China
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
Alibaba, OTPP join founder-led consortium bidding for iKang
Alibaba Group and Ontario Teachers’ Pension Plan (OTPP) have joined a consortium led by the founder and CEO of iKang Healthcare Group that is involved in a competitive battle to privatize the US-listed company.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Chinese regulator halts GP listings on New Third Board
China’s securities regulator has suspended listings and fundraising by domestic private equity firms on the National Equities Exchange and Quotation (NEEQ) system, also known as the New Third Board.
China Everbright launches renminbi fund-of-funds
China Everbright has established a fund-of-funds with initial capital of RMB5 billion ($769 million) and a full target of RMB10 billion.
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Tsinghua Holdings reaches first close on China fund-of-funds
Redbud Capital, a VC fund-of-funds investment unit under Tsinghua Holdings, has reached a first close of RMB1 billion ($154 million) on its latest China-focused fund.
PE-backed Focus Media re-lists in Shenzhen
Focus Media, a Chinese outdoor advertising business taken private in 2013 by the CEO and a consortium of private equity investors, has re-listed in Shenzhen.
CPPIB, Goodman re-up in China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have committed another $1.25 billion to their China logistics joint venture. The JV will also buy nine projects from Goodman with an end build-out value of more than $650 million.
SIG Asia backs Country Style Cooking take-private
Chinese restaurant chain Country Style Cooking (CSC) has agreed to a take-private led my management and supported by SIG Asia. The deal values the business at approximately $140 million.
Investors agree $9.3b take-private for China's Qihoo 360
A string of domestic insurance companies have come in to support the $9.3 billion buyout of Qihoo 360 Technology, the largest private equity-backed privatization of a US-listed Chinese company.
Fosun forges partnership with China’s Modern Sky
Shanghai Joy Network, a media and entertainment investment group owned by Fosun's chairman and founder Guo Guangchang, has committed RMB130 million ($20 million) in Series B funding to Modern Sky Entertainment, a concert and festival event organizer in...
Sohu chairman submits PE-backed take-private offer
NASDAQ-listed Chinese internet company Sohu has received a take-private proposal from its chairman and CEO alongside an unnamed private equity firm.
China cloud-computing provider UnitedStack raises Series C
UnitedStack, which claims to be the first OpenStack-enabled cloud computing provider in China, has received a Series C round of funding of undisclosed size from Sequoia Capital.
China online ticketing sites Weiying Times, Gewara to merge
Chinese movie ticket-booking platforms Beijing Weiying Times Technology and Gewara – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge.
IFM agrees sale of Pacific Hydro to China's SPIC
IFM Investors has agreed to sell Australia-headquartered renewable energy platform Pacific Hydro to China’s State Power Investment Corporation (SPIC).
TPG sells HCP Packaging to Baring, returns $1.55b to LPs in 2015
TPG Capital has returned $1.55 billion to investors from its Asia portfolio in 2015, including $775 million from the sale of HCP Packaging to Baring Private Equity Asia.
Portfolio: Shaw Kwei & Partners and Beyonics
When Shaw Kwei & Partners bought Singapore-based electronic manufacturing services player Beyonics, it was in debt and making no money. A strategic repositioning has returned the business to profitability
2015 in review: Capital in abundance
Ample liquidity and a tech boom drive up investment activity; venture takes center stage in a relatively quiet fundraising environment; exits do not disappoint, but fail to match the highs of 2014.
Five trends for 2016
What do the next 12 months have in store? AVCJ has some ideas, but first here is a review of the predictions made for 2015…
China's Cowin Capital to exit jewelry retailer Myray
Shenzhen Cowin Capital is poised to exit jewelry retailer Myray to Gansu Gangtai Holdings following the Shanghai-listed company's agreement to buy a further 36.96% of Myray for RMB170 million ($26 million).