China
GSR Ventures to invest $580m in China new energy play
GSR Ventures has agreed to invest a total of RMB3.6 billion ($580 million) in Wuhan Kaidi Electric Power, a Shenzhen-listed clean energy technology provider.
Temasek pays $5.7b for stake in Li Ka-Shing’s A.S. Watson
Temasek Holdings has agreed to buy a 24.95% stake in A.S. Watson, a health and beauty retailer owned by Hong Kong tycoon Li Ka-Shing, for HK$44 billion ($5.7 billion). A.S. Watson was seeking a dual listing in Hong Kong and London but this plan has now...
Temasek to invest $150m in China Huiyuan Juice
Temasek Holdings plans to invest $150 million in China Huiyuan Juice, a Hong Kong-listed fruit juice producer that is a portfolio company of SAIF Partners.
China's Alibaba invests $215m in US messaging app Tango
Chinese e-commerce giant Alibaba Group has invested $215 million in California-based mobile messaging app maker Tango. The deal values the start-up at a reported $1 billion.
Tiantu invests $16m in Sichuan seasoning maker
Chinese consumer-focused PE firm Tiantu Capital has committed RMB100 million ($16 million) in Series A funding to Sichuan Gaofuji Food, a food sauces and seasoning manufacturer.
Zoyi takes controlling stake in niche Chinese apparel brand
Zoyi Capital, the PE firm set up by Andrew Kuo, formerly of The Blackstone Group, has made its debut investment in Pink Mary, a Chinese manufacturer and distributor of high-end women’s apparel.
CITIC Capital invests $15m in China education play
CITIC Capital has invested over RMB100 million ($15 million) in a Series A round of funding for Chinese vocational training provider Shsun Education Group.
Qiming raises $500m for China VC fund - update
Qiming Venture Partners has raised approximately $500 million for its fourth US dollar-denominated China venture capital fund.
Vertex commits $5m to China education app Xuebajun
Vertex Venture, an investment unit of Temasek Holdings, has committed $5 million in Series A funding for Shanghai-based mobile study tool developer Xuebajun.
Orchid Asia leads $74m round for China's FunPlus Game
Beijing-based mobile social games developer FunPlus has raised a $74 million Series B round of funding led by Orchid Asia. GSR Ventures and Steamboat Ventures also participated.
CITIC Capital among cornerstones for Harbin Bank IPO
CITIC Capital is one of seven cornerstone investors that will cover 43% of Harbin Bank’s Hong Kong IPO, which is expected to raise up to HK$10.1 billion ($1.3 billion), although subscriptions to the offering have reportedly been delayed due to concerns...
China Aier Eye Hospital invests in Qianhai M&A fund
Shenzhen-listed Aier Eye Hospital Group has launched an M&A fund with China Orient Asset Management with a view to bringing about consolidation in the ophthalmology industry.
Portfolio: CITIC Capital Partners and Elgin Equipment
When CITIC Capital Partners joined Audax Group in acquiring Elgin Equipment, its brief was to re-position the clean coal equipment business from low-growth America to high-growth China
DCM bets bigger on China
DCM's latest global fund is smaller than its two predecessors because Silicon Valley-based general partners, Carl Amdahl and co-founder Dixon Doll, are stepping down. As a result, there will be fewer US investments, but China is expected to play a more...
PE goes to the movies: Part II
As the man who helped launch the careers of Bruce Lee and Jackie Chan, among others, film producer Raymond Chow can claim to have played a leading role in putting Hong Kong martial arts movies on the international map.
CVC completes China dumpling chain buyout
CVC Capital Partners has confirmed the acquisition of Da Niang Dumpling Holdings, a Chinese quick service restaurant operator. The investment – CVC’s third China control deal in recent months – was completed in December and was reported by local...
CDH investee Greenland to go public via reverse merger in Shanghai
Greenland Holdings, a Shanghai city government-owned property developer backed by CDH Investments and other PE firms, intends to list on the Shanghai Stock Exchange through a reverse merger with Jinfeng Investments.
50 China PE firms win licenses from AMAC
The Asset Management Association of China (AMAC), a group set up by the China Securities Regulatory Commission (CSRC), has issued licenses to the first batch of 50 private equity firms in China, allowing them to legally offer asset management products.
Baring Asia, Hony agree Giant Interactive take-private
Chinese online game developer Giant Interactive has accepted a buyout offer from a consortium including Baring Private Equity Asia, Hony Capital and company management. It values the New York Stock Exchange-listed business at approximately $2.9 billion.
Ceyuan leads $10m Series A for China bitcoin exchange
Ceyuan Ventures has led a $10 million Series A round of funding for OKCoin, which claims to be the China’s largest bitcoin exchange by trading volume. Mandra Capital and existing backer VenturesLab also participated.
Yunfeng seeks $1b for second China tech fund
Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, is raising around $1 billion for its second fund. A first close of $600 million came last year and a final close...
VC-backed E-House plans US listing for subsidiary Leju
E-House, a Chinese real estate service agency backed by several VC and internet strategic investors, is preparing a US IPO for its wholly-owned subsidiary Leju Holdings that could raise up to $200 million.
Hao completes Pax Technology exit for 4.7x return
Hao Capital has fully exited Chinese electronic payment systems provider Pax Technology, selling its remaining 7.6% stake in the Hong Kong-listed company for $44 million through a block trade. The investment has generated a gross multiple of 4.7x.
NGP leads $10m round for China online food ordering platform
Nokia Growth Partners (NGP) has led a $10 million Series B round of funding for Meican.com, a Chinese food ordering platform, with participation from KPCB China.