CreditEase
China AI: Deep questions
Concerns around valuations, commercialization timelines, deal targeting, and brand perceptions are coming into focus as China’s AI ecosystem catapults to global prominence
Chinese AI-driven search engine Tigerobo raises $33m
Tigerobo, an artificial intelligence-driven financial information search engine, has raised $33 million in Series A funding from PAC, CreditEase New Finance Industry Fund and existing investor Gaorong Capital.
LP interview: CreditEase Wealth Management
Leveraging the online and offline infrastructure of its parent’s P2P lending platform, CreditEase Wealth Management has built a channel for Chinese high net worth money to enter private equity
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 rural-focused financing platform gets $47m
Shenma Finance, an online platform that provides vehicle financing to China’s rural population, has received RMB300 million ($47.2 million) in Series C funding led by domestic financial technology player Tongbanjie Group, China Growth Capital, and Hina...
China’s Meiliche Jinrong raises another $38m
Meiliche Jinrong, the online auto finance unit of Chinese consumer loans site Meili Jinrong, has raised an additional RMB239 million ($37.88 million) for its Series B round.
China’s Legend Star closes $127m VC fund
Legend Star, the early-stage investment arm of China’s Legend Holdings, has closed its third VC fund at RMB800 million ($127 million).
Chinese financial services platform concludes $63m Series B
Huisuanzhang, a Chinese finance and tax management software developer, has completed a RMB400 million ($63 million) Series B round of funding across two tranches.
Asia fundraising: Retail channels
Private equity firms keen to diversify their LP bases are looking to establish relations with Asia’s high net worth segment, and the private banks and wealth managers who facilitate access to this community
IDG Capital invests in CreditEase's insurance unit
CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
China’s CreditEase reaches $32m first close on Israel VC fund
Chinese asset manager CreditEase Wealth Management has reached a first close of $32.2 million on its second Israel-focused venture capital fund.
China auto financing platform Chedai gets $52m Series B
Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.
Chinese LPs: Untapped potential
Still at an early stage of its development, China’s LP community has minimal exposure to offshore private equity. Institutions with big checkbooks aren’t necessarily the fastest movers
Outbound fund-of-funds: China's white space
Is channeling capital from Chinese high net worth individuals into offshore private equity the next big opportunity for fund-of-funds providers?