China
Chinese radio mobile app raises $20m Series C round
Lizhi.FM, a Chinese radio broadcasting mobile app, has raised $20 million in a Series C round of funding from Chinese smart phone manufacturer Xiaomi and Shunwei Capital Partners.
Banyan closes second China VC fund at $362m
Banyan Capital, a China-focused VC firm that spun out from IDG Capital Partners, has closed its second US dollar-denominated fund at $362 million.
L Capital Asia invests $100m in China mall operator Sasseur
L Capital Asia, a PE firm sponsored by luxury goods conglomerate LVMH, has invested more than $100 million in a second round of funding for Sasseur Group, a Chinese outlet shopping mall developer.
Capital Today, New Horizon lead $100m round for Beibei
Capital Today and New Horizon Capital have led a $100 million Series C round for Beibei.com, a Chinese online discount retail platform for maternity and baby products. Existing investors Banyan Capital and IDG Capital Partners also participated.
China's Hosen buys US beef processor
Chinese agritech-focused PE firm Hosen Capital has acquired Ruprecht, a US beef processor, for an undisclosed sum.
Bain completes exit from China's Gome
Bain Capital has made a full exit from Chinese retailer Gome Electrical Appliances Holding after selling its remaining shares for about HK$1.06 billion ($137 million).
Talent shortages, financing issues hinder China buyouts
Buyout transaction value in China is 10 times larger than nine years ago, but executing deals is still challenging in terms of getting financing and placing the right operational expertise with portfolio companies.
Darby mezzanine fund exits China furniture manufacturer
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its holding in Chinese furniture manufacturer Shayne International Holdings for an undisclosed sum.
China PE returns stunted by public market performance
Returns over the past five years have been disappointing for Chinese private equity, say industry participants, but performance must be judged in the context of the region's public markets.
China taxi-booking apps: Road war
High-powered alliances are forming in China’s mobile taxi-booking space around Kuaidi Dache and Didi Dache as part the ongoing battle between the big internet companies. What does it mean for VC investors?
PE adapts to China's new normal
China's economy grew at its slowest pace in 24 years in 2014 with GDP expanding by 7.3%. Most economists regard the current situation as a symptom of a “new normal” as China continues its transition from the world’s factory to the world’s most attractive...
China's Hillhouse raises $2b private equity fund - report
Chinese investment firm Hillhouse Capital Management is said to have raised a $2 billion fund that will be deployed in global private equity deals.
RRJ, IFC invest $85m in China Everbright Water
RRJ Capital and the International Finance Corporation (IFC) have agreed to subscribe to S$113.5 million ($85 million) in new shares issued by China Everbright Water, a Singapore-listed environmental protection and alternative energy business.
China's ClearVue in cross-border cosmetics investment
Chinese GP ClearVue Partners has teamed up with US-based Catterton to provide a round of funding for Intercos, a European manufacturer of cosmetics and skincare products that wants to expand in China.
JD Capital invests in China online finance site 91Wutong
China-focused PE fund manager JD Capital, Tongxin Securities Direct Investment and Shenzhen Jidi Xintian Venture Capital have invested in a Series A round of funding for 91Wutong, a Chinese online finance platform.
Carlyle-backed Meinian Onehealth invests in rival Ciming Health
Meinian Onehealth Healthcare, China’s largest private provider of healthcare check-up services and a portfolio company of The Carlyle Group, has invested in industry rival Ciming Health Checkup Management Group.
VCs commit $100m to China app launcher Apus
Chengwei Ventures, SIG Ventures and Qiming Venture Partners have led a $100 million Series B round of funding for Apus, a Beijing-based company that has developed a suite of products intended to speed up Android operating systems.
SBCVC leads $20m in China education platform Xuexibao
SoftBank China Venture Capital (SBCVC) has led a Series B round of funding worth $20 million for Xuexibao, a Chinese online education platform. Existing investor GSR Ventures also participated.
VC-backed China group-buying site Meituan raises $700m
Meituan.com, a Chinese group-buying site backed by Alibaba Group and several venture capital firms, has raised $700 million in a new funding round from undisclosed investors.
Vision Knight loses managing partner Pak-Seng Lai
Pak-Seng Lai, a Hong Kong-based managing partner at Vision Knight Capital, will leave the China-focused private equity firm by the end of this month.
KKR's McVey expects China restructuring, recapitalization opportunities
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
China creates $6.5b VC fund to support start-ups
China has launched a government-guided venture capital fund worth RMB40 billion ($6.5 billion) to support start-ups in emerging industries.
Club Med board recommends Fosun consortium's renewed offer
The board of French vacation resort operator Club Méditerranée (Club Med) has recommended that shareholders accept the most recent takeover offer from a consortium led by China's Fosun International.
SoftBank leads $600m round for China taxi-booking app Kuaidi Dache
SoftBank Group has agreed to lead a $600 million round of investment for Travice, operator and developer of Chinese taxi-booking app Kuadi Dache, with participation from existing backers Alibaba Group and Tiger Global Management.