China
Nereus Capital backs China's Hareon Solar
Nereus Capital has invested in China's Hareon Solar to support development of 150 megawatts of solar power projects in India over the next two years.
China beauty portal Meilapp.com raises $20m
Morningside Technologies has led a $20 million Series B round of funding for Meilapp, a Chinese mobile portal devoted to cosmetics and skincare.
Sequoia invests $139m in Chinese medical equipment maker
Sequoia Capital has acquired a 7% stake in Jiangsu Yuyue Medical Equipment & Supply, a Chinese medical equipment manufacturer, for RMB856 million ($139 million).
Maybank leads $25m round for China casual dining platform
Maybank Private Equity has made its first investment in China, leading a $25 million Series D round of funding for YPX Cayman Holdings, which owns and operates Cloud 9, the mainland China licensee of a Taiwan casual dining chain.
China-Israel fund invests $42m in Swiss tool maker
Catalyst CEL Fund, a joint venture between China Everbright and Israel-based Catalyst Equity Management, will invest approximately $42 million in Lamina Technologies, a Switzerland-based tool manufacturer.
Internal strife returns to China's NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, has once again run into corporate governance problems as its founder and CEO refused to accept a board resolution that he step down.
SAIF Partners leads $38m round for Chinese video site Aipai
SAIF Partners has led a $38 million Series C round of funding for Chinese video-sharing platform Aipai, with participation from Matrix Partners.
Chinese payment platform completes Series B
Qufenqi.com, a Chinese installment payment platform, has raised a Series B round of funding from Source Code Capital, Golden Summit and BlueRun Ventures.
Alibaba leads Series B round for online education site
Myfriday.cn, a Chinese timetable social mobile app developer, has received a Series B round of funding led by Alibaba Group. Existing investors the Sequoia Capital and Ceyuan Ventures also participated.
China online liquor retailer Jiuxian gets $49m
Jiuxian.com, a Chinese online liquor store, has received a RMB300 million ($49 million) equity investment from China Development Bank International and other undisclosed investors.
Hony in $113m China farm machinery deal
Hony Capital has acquired a 20% stake in Chinese farm machinery maker Chery Heavy Industry for RMB696 million ($113 million).
SIG, Meridian to exit China digital advertising firm adSage
SIG China and Meridian Capital will exit adSage Corporation after Shanghai-listed BesTV New Media agreed to acquire a majority stake in the digital advertising firm for $88.88 million.
CITIC Capital buys Chinese mattress maker
CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System, a Chinese mattress maker.
Ex-Groupon HK CEO launches $10m seed fund
Former Groupon CEO for Hong Kong and Taiwan Danny Yeung raised a $10 million seed-stage investment fund following the launch of his new venture capital firm SXE Ventures.
Orchid hits $920m hard cap on sixth China fund
Orchid Asia has closed its sixth China growth capital fund, hitting the hard cap of $920 million after receiving more than $1.3 billion of interest from prospective LPs.
China mobile healthcare developer gets $50m Series C round
Spring Rain Software, a Chinese mobile healthcare app developer, has raised a $50 million Series C round from new investors China International Capital Corp. (CICC), Rushan Investment Management and Temasek Holdings’ Pavilion Capital.
Qiming leads $25m round for China job seeking site Lagou
Qiming Venture Partners has led a $25 million Series B round for Lagou.com, a Chinese job listing website focused on IT industry, with participation from Bertelsmann Asia Investment.
China real estate: Threat or opportunity?
Weaker economic growth and a struggling property market have made real estate fund managers more wary about their China residential exposure. But some still sense opportunity
Warburg Pincus, Baosteel in $488m industrial gases deal
Warburg Pincus and a subsidiary of Chinese steel producer Shanghai Baosteel Group have agreed to buy industrial gas assets from Henan Jinkai Chemical Investment Holding for RMB3 billion ($488 million).
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
Shenzhen Oriental Fortune backs ZBB Energy JV
Shenzhen Oriental Fortune Capital has acquired an 8% stake in a Chinese joint venture set up by US-based ZBB Energy, which manufactures advanced energy storage and control platforms, for RMB$20 million ($3.24 million).
Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
ZhenFund, Cloud Angel Fund back China Gllue
ZhenFund and Cloud Angel Fund have provided an angel round of funding for Gllue Software, a Chinese software developer.
Fosun PE units invest $110m in China fishery firm CNFC
Fosun Group has acquired a 14.23% stake in CNFC Overseas Fishery for RMB681 million ($110 million), becoming the company's second-largest shareholder.