DCM-Doll Capital Management
China Online Education slips on trading debut, VCs re-up
VC-backed China Online Education Group closed marginally below its offering price on the first day of trading on the New York Stock Exchange, following an IPO worth $45.6 million. Existing backers Sequoia Capital and DCM concurrently committed an additional...
China dating app Tantan raises $32m Series C
Tantan, a Chinese version of US-based dating app Tinder, has completed a $32 million Series C round led by DST Global, Vision Plus Capital and LB Investment.
VC-backed China Online Education files for US IPO
China Online Education Group, operator of VC-backed English-learning mobile app 51Talk, has filed for a US IPO.
DCM China co-founder Ruby Lu joins H Capital
Ruby Lu, co-founder and general partner at DCM China, has joined H Capital, a China-focused venture capital firm founded by Xiaohong Chen, ex-China managing partner at Tiger Global Management.
Genesis backs Chinese second-hand machinery trading platform
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
China online truck logistics platform secures $35m
Huochebang, a China-based online logistics platform that allows truck shipment tracking, has raised a $35 million round of funding led by Genesis Capital.
Japan CRM start-up raises $16.9m Series C
Japanese customer relationship management (CRM) software developer Sansan has raised a S$24.2 million ($16.9 million) Series C round led by DCM.
HNA invests $500m in PE-backed China tour operator Tuniu
China’s HNA Tourism Group has agreed to invest $500 million for a 24.1% stake in Tuniu, a US-listed Chinese online package tour provider that has several PE and VC investors.
China’s LeTV buys control in VC-backed Yongche
Chinese media company LeTV Holdings has acquired 70% in Yongche.com, facilitating an exit for existing shareholders in the car rental and taxi-booking app.
SoftBank leads $1b round for Renren-backed US online lender
Japanese technology giant SoftBank Group has led a $1 billion Series E round of funding for Social Finance (SoFi), a Silicon Valley online lending marketplace also backed by China social networking site Renren.
Loan or own? Chinese strategics offer debt to start-ups
As Chinese start-ups raise larger, later-stage rounds, strategic investors are looking to participate through structured debt products rather than through equity. This approach presents its own risks
Japan’s Freee raises $30m Series C round
DCM, Recruit Holdings and Japan Co-Invest have committed $30 million in Series C funding to Freee, a Japan-based provider of automated online accounting software.
DCM closes second Android fund at $100m
DCM has raised $100 million for its second Android-focused fund, which will target start-ups building apps for Google’s mobile operating system.
IDG, DCM, NLVC commit $100m to China mobile office platform
IDG Capital Partners, DCM and Northern Light Venture Capital (NLVC) have participated in a $100 million Series D round of funding for Fxiaoke.com, a Chinese cloud-based mobile business management application.
China tour provider gets $500m from JD.com, PE investors
Tuniu, a US-listed Chinese online package tour provider, has agreed to raise $500 million through a private placement to e-commerce giant JD.com and several of its existing PE and VC backers.
DCM invests $3m in China’s Udesk
DCM has committed $3 million in a Series A round of funding to Udesk, a China-based customer service outsourcing business.
Legend leads Series C round for China’s UCloud
Legend Capital has led a Series C round worth approximately $100 million for UCloud, a Chinese cloud service provider, with participation from VMS Investment Fund, DCM, Bertelsmann Asia Investments (BAI) and GX Capital.
VC-backed 58.com acquires Chinese real estate platform
Chinese online marketplace 58.com, a VC-backed classifieds website along the lines of Craigslist, has acquired Anjuke, an online real estate listing platform, for about $267 million.
China taxi-booking apps: Road war
High-powered alliances are forming in China’s mobile taxi-booking space around Kuaidi Dache and Didi Dache as part the ongoing battle between the big internet companies. What does it mean for VC investors?
Hony takes a trip to Tuniu
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
DCM leads $30m Series B for China gay social app
DCM has led a $30 million Series B round of funding for Blued, a Chinese gay dating app.
Sequoia leads $55m Series C for Chinese English-study site
Sequoia Capital has led a $55 million Series C round of funding for 51Talk, a Chinese online English-teaching platform, with participation from Shunwei Capital Partners and DCM.
DCM raises $170m China top-up fund, wins SFERS backing
The San Francisco Employees' Retirement System (SFERS) has committed $25 million to a China-focused venture capital fund being raised by DCM that will make follow-on investments in later-stage portfolio companies.
Korea VC: Seoul-searching
The South Korean start-up community is flourishing as early-stage investors flock to the country in search of opportunities. What is driving this renewed interest and can it last?