China
Didi Kuaidi, Ola, Lyft, GrabTaxi form global partnership
Ride-hailing apps including India's Ola, China's Didi Kuaidi, Southeast Asia's GrabTaxi and US-based Lyft have announced a strategic global partnership.
Australia's Archer agrees Healthe Care sale to China-based Luye
Archer Capital has agreed to sell Healthe Care, Australia’s third-largest private hospital group, to China-based Luye Medical Group, for $688 million. CITIC Private Equity is a shareholder in the company’s Hong Kong-listed affiliate, Luye Pharma.
DBS to support Singapore’s start-up ecosystem
DBS Bank will invest S$10 million ($7 million) over the next five years in initiatives aimed at supporting Singapore start-ups.
Legend Capital applies to list on China’s New Third Board
Chinese venture capital firm Legend Capital has applied to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
China's iKang adopts poison pill following rival PE-backed buyout offer
IKang Healthcare Group – a US-listed Chinese company that is subject to competing PE-backed privatization proposals, one led by management and another involving an industry rival – plans a rights issue, or “poison pill” strategy, intended to thwart...
China digital advertising firm iPinYou raises $78m
IPinYou, a Chinese real-time bidding digital advertising platform, has completed a RMB500 million ($78 million) round of funding led by China Mobile Innovation Industry Fund.
Goldman commits $20m in China biotech firm
Goldman Sachs has committed $20 million in a Series B round of funding to Ascletis, a Hangzhou-based biotechnology company.
Zhejiang Century Huatong to buy China PE-backed gaming assets
Shenzhen-listed Zhejiang Century Huatong Group will acquire game developers China Mobile Games & Entertainment Group (CMGE) and DianDian Interactive for a combined RMB13.5 billion ($2.1 billion), facilitating exits for several PE investors.
Chinese energy investor buys assets from Denham-backed Tall City
Blue Whale Energy, a China-based energy investment firm, has agreed to buy the oil and gas exploration and production assets of Tall City Exploration – a Denham Capital portfolio company – for $803 million.
China social networking app for runners secures $18m
Joyrun, a Chinese social networking app that targets recreational runners, has completed a $18 million Series B round of funding led by Arena Capital, a local sport-focused venture capital firm.
CMC, CITIC Capital acquire 13% of City Football Group
China Media Capital Holdings (CMC Holdings) and CITIC Capital have paid $400 million for a 13% stake in Abu Dhabi-based City Football Group (CFG), which owns the Manchester City Football Club and other related businesses.
NGP leads $10m round in China’s Sensoro
Nokia Growth Partners (NGP) has led a $10 million round of funding for Sensoro, a Chinese developer of mobile internet data networks based in the US and China.
Taiwan must think globally, overcome China issues - AVCJ Forum
Taiwan needs to think globally as it looks for ways that domestic companies can leverage growth in other markets, but this means addressing mainland Chinese involvement in the economy.
VC secondaries: How early?
Assessing venture capital secondaries – on a direct or LP interest basis – presents a different set of challenges to private equity transactions. The key factors are transparency and timing of entry
VC top-up funds: Extra ordinance
A growing number of Chinese VC firms are raising top-up funds so they can continue supporting portfolio companies through ever larger growth rounds. Has the fundraising landscape changed forever?
Deal focus: Partners Group targets top-tier baby products
China baby products retailer Aiyingshi wants to develop its online presence and identify partners and acquisition targets in developed markets. Partners Group is going to help
Profile: Upshot's Huoy-Ming Yeh
Driven by a combination of professional ambition and family considerations, Huoy-Ming Yeh has experienced the start-up space in China and the US. She now wants to put this to good use with Upshot
China P2P car rental app Atzuche raises $47m
Atzuche, a Shanghai-based peer-to-peer (P2P) car rental start-up, has raised a RMB300 million ($47 million) Series B round of funding from China Pacific Insurance, Ivy Capital, Hearst Capital, Matrix Partners and Ceyuan Ventures.
Sequoia, Cathay join iKang take-private bid
Shenzhen-listed healthcare services provider Meinian Onehealth has teamed up with a group of investors – including Sequoia Capital and Cathay Capital Private Equity – to privatize its US-listed rival iKang Healthcare Group.
Highlight provides Series A for China’s eDoctor
Highlight Capital has led a Series A round of funding for eDoctor Healthcare Communications, a Chinese start-up specializing in pharmaceutical marketing solutions.
China Communications, NSSF set up infrastructure fund
China Communications Construction Company (CCCC) and the National Council for Social Security Fund (NSSF) have established a RMB15 billion ($2.3 billion) infrastructure fund.
Ping An, Adamas launch $500m China SME-focused fund
Adamas Asset Management and Ping An Trust have launched a joint venture fund with a target of $500 million to invest in growth-focused Chinese small and medium enterprises (SMEs).
Allianz, Baidu, Hillhouse form Chinese insurance JV
Chinese search giant Baidu, German insurer Allianz and China-based Hillhouse Capital have formed an internet insurance company to distribute insurance products in China.
RRJ, Value Partners invest in Logan Property
RRJ Capital, Hong Kong-based asset management firm Value Partners, and other investors have committed HKD1.5 billion ($197 million) to Logan Property Holdings, a real estate development business controlled by Chinese billionaire Kei Ho Pang.