China
AVCJ Awards: Deal of the Year - Mid Cap: IMAX China
FoutainVest Partners and CMC Capital Partners are helping IMAX negotiate obstacles to expansion in China with the ultimate aim of taking the local unit public
AVCJ Awards: Deal of the Year - Large Cap: Nanfu Battery
CDH Investments’ acquisition of Nanfu Battery is a rare carve-out from a multinational in China, and an even rarer example of a PE firm returning to back a former portfolio company
AVCJ Awards: VC Professional of the Year: GGV Capital's Jixun Foo
Jixun Foo, Shanghai-based managing partner at GGV Capital, recognizes concerns about heady tech valuations, but says they must be viewed in context
AVCJ Awards: Fundraising of the Year - Venture Capital: Qiming Venture Partners
Qiming Venture Partners closed its latest fund at $500 million this year. It wants a bigger slice of a growing Chinese internet market – but so does everyone else
Chinese taxi-booking app Didi Dache raises $700m
Singapore’s Temasek Holdings, DST Global and Chinese internet giant Tencent Holdings have led a new round of funding worth $700 million for Didi Dache, a Chinese taxi-booking app.
Hony makes partial exit from Zoomlion via buyback
Zoomlion Heavy Industry Science & Technology, China’s biggest construction equipment marker, has agreed to buy back a 2.19% stake in itself from Hony Capital for RMB843 million ($136 million).
Ping An VC, Qiming invest $30m in China car-sharing platform
Ping An Ventures, a VC arm of insurer Ping An Group, and Qiming Venture Partners have co-led a $30 million Series A round of funding for Baojia.com, a Chinese peer-to-peer (P2P) car-sharing platform.
Fidelity backs China-based antibody specialist
Two Fidelity funds have participated in a Series A round of funding worth $8 million for Adagene, a China-based life sciences company that specializes in smart antibody technology.
China's NSSF and offshore PE: Still theory, no practice
Regulations proposed by the government for China’s National Social Security Fund include a provision that suggests the pension fund could invest in offshore private equity. But how soon?
Tech valuations: Ill-fated inflation?
As valuations in the tech space continue to soar, comparisons are inevitably drawn with the dotcom bubble era. Asia can point to favorable fundamentals, but it remains to be seen whether the exuberance is justified
The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and...
Tiantu commits $16m in Chinese electric scooter manufacturer Inmotion
Chinese GP Tiantu Capital has committed RMB100 million ($16 million) in a Series B round of funding for Inmotion Technologies, a manufacturer of sensor controlled vehicles.
EQT sells Chinese bakery chain to Swire Foods
EQT has sold its 65% stake in Chongqing New Qinyuan Bakery, a retail bakery chain based in southwest China, to Swire Foods, a subsidiary of Swire Pacific.
Italy's Bonomi raises offer for Fosun target Club Med
Andrea Bonomi has raised the stakes in the battle for Club Méditerranée (Club Med), increasing his offer for the vacation resort operator just days after a consortium led by China’s Fosun International submitted an improved bid.
China's Xiaomi, Kingsoft back IP investment fund
Chinese mobile phone maker Xiaomi and software developer Kingsoft will participate as LPs in a RMB200 million ($32.5 million) fund that will make investments related to intellectual property.
Fosun-owned Hainan Mining to list in Shanghai
Hainan Mining, an iron ore miner owned by Chinese conglomerate Fosun International, is set to raise RMB1.9 billion ($308 million) through an IPO in Shanghai.
DST leads $100m round for Chinese payment platform Fenqile
DST Advisors has led a $100 million Series B round of funding for Fenqile.com, a Chinese installment payment platform.
Banyan leads $35m round for Chinese wearables maker
Banyan Capital has led a $35 million Series B round of funding for Huami, a Chinese start-up that manufactures fitness wearables launched by smart phone maker Xiaomi.
Lightspeed China backs online travel agency Lulutrip
Lightspeed China Partners has invested in a Series A1 round of funding for Lulutrip, an online travel agency focused on the Chinese outbound market.
Northern Light backs Chinese mobile app service provider
Northern Light Venture Partners (NLVC) has invested $5 million in a Series A round of funding for APICloud, a China-based mobile app cloud service provider.
Taiwan's CDFH, Fujian Electronics in first close on debut RMB fund
Taiwan-based China Development Financial Holding (CDFH) and China’s Fujian Electronics & Information Group have reached a first close of RMB1 billion ($162 million) on their debut renminbi-denominated fund.
Capital Today, DST, Hillhouse raise $619m through JD.com share sale
Capital Today, DST Advisors and Hillhouse Capital Management have raised $618.9 million by selling a portion of their shares in JD.com, the Chinese online retailer that went public earlier this year.
Chinese investors join $40m round for Misfit Wearables
GGV Capital, Shunwei Venture Partners, smart phone maker Xiaomi and online retailer JD.com have participated in a $40 million Series C round of funding for Misfit Wearables, which manufactures wearable devices that track health and fitness.
Qiming leads $10m round for China biopharma player
Qiming Venture Partners has led a $10 million Series A round of funding for CANbridge Life Science, a Beijing-based biopharmaceutical firm.