China
China smart home specialist Aqara raises $156m
Aqara, a China-based provider of smart home appliances and internet-of-things (IoT) solutions, has raised RMB1 billion ($156 million) in Series C funding.
Qihoo leads $630m round for China EV maker Hozon
China security software provider Qihoo 360 Technology has led a RMB4 billion ($630 million) round for Hozon Auto, a local electric Vehicle (EV) manufacturer, making an individual contribution of RMB2 billion.
China e-commerce SaaS player Huice raises $312m
Huice, a China-based provider of software for e-commerce retailers, has raised $312 million in a Series D round led by SoftBank Vision Fund 2. This is the largest single round in China’s software-as-a-service (SaaS) industry year-to-date.
Primavera leads Series C for Southeast Asia's Love Bonito
Primavera Capital Group has led a $50 million Series C round for Love Bonito, which claims to be Southeast Asia’s largest omnichannel womenswear brand.
Chinese collaboration software provider Lanhu raises $157m
Chinese collaboration software company Lanhu has raised RMB1 billion ($157 million) in an extended Series C round led by GGV Capital, reaching a valuation of $1 billion.
China networking chip specialist Clounix raises $63m
China-based networking chip manufacturer Clounix has raised approximately RMB400 million ($63 million) across angel and pre-Series A rounds.
Affinity invests $360m in Towngas China
Affinity Equity Partners has invested HK$2.8 billion ($360 million) in a China-focused affiliate of Hong Kong & China Gas (Towngas) to support the company’s transformation from a piped gas provider into a smart energy solutions business.
China MRO player Ruigu gets $250m Series D
Ruigu, a China-based industrial supplies platform that serves small and medium-sized enterprises (SMEs), has raised $250 million in Series D funding led by Primavera Capital Group.
China vacuum cleaner brand Dreame raises $563m
Dreame, a Beijing-headquartered vacuum cleaner maker backed by smart phone and consumer electronics giant Xiaomi, has raised RMB3.6 billion ($563 million) in Series C funding.
Primavera makes $600m China cleantech investment
Primavera Capital Group has invested $600 million in two subsidiaries of Envision Group, a China-based manufacturer of wind turbines, smart batteries, and renewable energy management systems.
China flying vehicle developer HT Aero raises $500m
HT Aero, an urban air mobility (UAM) company affiliated with Chinese electric vehicle manufacturer Xpeng, has raised a $500 million Series A round led by Xpeng, IDG Capital, and 5Y Capital.
Alibaba leads Series D for China cancer test kit business
Guangzhou-based Creative Biosciences, which manufacturers kits that test for colon cancer, has raised a RMB560 million ($88 million) Series D led by Alibaba Group.
China investors see primary, secondary valuation mismatch - AVCJ Forum
Investors told the AVCJ China Forum they believe low valuations in the country’s secondary markets will begin to appear in the primary market. But they are positive on the long-term.
Fund focus: Vitalbridge plays it safe
The China-based venture capital firm declined to increase its Fund II hard cap as regulatory uncertainty mounted. It now has $275 million in dry powder earmarked for services digitalization
Deal focus: Whale takes a bite of big data
China-focused digital marketing start-up Whale has secured $50 million in Series B funding to hone a product offering that helps companies optimize customer engagement by analyzing traffic flows
MBK agrees $1b China theme park deal
MBK Partners has agreed to buy five ocean theme parks in China – four operational and one under construction – from Hong Kong-listed Haichang Ocean Park Holdings for RMB6.53 billion ($1.01 billion).
China's Trustar buys European EV charging specialist
Trustar Capital, formerly known as CITIC Capital Partners, has invested an undisclosed sum in Intramco, a Europe-based manufacturer of components used in electric vehicle (EV) charging.
China's Vitalbridge closes Fund II at $275m
Vitalbridge Capital, a China-based venture capital firm that spun out from Trustbridge Partners, has raised $275 million for its second US dollar-denominated fund.
PE-backed Abbisko trades up after $225m Hong Kong IPO
China-based oncology drug developer Abbisko Therapeutics gained nearly 10% on its Hong Kong trading debut following a HK$1.75 billion ($225 million) IPO.
Hillhouse upsizes growth fund to $5.2b
Hillhouse Investment, the buyout and growth capital unit of Asia-focused Hillhouse Group, has raised $5.2 billion for a growth equity fund, more than twice the original target.
China digital marketing platform gets $50m Series B
Whale, a China-focused digital marketing platform, has raised a Series B round of $50 million led by Temasek Holdings. Existing investors Nio Capital, Linear Capital, and Alpha Startups Fund re-upped.
Vision Fund: Big is beautiful?
Previously the sole elephant in Asia’s growth-stage technology space, SoftBank’s Vision Fund program is now one of a herd. Prevailing amid increased competition may prove its thesis once and for all
3Q analysis: India advances
India technology investment continues to ramp up as China flatlines; international payments M&A drives Asia trade sale revival, but IPOs slump; fundraising remains slow