China
VCs worried but enthused by frothy China tech sector - AVCJ Forum
The flood of capital entering China’s technology space is a concern for VC investors, but they remain firm believers in the emerging generation of mobile-enabled consumers that is driving interest in the sector.
VC-backed Chinese dating app Momo files for US IPO
Momo, a Chinese location-based social-networking app best known for its “flirting” function, has filed for a US IPO. Backers include Alibaba Group, Matrix Partners, Yunfeng Capital and Sequoia Capital.
GSR commits $2m to China enterprise management app
GSR Ventures has committed $2 million in a Series A round of funding for Waiqin365, a Chinese customer relationship management (CRM) mobile app.
Infinity Venture launches third China, Japan fund
Japanese tech-focused investor Infinity Venture Partners has launched its third fund - Infinity e.venture Asia III - which will focus on start-ups in Japan and China.
SIG, SoftBank back China wearables maker Codoon
SoftBank China Venture Capital (SBCVC) and SIG Asia have invested $30 million in a Series B round of funding for Codoon, a Chinese wearable electronic devices manufacturer.
KPCB China’s Tina Ju launches new fund under TDF banner
KPCB China's Tina Ju is reactivating the TDF Capital franchise as she looks to raise $200 million for a venture capital fund that will target technology, media and telecom, consumer and healthcare deals.
Qiming, Innovation Works invest $22m in China Face++
Qiming Venture Partners and Innovation Works have participated in a $22 million Series B round of funding for Face++, a Chinese face recognition technology developer.
Q&A: Draper Associates' Tim Draper
A third-generation venture capitalist, Tim Draper is founder of Draper Associates and founding partner of DFJ. He explains the key ingredients for rolling out the Silicon Valley model at home and overseas
Asian start-up hubs: Global mandates
Innovation hubs have traditionally been defined by the size of their immediately addressable market. But with better access to capital, information and technology, some Asian jurisdictions are going global
Private equity firm names: A brand apart
As private equity becomes more of a mainstream asset class, brand-consciousness kicks in. Finding a suitable name can be a challenge, particularly when operating in multiple markets and languages
Q&A: Oaktree's Howard Marks
Howard Marks, chairman of Oaktree Capital Management, gives his appraisal of the current investment and economic environments, and explains how his firm is developing its Asia strategy
Succession-planning deals: A matter of legacy
Long a feature of the developed markets private equity, succession-planning opportunities are beginning to pop up in emerging Asia. Regardless of geography, convincing a founder to sell his business is a challenge
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
Hony to buy Chongqing hotpot restaurant chain
Hony Capital has agreed to buy a 93.2% stake in Chongqing Cygnet Hotpot, a Chinese hotpot restaurant chain.
IDG, Morningside lead $60m round for China P2P car-rental site
IDG Capital Partners and Morningside Technologies have led a $60 million Series B round of funding for PPzuche, a Chinese peer-to-peer (P2P) car-rental provider launched by Singapore’s iCarsclub.
Matrix, SIG commit $20m to Tencent-backed laundry app
Matrix partners and SIG have committed $20 million in a Series A round of funding for Edaixi, a mobile laundry service app owned by Beijing-based laundry franchise Rongchain.
Chinese pharma company invests $22m in TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical, previously a highly successful PE investment for Goldman Sachs, has committed $22 million to TPG Capital’s latest biotech fund.
Legend Holding invests in China P2P lending platform Eloancn
Legend Holdings, the parent company of Chinese computer maker Lenovo Group, has invested an undisclosed sumin Eloancn, a Chinese peer-to-peer (P2P) online lending platform.
Chinese courier mobile app wins backing from Tencent, Banyan
Tencent Holdings and Banyan Capital have invested $15 million in a Series A round of funding for Renren Kuaidi, a Chinese express delivery mobile app.
Danone to take 25% stake in Chinese PE-backed dairy firm
French dairy giant Danone will buy a 25% stake in PE-backed Chinese infant formula maker Yashili from majority shareholder China Mengniu Dairy for HK$4.4 billion ($567 million).
DCM leads $30m Series B for China gay social app
DCM has led a $30 million Series B round of funding for Blued, a Chinese gay dating app.
China Life to boost alternatives exposure
China Life has mandated one of its investment subsidiaries to deploy up to RMB150 billion ($24.5 billion) of insurance funds into alternative asset classes over the next year.
Hony eyes buyout opportunities in healthcare, restaurants
China-focused GP Hony Capital is seeing more buyout opportunities involving healthcare and restaurant chains and it has created two sector-focused operational teams to consolidate these industries.
China’s Highsun plans $245m entertainment, internet fund
Guangdong Highsun Group, Chinese property developer and chemicals producer, is launching a RMB1.5 billion ($245 million) PE fund that will invest in entertainment and internet-related assets.