Greater Bay Area
Deal focus: isBIM targets real estate’s digitisation catch-up
A renewed focus on safety and sustainability has prompted property developers to consider technology-enabled fixes. IsBIM is riding the wave from Greater China through Asia and the Middle East
Gobi reaches $256m target for Greater Bay Area fund
Gobi Partners has reached its HKD 2bn (USD 256m) target for AEF Greater Bay Area (GBA) Fund, the successor to Alibaba Hong Kong Entrepreneurs Fund, according to Chibo Tang, a managing partner with the firm.
Investcorp, Fung Capital launch $500m GBA fund
Bahrain-headquartered Investcorp and Fung Capital, the PE investment arm of Hong Kong’s Fung Investments, have established a USD 500m Greater Bay Area (GBA) fund.
Shenzhen investors offered cash handouts for Hong Kong IPOs
Shenzhen-based venture capital investors will receive one-off cash rewards for taking companies public in Hong Kong and sponsoring special purpose acquisition companies (SPACs) that list on the territory’s stock exchange.
Gobi-managed Alibaba Entrepreneurs Fund hits first close
Alibaba Entrepreneurs Fund II, a Greater Bay Area-focused vehicle managed by Gobi Partners, reached a first close of USD 100m at the end of June 2021 and total commitments now stand at USD 120m.
Hong Kong's Qupital secures $150m Series B
Hong Kong B2B financial technology provider Qupital has raised a $150 million Series B round led by Greater Bay Area Homeland Development Fund.
Deal focus: TR Capital doubles down on China tech
Secondaries specialist TR Capital has established a base in Shenzhen with a view to sourcing more deals in China’s red-hot technology sector. Online used car trading platform Bochewang is the latest example
China trucking player secures $200m Series E
For-U Smart Freight, a Chinese road freight logistics company, has raised a $200 million Series E round led by China Structural Reform Fund, China life Investment, and Greater Bay Area Homeland Investments.
Q&A: Bain & Company's Henrik Naujoks
Henrik Naujoks, Bain & Company’s financial services lead for Asia, observes that investors must not ignore the increasing cohesion of the Greater Bay Area despite a relative lack of near-term gambits
Vista founder calls for investment in Asia tech infrastructure
Vista Equity Partners is keen to invest in Asia’s financial technology space, but founder Robert F. Smith stressed that governments must put in place the appropriate regulatory infrastructure.
China's MiningLamp gets $200m Series E extension
The Russia-China Investment Fund has led a $200 million Series E extension for Chinese big data player MiningLamp Technology, taking the overall round to $500 million.
HSBC launches $880m GBA tech fund
HSBC has launched an $880 million fund to provide debt financing for early-stage technology companies leveraging China’s Greater Bay Area (GBA) development initiative.
Greater Bay Area: Promise keepers
The Greater Bay Area initiative plans to speed up regional integration in the Pearl River Delta, with Hong Kong set to be a major beneficiary. Questions remain about the government’s ability to follow through