China
China parenting site raises $24m from IDG, Banyan
Banyan Capital and IDG Capital Partners have invested RMB 150 million ($24 million) in BeiBei, a Chinese online discount retail platform for maternity and baby products.
Fosun takes 20% stake in insurer Ironshore
Fosun International plans to acquire a 20% stake in Ironshore for $464 million, becoming the property and casualty insurer's largest shareholder.
China's AVIC confirms talks to buy PE-backed Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has confirmed it is in talks to buy Avolon, an aircraft leasing company owned by Oak Hill Capital, CVC Capital Partners and Cinven.
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.
IDG, Morningside commit $20m to China social networking app
IDG Capital Partners and Morningside Technologies have invested $20 million in a Series B round of funding for Maimai, a Chinese social networking app for professionals.
VC-backed Cheetah Mobile re-ups in China's Moxiu Technology
Cheetah Mobile, a mobile internet security firm backed by Matrix Partners and Tencent Holdings, has bought an additional 22% stake in Moxiu Technology for RMB20 million ($3.2 million).
CBC supports China internet security developer FraudMetrix
China Broadband Capital (CBC) has led a Series A+ round of funding for a Chinese internet security firm FraudMetrix, which develops products addressing risk and fraud.
Carlyle, Tiger Global back China mobile classifieds site Ganji
The Carlyle Group and Tiger Global Management have invested $200 million in a further round of funding for Ganji.com, a Chinese mobile classifieds site.
KKR-backed Rundong drops on HK debut
Rundong Auto Group,a Chinese car dealership backed by KKR, saw its shares drop as much as 16% on its Hong Kong trading debt on Tuesday, following a $124 million IPO.
Dairy Farm invests in Headland-backed Yonghui Superstore
Dairy Farm International will buy a 19.9% stake in Yonghui Superstore, a Chinese supermarkets and retail stores operator backed by Headland Capital Partners, for RMB5.69 billion ($925 million).
China's CIC sees 9.3% gain on overseas investments in 2013
China Investment Corporation (CIC) saw a 9.3% return on its international portfolio in 2013 as strong stock market performance saw the sovereign fund’s exposure to public equities rise at the expense of other assets classes, including long-term investments...
Baring-backed Kangda acquires sewage treatment plants
Kangda International Environmental, a Chinese water treatment facility operator backed by Baring Private Equity Asia, has acquired a 90% stake in four sewage treatment plants for RMB270 million ($47 million).
GGV leads round for Chinese personal finance app Yingying
GGV Capital has led a Series A+ round of funding for Yingying Licai, a Chinese personal finance mobile app.
PE-backed CICC to pick advisers for IPO – report
The private equity-backed China International Capital Corporation (CICC), China’s largest investment bank, has reportedly picked ABC International Holdings and CCB International as joint sponsors for its Hong Kong IPO.
Legend Star invests in China vacation rentals site Zhubaijia
Legend Star, a Chinese incubator program launched by Legend Holdings and the Chinese Academies of Sciences, has invested $1 million in Zhubaijia, a Chinese vacation rentals website.
VC-backed iDreamSky jumps 6% on debut after $116m US IPO
Shares in iDreamSky Technology - a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures - jumped 6.42% on the firm's NASDAQ debut.
KKR-backed Rundong Auto IPO prices at bottom of range
Rundong Auto Group, a Chinese car dealership chain backed by KKR, has raised $124 million in its Hong Kong IPO, after pricing the offering at the bottom end of the indicative range.
CMC leads $49m round for China entertainment firm Yuehua
CMC Capital has led a RMB300 million ($49 million) Series B round of financing for Yuehua Entertainment, a Chinese music and movie producer. Gravity Media, a Chinese advertising firm, also took part in the round.
Chinese home projector maker XGimi Tech secures $16.5m
XGimi Technology, a home projector manufacturer, has secured a RMB100 million ($16.5 million) Series A round of financing from Shenzhen CDF-Capital.
China pork giant WH Group gains 10.6% on HK debut
Shares in WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, gained as much as 10.6% on its first day trading today after the company raised HK$15.3 billion ($2 billion) on its second attempted IPO.
IDG leads $100m Series B round for China online grocery
IDG Capital has led a $100 million Series B round of investment for Chinese online grocery store Womai.com. Existing investor SAIF Partners also participated.
US game firm Kabam attracts $120m from Alibaba
China e-commrce giant Alibaba Group is investing $120 million in US venture capital-backed gaming company Kabam. The investment is understood to value the company at over $1 billion.
KKR-backed Rundong Auto launches $138 HK IPO
Rundong Automobile Group, a Chinese car dealership company backed by KKR, has launched its Hong Kong IPO today with a view to raising up to HK$1.07 billion ($138.1 million).