ClearVue Partners
China's ClearVue closes debut blockchain fund on $50m
ClearVue Partners (CVP), a China-focused investor in consumer and technology, has announced a final close of USD 50m on its blockchain technology fund - without adding any capital to the first close 12 months ago.
China's ClearVue targets $100m for blockchain fund
ClearVue Partners, a China-focused investor in consumer and technology, has reached a first close of USD 50m on a fund dedicated to digital assets related to decentralised finance (defi) services and bridging web2 and web3 operating models.
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
China car wash business achieves unicorn status
1km, China’s largest car wash company, has achieved a valuation of more than $1 billion on closing a Series D funding round across two tranches. It did not specify the size of the round.
China self-driving truck start-up agrees $3.3b SPAC merger
Plus, a China-based autonomous driving technology developer that specializes in trucks, has agreed to merge with a special purpose acquisition company (SPAC) at a valuation of $3.3 billion.
Asia technology: Anatomy of a rebound
Tech investment has been on a tear in Asia, with private equity joining venture capital at the party. While COVID-19 has contributed to these dynamics, the revival is rooted in deeper structural change
Deal focus: Plus pulls financial, strategic levers
China’s first autonomous driving truck will shortly enter mass production, courtesy of Plus and its array of private equity and automotive industry supporters
FountainVest, ClearVue back China self-driving truck player
FountainVest Partners and ClearVue Partners have led a $220 million funding round for Plus, a China-based autonomous driving technology developer that specializes in trucks.
ClearVue backs China-focused pet lifestyle brand
ClearVue Partners has led a $20 million Series B round for Vetreska, a US-headquartered and China-focused pet lifestyle brand.
Asia consumer & technology: Multifarious merchants
Technology is changing the way consumers interact with retailers both concrete and virtual. Ramping up the sociability factor has become a priority amid increasingly pervasive mechanization
China's Pony.ai hits $5.3b valuation with OTPP-led round
Canada’s Ontario Teachers’ Pension Plan Board (OTTP) has led a $267 million Series C round for Chinese autonomous driving technology supplier Pony.ai at a post-money valuation of $5.3 billion.
Q&A: ClearVue Partners' Harry Hui
Harry Hui, founder of ClearVue Partners, explains how this week’s investment in car wash operator 1km reveals an omni-channel approach to China able to carve through COVID-19
Chinese smart car wash business closes $84m Series C
1km, China’s largest car wash company, has raised RMB600 million ($84 million) in Series C funding across three tranches. The most recent - worth $30 million - was led by ClearVue Partners.
ClearVue joins $74 million round for China’s Aibee
Chinese artificial intelligence (AI) start-up Aibee has raised RMB522 million ($74 million) in an extended Series A round led by ClearVue Partners and technology-focused Singularity Power Capital (SPC).
China GPs target tech angles in consumer plays
All China consumer deals are now technology deals, but investors must back up this positioning with meaningful value-add capabilities in areas such as digital marketing and data analytics or risk being accused of embellishing a technology thesis for the...
ClearVue targets $600m for third China consumer fund
China consumer-focused private equity firm ClearVue Partners is seeking to raise $600 million for its third fund. It comes nearly two years after the GP closed Fund II at $362 million.
PE-backed Chinese online pharmacy completes $100m US IPO
Chinese online pharmacy operator 111 Inc – best known for its 1 Drugsstore platform – traded down slightly on its NASDAQ debut after raising $100.5 million in a scaled back IPO.
China car trading platform Souche raises $576m
Primavera Capital Group and Morningside Venture Capital have led a $576 million round of funding for Souche, a Chinese online trading platform for new and used cars.
Chinese online drugstore operator targets US listing
Chinese online pharmacy operator 111 Inc, which counts ClearVue Partners, Verlinvest and BioVeda Capital among its investors, has filed for an IPO in the US.
China's Pony.ai adds $112m to Series A round
ClearVue Partners and Eight Roads Ventures have led a $112 million investment in China and US-based autonomous driving technology developer Pony.ai that brings the start-up’s total Series A funding to $214 million.
Ping An healthcare app files for Hong Kong IPO
Ping An Healthcare & Technology - the PE-backed business that runs the healthcare-focused mobile app known as Ping An Good Doctor in China - is seeking a separate listing in Hong Kong from its parent company Ping An Insurance.
ClearVue leads round for China smart vending machine business
ClearVue Partners has led a Series B round of unspecified size for Chinese smart vending machine operator Citybox. The consumer-focused GP also participated in the company’s $15 million Series A in September.
China autos: Wheeling and dealing
A nascent, fragmented and digitally savvy industry of traditional car services is set for expansion as China’s booming car market matures. Private equity investors are piling in enthusiastically
ClearVue, TAL lead $55m round for China’s Changingedu
Consumer-focused GP ClearVue Partners and US-listed TAL Education Group have jointly led a $55 million Series D round for Changingedu, a China-based education platform that connects teachers and students.