China
After COVID-19: Retail revolution?
Attempts to map out post-coronavirus outbreak developments in retail are complicated by uncertainty over the timing of the rebound and the extent of the role played by technology
Fund focus: Qiming's triumph of quick thinking
Having overcome coronavirus disruption to close its seventh fund at $1.1 billion, Qiming Venture Partners is ready to go bigger on China healthcare
Deal focus: Huilianyi's digitization drive
China Renaissance backed Huilianyi's $42 million extended Series C round with a view to capitalizing on widespread corporate adoption of electronic invoicing
Kuaishou backs Chinese online education platform Huohua Siwei
Huohua Siwei, a Chinese online education platform specializing in mathematics and science, has raised $30 million in an extended Series D round from local video-sharing giant Kuaishou.
Akeso Biopharma trades up after $333m Hong Kong IPO
Akeso Biopharma, a private equity-backed Chinese drug developer specializing in treatments that use the immune system to fight cancer, saw its stock jump 50% in early trading on the Hong Kong Stock Exchange following a HK$2.58 billion ($333 million) IPO....
GIC backs $1b Japan data center rollout
Singapore’s GIC Private and cloud services provider Equinix have agreed to jointly invest $1 billion in data centers in Japan.
Coronavirus & China VC: Bifurcation point
China might be emerging from the grip of COVID-19, but many start-ups face a long battle. This is when VCs find out who the winners are
China's Pinduoduo invests $200m in electronics retailer Gome
Chinese social e-commerce platform Pinduoduo – which has several VC backers - has invested $200 million in Gome Retail, one of the country's leading household appliance and electronics retailers.
GLP closes latest China logistics fund at $2.1b
GLP, a PE-owned warehouse operator based in Singapore, has closed its latest China logistics fund at RMB15 billion ($2.1 billion).
China cancer diagnosis player ChosenMed gets Series B
ChosenMed, a Beijing-based tumor detection company has raised a Series B round of more than RMB100 million ($14 million) led by state-owned Shanghai Lianhe Investment.
India imposes FDI hurdles for Chinese investors
India has increased the regulatory requirements for inbound investments from groups in bordering countries in what is seen as a move to restrict Chinese activity.
Chinese drug developer Mabworks raises $159m Series C
Beijing Mabworks Biotech has raised a RMB1.13 billion ($159 million) Series C round led by CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital.
Warburg Pincus buys 17% stake in China Auto Rental
Warburg Pincus has agreed to acquire a 17.11% stake in Chinese car rental business China Auto Rental (CAR) from Ucar, a chauffeured car service provider. It follows a sharp drop in CAR’s share price following a scandal at Luckin Coffee, which is backed...
Lightspeed completes $4b global fundraising effort
Lightspeed Venture Partners has raised $4 billion across early and growth-stage funds, including $1.5 billion for an opportunity fund that will support breakout companies in global markets such as China, India and Southeast Asia.
Chinese voice recognition player AISpeech raises $58m
Chinese voice recognition player AISpeech has raised RMB410 million ($58 million) in a Series E round led by CTC Capital.
China Everbright backs smart illumination start-up
China Everbright has joined a RMB200 million ($28 million) Series C round for Yeelight, a Chinese start-up that makes smart lighting products.
Investcorp achieves $275m first close for Asia food fund
Investcorp has achieved a $275 million first close for an Asia food fund, a joint venture that also involves China Resources and Fung Strategic Holdings.
Matrix, CICC back Chinese optical chip pioneer
Lightelligence, a US and China-based manufacturer of optical chips, has raised a $26 million Series A round led by Matrix Partners China and China International Capital Corporation (CICC).
Chinese cosmetics player Meishang raises $28m
Meishang, a Chinese cosmetics company with a presence in South Korea and Taiwan as well as in its home market, has raised RMB200 million ($28 million) in funding led by furniture giant from Red Star Macalline.
Deal focus: Yuanfudao stakes its claim
Eight years old and yet to turn a profit, Chinese K-12 online education platform Yuanfudao is now valued at $7.8 billion. Investors say they are comfortable playing the long game
1Q analysis: Impact winter
As the coronavirus outbreak escalated into a global pandemic, what was a problem for China investors quickly spread into other geographies. Fundraising, investment and exits inevitably took a hit
CDH raises $1.1b for China's largest mezzanine fund
CDH Investments has closed its fifth China mezzanine fund at RMB8 billion ($1.1 billion). It is the largest vehicle of its kind ever raised solely for deployment in the country.
Qiming defies coronavirus to close seventh China fund at $1.1b
Qiming Venture Partners has closed its seventh US dollar-denominated China fund at $1.1 billion following an approximately two-month process that involved a last-minute relocation of on-site due diligence from Shanghai to San Francisco.
China office decorating start-up gets Eight Roads backing
InDeco, a Chinese startup that offers one-stop commercial workspace decoration solutions, has raised $20 million in a Series C round led by Eight Roads Ventures.