianlin Wang, has raised a RMB150 million ($23 million) Series A round of funding from IDG Capital Partners.
China Life invests $600m in Didi Chuxing
China’s leading ride-hailing app operator Didi Chuxing has received about $600 million from China Life Insurance as part of its latest fundraising effort.
Australia's Starfish in $17.5m China push for US marketing company
Australian VC firm Starfish Ventures has joined a $17.5 million round for Aktana, a US and Japan-based marketing services provider looking to consolidate its Asian footprint.
AGIC to buy Italian robotics manufacturer
China-Europe cross-border private equity firm AGIC Capital has acquired a large majority stake in Gimatic, an Italian robotics supplier planning an Asian expansion.
IKang chairman, Meinian withdraw take-private bids
Ligang Zhang, founder and CEO of US-listed Chinese company iKang Healthcare Group, and a consortium led by Meinian Onehealth Healthcare Group, have withdrawn their privatization proposals for iKang after the company received a new offer from Yunfeng Capital.
Sequoia-led consortium forms China JV with WME-IMG
A consortium led by Sequoia Capital has created a joint venture (JV) with US-based talent and event management firm WME-IMG to develop sports and entertainment businesses in China.
Navis acquires Macau-based ISA Industrial
Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial.
China’s NSSF posts 15.2% investment return for 2015
China’s National Council for Social Security Fund (NSSF) generated an investment return of 15.19% last year, up from 11.69% in 2014.
EQT exits Modern Metal to China’s JD Capital
EQT Partners has exited Modern Metal & Precision, a Chinese aluminum die casting manufacturer, to China-based private equity firm JD Capital.
Q&A: Maison Capital's Roger Wu
Roger Wu, a partner at Maison Capital – an early mover in China’s renminbi fund space – explains the firm’s systematic approach to identifying investment trends before of the competition, and valuations, heat up
Deal focus: PE targets China’s gay community
Vision Knight Capital invests in Chinese gay social app Blued to leverage customer loyalty
Worlds apart: Virtual and augmented reality
Virtual reality is closer to mainstream acceptance than ever before, while augmented reality presents considerable potential – but financial returns will not come quickly and investors must show patience
Lightspeed China’s co-founder Ron Cao to start own firm
Ron Cao, co-founder and managing director of Lightspeed China Partners, is preparing to set up his own venture capital firm called Yunjiu Capital.
China's Suning buys 70% stake in football giant Inter Milan
Chinese electronics retailer Suning has invested EUR270 million ($306.5 million) in a 70% stake in Italian football team FC Internazionale Milano (Inter Milan).
Tencent, PAG join $300m investment in China's Bitauto
Tencent Holdings and PAG have participated in a $300 million investment in US-listed Bitauto, an online marketing services company targeting China’s automotive industry.
Yunfeng joins the battle for US-listed iKang
Chinese healthcare services provider iKang Healthcare Group, which became the take-private target of a string of PE and strategic investors, has received a new competing bid from Yunfeng Capital.
Warburg Pincus to make partial exit from China Biologic
Warburg Pincus has agreed to make another partial exit from China Biologic Products, a US-listed bio-pharmaceutical developer, generating proceeds of about $308 million.