China
China luxury goods site Secoo raises $100m Series D round
Secoo.com, a Chinese luxury goods e-commerce platform, has raised more than $100 million in a Series D round of financing led by CMC Capital Partners.
Sequoia leads round for China infant care online retailer
Sequoia Capital has led a $20 million Series B round of funding for Miyabaobei, a Chinese baby-care product online retailer.
China Exim Bank fund commits $78m to Polish renewables player
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, has committed PLN240 million ($78 million) to renewable energy developer Polish Energy Partners (PEP).
Baring, Hony, CDH complete Giant Interactive take-private
Baring Private Equity Asia, Hony Capital and CDH Investments' wealth management platform have completed the privatization of Giant Interactive in a deal that values the US-listed Chinese online game developer at approximately $2.9 billion.
Semir to acquire 70% of VC-backed HK education group
DT Capital, The CID Group and iD TechVentures are set to exit Fastrackids as the children's education group is acquired by Zhejiang Semir Garment.
Sequoia invests in China online wedding planner Daoxila
Sequoia Capital has invested in a Series B round of funding for Daoxila.com, a Chinese online wedding planner.
WestSummit, SAIF in $15.2m round for social analytics firm
WestSummit Capital and SAIF Partners have invested $15.2 million in NetBase, a US-based company that tracks social media.
Zoyi invests in Taiwan's Quaser Machine Tools
Greater China-focused mid-cap investor Zoyi Capital has invested an undisclosed amount in Quaser Machine Tools, a Taiwan-based machine tool manufacturer.
Fosun acquires 20% interest in Spain's Osborne
Fosun International has acquired a 20% stake in Osborne Group, a Spanish premium ham and wine producer.
Shenzhen Capital to exit e-commerce site via trade sale
Shenzhen Capital Group will exit Shenzhen Globalegrow E-commerce as the online platform use to sell Chinese products overseas is acquired by Shanxi Baiyuan Trousers Chain Management.
Sohu's Changyou invested in VC-backed MoboTap for $91m
Changyou.com, an online gaming division of Chinese internet company Sohu, has agreed to acquire a 51% stake in MoboTap, a mobile browser developer backed by several VC investors, for $91 million.
Zoyi Capital backs Taiwan Farm Industry
Greater China-focused mid-cap investor Zoyi Capital has invested an undisclosed sum in Taiwan Farm Industry (TFI), a 47-year-old meat processor in Taiwan.
MSPEA rides out Volcker impact
For most Asia-focused GPs that were once captive units of investment banks, the shadow of their former parent has long since faded. Restrictions on financial institutions as LPs is a problem, but they are already accustomed to life without balance sheet...
Q2 analysis: Still open for business
The IPO window remains open, especially in Australia; VCs continue to dominate China fundraising, but probably not for much longer; the Philippines stakes its claim as Southeast Asia’s emerging PE star.
WH Group IPO: The pigs will fly
“I told everyone at the beginning of the year, ‘The two biggest risks for our industry are Shuanghui and Alibaba messing up.’ I knew there was going to be a pain trade but I thought it would be Alibaba, not Shuanghui.”
Nice targets selfies with style
The world has seen plenty of selfies. From dining tables to football matches, there is always someone, arm outstretched and phone in hand, keen to capture a photo of themselves for posterity. It was only a matter of time before mobile apps enabling people...
Q&A: Ascendent Capital's Liang Meng and Kevin Zhang
M&A advisors turned PE investors, Liang Meng and Kevin Zhang pooled their experiences at J.P. Morgan, D.E. Shaw and Goldman Sachs to create Ascendent Capital Partners, and pursue a different kind of China strategy
IFC leads $8m Series B for China recycling site Aihuishou
International Finance Corporation (IFC) has led a $8 million Series B round of funding for Aihuishou, a Chinese electronics recycling start-up.
China online home textiles retailer Dapu secures $5m
Tianxing Capital has committed RMB30 million ($4.8 million) in a Series B round of funding to Dapu.com, a Chinese online retailer of home textiles.
China property site Fangdd raises $80m
Fangdd.com, a Chinese real estate portal, has raised $80 million in a Series B funding from Vision Knight Capital, Lightspeed China Partners and CDH Venture.
IDG backs Chinese app developer Landscape mobile
IDG Capital Partners has committed $1.85 million in seed funding to Landscape Mobile, the China- and US-based developer of mobile information management app Sight.
Shunwei invests in China online travel site Fxtrip
Shunwei Capital Partners has provided a Series A round of funding for Fxtrip.com, a Chinese outbound travel start-up.
Hony buys Pizza Express from Cinven for $1.54b
Chinese PE firm Hony Capital has agreed to buy restaurant chain Pizza Express from UK-based private equity firm Cinven Partners for GBP900 million ($1.54 billion).
Chinese regulator issues guidelines for domestic PE
The China Securities Regulatory Commission (CSRC) has issued draft rules for the domestic private equity industry, including a definition of investors qualified to participate in funds.