GGV Capital
Autonomous vehicles: Driving ambition
Asia’s driverless car space has become an increasingly popular investment destination in recent years, but a number of significant challenges must be resolved for the sector to gain widespread social acceptance
GGV seeks $1.9b for new venture funds
Sino-US venture capital firm GGV Capital is targeting $1.88 billion for its latest fund, which like its previous fund is grouped into four separate vehicles.
China's Koala Reading raises $20m Series B round
Beijing Xiangyue Education Technology, operator of the Koala Reading platform that assesses the difficulty of Chinese language texts and helps schools create digital libraries, has received $20 million in Series B funding.
Chinese second-hand goods trading platform raises $65m
Sequoia Capital China has led an extended Series B round worth $65 million for Xiangwushuo, a Chinese online trading platform for second-hand goods. The company, which was founded as recently as 2017, has now raised $110 million in cumulative funding.
China’s 51Zhaoyou gets $150m in Series C funding
Chinese B2B oil trading platform 51Zhaoyou.com has raised $150 million across two tranches of Series C funding.
Deal focus: Keep makes a sport of data monetization
After raising a $127 million Series D round from the likes of Goldman Sachs and GGV Capital, Chinese fitness app operator Keep is set to find new ways of monetizing its user behavior data
Coatue leads $350m round for China education player Zuoyebang
Coatue Management has led a $350 million Series D round of funding for Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu.
VC-backed 51 Credit Card completes $129m HK IPO
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Goldman leads $127m round for Chinese fitness app
Goldman Sachs has led a Series D funding round worth $127 million for Keep, a Chinese mobile app that provides fitness training programs.
Singapore's CashShield gets $20m Series B
Temasek Holdings and GGV Capital have led a $20 million Series B funding round for CashShield, an online fraud management services company for mid to large sized enterprises based in Singapore.
China VC: Selection issues
China's venture capital space is increasingly popular among LPs, overpopulated by GPs, and generally difficult to navigate
China social e-commerce player Red raises $300m
Alibaba Group has led a $300 million Series D round of funding for Red, a social e-commerce site that enables Chinese consumers to buy products from overseas.
Hong Kong technology IPOs: Size matters
Hong Kong has altered its IPO regime to attract tech companies with unorthodox shareholding structures and biotech start-ups with no revenue. But only certain businesses are welcome to apply
GGV closes debut renminbi VC fund at $236m
GGV Capital has raised RMB1.5 billion ($236 million) for its debut renminbi-denominated fund. The successful close takes the Sino-US venture capital firm’s total assets under management past $4 billion.
GGV leads $15.7m Series B for China's Synyi
Synyi, a Chinese artificial intelligence (AI) start-up that helps hospitals and medical research institutes process and manage data, has received RMB100 million ($15.7 million) in Series B funding led by GGV Capital.
China online-to-offline: Retail reorientation
As technology brings the buyer closer to the seller, some investors are put off by the uncertainty while others see opportunities in finding ways to digitize – or further disrupt – traditional retailers
China's VC-backed 51 Credit Card files for HK IPO
Chinese online credit card management platform 51 Credit Card, which is backed by a handful of VC and strategic investors, has filed for a Hong Kong IPO.
Deal focus: Shunwei backs scalable home design model
Kujiale raises $100 million in Series D funding to grow its China-focused online home design tool
Shunwei leads $100m round for China’s Kujiale
Shunwei Capital has led a $100 million Series D round of funding for Kujiale, a Chinese home design and decoration site, with participation from Temasek Holdings-owned Pavilion Capital.
Corporate VC funds foreshadow auto sector M&A wave
A raft of specialist fundraising activity by technology and automotive corporates suggests start-ups in nascent areas of the mobility industry could benefit from a near-term uptick in M&A activity.
Auto technology: Investment vehicles
New and old players are vying for market share as the global automotive industry experiences a multifaceted reboot. Investment inroads abound, but there is much uncertainty in the evolution
VC holding periods: Delayed gratification
The traditional IPO exit timeline for early-stage investors is being pushed out as technology companies raise additional private funding rounds. A more thoughtful approach to securing liquidity is often required
China electric car maker Xpeng raises $348m
Xpeng Motors, a Chinese electric car manufacturer, has completed a RMB2.2 billion ($348 million) Series B round of funding led by Alibaba Group, Foxconn Technology Group, and IDG Capital.
Deal focus: VCs see value in secondhand luxury
Chinese online pre-owned luxury goods retailer Xinshang aims for scale with investments from GGV Capital, Joy Capital and Northern Light Venture Capital