China
Xiaomi, Shunwei to invest $300m in Baidu-controlled iQiyi
Chinese smart phone maker Xiaomi and Shunwei Capital – a VC firm set up by Xiaomi co-founder and super angel investor Lei Jun – will invest $300 million in iQiyi, a video platform owned by Baidu.
Goodman, CPPIB boost investment in China logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
VC-backed eHi Car Services raises $120m in US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has raised $120 million through an IPO on the New York Stock Exchange (NYSE).
Sailing to the Maldives
China has become the primary source of tourists to the Maldives. In the first six months of 2014, more than 170,000 Chinese travelers flocked to the islands, up 20% year-on-year. They accounted for nearly one in three visitors, according to the Maldives...
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
Bubble talk: VC valuations
In Beijing and Silicon Valley, there is cause for concern at the flood of capital entering the technology space. It draws comparisons with the dotcom bubble era – but VCs at the AVCJ Forum were keen to play down the similarities.
Investigation uncovers suspected fraud by ex-boss of NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, says it has uncovered information suggesting that its founder and ex-CEO falsely obtained bank loans worth RMB629 million ($102.8 million) on the company’s...
Vertex leads $30m round for Chinese e-commerce site Metao
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
China’s Alipay, VC back mobile tech specialist V-Key
Alibaba Group’s online payment platform Alipay and IPV Capital have invested $12 million in a Series B round for V-key, a Singapore and US-based start-up specializing in mobile security and cryptography.
Hillhouse, CITIC PE commit $75m to Chinese cancer drug developer
Hillhouse Capital and CITIC Private Equity have participated in a RMB450 million ($75 million) round of funding for BeiGene, a Chinese company that develops drugs to combat cancer.
CITIC Securities, Shenzhen Capital invest in online art trading platform
CITIC Securities and Shenzhen Capital have invested $100 million in a Series B round of funding for Hihey.com, an online trading platform for Chinese art.
China's Sailing Capital backs Maldives resort developer
Chinese private equity firm Sailing Capital has agreed to invest in luxury resort developer Soneva Group. It will support the expansion of a portfolio of properties in the Maldives.
China’s Sky Solar raises $44.2m in scaled back US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, has raised $44.2 million through a US IPO after scaling back the size and pricing of the offering.
Tencent, Line invest $110m in South Korean game developer
Chinese internet company Tencent Holdings and Japanese messaging app Line Corp. have invested $110 million in 4:33 Creative Labs, a South Korean, VC-backed mobile games developer.
VCs cast doubt on dotcom era comparisons - AVCJ Forum
Venture capital investors played down comparisons between the current soaring valuations in the technology space and the dotcom bubble era.
RRJ leads $1b investment in Cheniere Energy
RRJ Capital has agreed to invest $1 billion in convertible notes issued by Cheniere Energy, a US-based liquefied natural gas (LNG) producer.
Hony-backed Jin Jiang buys Louvre Hotels
Shanghai Jin Jiang International, a Chinese hotel operator backed by Hony Capital, has agreed to buy Europe’s second-largest hotel group Louvre Hotels from US real estate investor Starwood Capital.
Silver Lake overcame doubters to secure Alibaba deal – AVCJ Forum
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
Q&A: Zoyi Capital's Andrew Kuo
Andrew Kuo has spent two decades working on China deals, first as a banker and then as an investor with H&Q Asia Pacific and The Blackstone Group. He formed Zoyi Capital to focus on the China-Taiwan angle
Taiwan VC: Captive element
Taiwanese corporations are launching captive VC units to invest in technologies that can update their product offerings. The new source of funding is welcome in the absence of independent VCs, but is it a panacea?
Beyond Beijing: Taiwan's trade dilemma
Taiwan’s future success as a foreign investment – and a private equity – destination largely hinges on the future of its free trade relationships. But the territory must first manage its ties with mainland China
Taiwan: Back from the brink
The telling blow came in the American Chamber of Commerce in Taipei’s (AmCham) 2013 White Paper: Taiwan ranks second last among 17 Asian countries – trailing Sri Lanka and ahead of only Pakistan – in attracting private equity investment. The data...
More China GPs look to tap outbound opportunity - AVCJ Forum
PE investors are seeing more outbound opportunities as China enters its second stage of development, industry participants told the AVCJ Forum.
KKR, CITIC offer to buy controlling stake in United Envirotech
CITIC and KKR have offered to buy a controlling stake in United Envirotech (UEL) in a deal that values the Chinese waste water treatment company at S$1.9 billion ($1.5 billion).