China
KKR joins $170m round for China used car trading platform
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
China's CICC appoints ex-Hopu partner as CEO
China International Capital Corporation (CICC) has appointed Mingjian Bi, formerly investment banking chief in CICC and a partner at Hopu Investment Management, as its new CEO.
China's Cheetah Mobile buys VC-backed mobile ad network
Cheetah Mobile, a US-listed Chinese internet security software provider backed by Matrix Partners and Tencent Holdings, has purchased VC-backed mobile ad network MobPartner for $58 million.
TA Associates, Far East Horizon back China's YeePay
TA Associates has invested an undisclosed sum in YeePay, a Chinese payments provider that has previously received backing from several VC players. Hong Kong-listed financial leasing business Far East Horizon also contributed to the investment.
China P2P car-sharing site uuzuche raises $10m
Uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform backed by Lightspeed China Partners, has raised $10 million in a Series A+ round of funding from Bitauto, a Chinese auto information web portal.
PennSERS commits $50m to Primavera's second China fund
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to invest $50 million in Primavera Capital’s second China fund.
China interior design site To8to raises $200m
To8to, a Chinese interior decoration service platform, has raised $200 million in a Series C round of funding from Sequoia Capital, Matrix Partners China and classifieds online marketplace 58.com.
SummitView consortium agrees $639m take private of ISS
A consortium led by Chinese GP SummitView Capital has agreed to buy NASDAQ-listed semiconductor manufacturer Integrated Silicon Solution (ISS). The deal values the company at approximately $639.5 million.
Alibaba, SAIC Motor launch $160m internet car fund
Chinese e-commerce giant Alibaba Group and SAIC Motor, the country's largest automaker, have launched a RMB1 billion ($160 million) fund to invest in the development of internet-enabled cars.
CNEI commits $8.5m to China waste treatment firm
China New Enterprise Investment (CNEI) has invested $8.5 million in Chenzhou Yangtao Chemical, a Chinese mining waste treatment firm.
Matrix leads $15m round for China CRM platform Xiaoshouyi
Matrix Partners has led a $15 million Series C round of funding for Xiaoshouyi, a Chinese customer relationship management (CRM) platform, alongside Sequoia Capital.
China's Alibaba to invest $200m in Snapchat - report
Alibaba Group plans to commit $200 million to US-based social network Snapchat.
Lightspeed backs China's DaoCloud
Lightspeed China Partners has invested in DaoCloud, a Chinese cloud computing start-up.
Korea's SMBA, IDG form $91m VC fund
IDG Capital Partners and South Korea's Small and Medium Business Administration have agreed to form a KRW100 billion ($91 million) VC fund that will help Korean businesses enter the China market.
CDH commits $22m to China's Zhongding Dairy Farming
CDH Investments has led a RMB400 million ($64 million) Series A round of funding for Zhongding Dairy Farming. Its individual commitment is RMB140 million.
China car-washing app raises $20m from Ping An VC
Ping An Ventures, a venture capital arm under Ping An Insurance, has provided $20 million in Series A funding for Exc118.com, a Chinese car-washing service mobile app.
The C2B segue: China used-car trading platforms
While private equity capital is pouring into China’s B2B online car-trading platforms, some investors claim to see more value in smaller scale but less-penetrated and higher-margin C2B space
Global ambitions: China targets Israel VC
Chinese corporates and financial investors are gravitating to Israel in their quest for high-end technology. This has buoyed local VC activity and more cross-border expansion is likely to follow
China launches $4.8b Silk Road ecology fund
China has launched its first private equity fund that aims to improve the ecological environment in neighboring countries and regions.
Chinese VC-backed hospital chain files for Hong Kong IPO
Pengai Hospital Management Group, a Chinese cosmetic surgery chain backed by CMHJ Partners, IDG Capital and TDR Capital, has filed for a Hong Kong IPO.
VIDEO: Shearman & Sterling's Lorna Chen
Chinese GPs that made their names with renminbi-denominated funds and then sought to launch US dollar vehicles are finding it harder than they expected to win over international LPs, according to Lorna Chen, a partner with law firm Shearman & Sterling...
Mainland Chinese investors barred from owning Taiwan start-ups
Chinese groups are free to make venture capital investments in Taiwan but they will not be able to gain control over local start-ups, according to Taiwan’s Ministry of Economic Affairs (MOEA).
Alibaba leads $60 million Series C1 round for Quixey
Alibaba Group has led a Series C1 round of funding worth $60 million for US app search engine Quixey, as the Chinese e-commerce giant continues to ramp up its presence in the US tech sector.
Qiming leads Series A for China medical research, translation provider
Qiming Venture Partners has led a Series A round of funding for MedSci, a Chinese clinical research and academic translation services online platform.