China
Deal focus: Inspiration snares rare China mid-cap tech buyout
Antute, a third-party IT maintenance provider, became an orphan asset following a larger M&A deal. Inspiration Capital Partners sees it as an attractive play on China’s digitalisation drive
Deal focus: Nexus Point doubles down on dentistry
With a dentist clinic chain already in the portfolio, Nexus Point Capital has backed a B2B procurement platform that services clinics. It is a firm believer in the industry’s tailwinds
Deal focus: Freemium works for Dianxiaomi
China cross-border e-commerce services platform Dianxiaomi has achieved traction, and profitability, by only charging for value-added services. Its Series C will fuel global expansion
China cancer drug developer InxMed raises $50m
InxMed, a China-based biotech company focused on oncology treatments, has raised a USD 50m Series B round led by SDIC China Merchants Investment.
China 3D cell culture business secures Series B
CytoNiche, a Beijing-based provider of 3D micro-structure engineering technology used for stem cell research, has raised nearly CNY 300m (USD 47m) in a Series B led by Gaorong Capital and CICC Capital.
China's VC-backed Perfect Corp agrees $1bn SPAC merger
Perfect Corp, a Chinese software developer specialising in artificial intelligence (AI) and augmented reality (AR) solutions that allow consumers to experience brands, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at...
China logistics player Jumeng raises $100m
Fortuna Capital has led a USD 100m investment in Shanghai truck-based logistics platform Jumeng Logistcs, described as the third tranche in a Series B round. IDG Capital also took part.
China's Qiming recruits partner from LACERA
David Chu, formerly of Los Angeles County Employees Retirement Association (LACERA), has become a partner at China-based Qiming Venture Partners with responsibility for fundraising and investor relations.
China VC: Funding puzzles
Late-stage investors are appearing in earlier funding rounds in China, offering premium valuations but potentially leaving start-ups in situations where they have too much too soon
China 5G chip designer Cygnus raises $100m
Chinese 5G chip design company Cygnus Semiconductor has raised USD 100m in Series A funding and an extended pre-Series A round led by Matrix Partners China and Wofo Capital.
China e-commerce SaaS player secures $100m Series C
China-based e-commerce software-as-a-service (SaaS) provider Dianxiaomi has secured a USD 100m Series C round led by Tiger Global Management and Huaxing Growth Capital.
Sequoia, Legend back China autonomous driving player Inceptio
Sequoia Capital China and Legend Capital have led a USD 188m Series B extension for Inceptio, a Chinese autonomous driving technology developer that specialises in line-haul trucking.
China cross-border fintech start-up secures $20m
Dowsure, a Shenzhen-based financial technology start-up that has developed credit-checking software that enables banks to lend to small-scale e-commerce vendors, has secured USD 20m in Series B funding.
ZWC, IDG back China social CRM service provider
Wshoto – a Chinese social customer relationship management (SCRM) service provider that focuses on the WeChat ecosystem - has raised a CNY 300m (USD 47m) Series B round across two tranches.
CLSA launches $500m China growth fund
CLSA Capital Partners (CLSA CP) has launched a China growth fund focused on healthcare, smart manufacturing, renewable energy, tech-enabled media. The target is USD 500m.
Deal focus: Sobot's journey from underdog to top dog
A USD 100m Series D confirmed Sobot’s status as a stalwart of China’s customer service software space, but getting there has not been a straightforward process
Deal focus: Freight player G7 eyes public listing
Having expanded its business scope from hardware into software and financial services, G7 Network is positioning its recent USD 200m PE investment as a pre-IPO round
AVCJ Awards 2021: Deal of the Year – Large Cap: China Biologic
For Centurium Capital, China Biologic was no ordinary take-private. It was the culmination of a multi-year effort to tighten the company’s shareholding structure and root out management inefficiencies
Huaxing Growth hits $800m second close on China fund
Huaxing Growth Capital, the private equity division of China Renaissance, has achieved a USD 800m second close on its fourth flagship US dollar-denominated fund.
L Catterton backs China pet food brand
L Catterton, a private equity firm specialising in consumer sector investments, has committed an undisclosed sum to Shanghai Enova Pet Products, owner of Chinese premium pet food brand Pure & Natural.
China's Fenbeitong raises $140m
Chinese enterprise payment and expense management software provider Fenbeitong has raised USD 140m at a valuation of at least USD 1bn in an extended Series C round led by DST Global.
Southeast Asia cosmetics brand Y.O.U raises $40m
Hidden Hill Capital - a private equity firm established by warehouse operator GLP - has led a USD 40m Series C round for Southeast Asian cosmetics brand Y.O.U.
Apax backs China tax SaaS player Yunzhangfang
Yunzhangfang, a China-based software-as-a-service (SaaS) provider specialising in corporate tax and financial management, has raised close to USD 100m in Series E funding from Apax Partners.