GSR Ventures
Macy’s invests $15m in China’s VIPStore
Macy’s, the US department store operator, has invested $15 million in VC-backed Chinese e-commerce firm VIPStore. As part of the deal, Macy’s will sell private brand merchandise through omei.com, VIPStore’s luxury retail site.
GSR, Oak lead $30m Series B round for SunSun Lighting
China-based LED manufacturer SunSun Lighting has raised $30 million in Series B financing from GSR Ventures and Oak Investment Partners in addition to commitments from its original angel investors. The investment comes nearly a year after SunSun secured...
GSR Ventures leads $30m round for Boston-Power
GSR Ventures has led a $30 million round of investment into lithium-ion battery maker Boston-Power, which recently agreed to relocate its operational headquarters to China.
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
VCs monetize energy efficiency
Chinese government incentives to firms operating in the energy-efficient vehicles industry have been generous. Is there a catch?
Tsing Capital backs solar panel maker Sunpreme
Tsing Capital has participated in a $50 million round of financing for existing portfolio company Sunpreme, a Silicon Valley-based solar cell manufacturer. The round was led by International Finance Corp. (IFC), the investment arm of the World Bank, and...
Zhenai receives backing from Match.com
Match.com hopes that Chinese dating website Zhenai.com is an investment match made in heaven.
Boston-Power gets backing from Chinese government, GSR-led consortium
The Chinese government, in partnership with GSR Ventures and existing investors Oak Investment Partners and Stockholm-based Foundation Asset Management, has invested $125 million in lithium-ion battery maker Boston-Power.
IAC’s Match.com invests in Chinese dating website
IAC-owned Match.com has purchased a 20% stake in Chinese dating website Zhenai Inc. Details of the transaction have not been disclosed.
Group-buying sites remain a VC risk
Everyone loves a bargain, but when it comes to investing in China’s group-buying space, is the joke on the venture capitalists?
VC-backed Lashou prepares for US IPO - report
China's top group-buying website Lashou.com is planning an IPO in the US, Bloomberg reported, adding that the company is looking for deal advisers to replace Morgan Stanley and Goldman Sachs, which are already underwriting the listing of US rival Groupon.
GSR hires former Baidu CTO as partner in Beijing
GSR Ventures has appointed Yinan Li, a serial entrepreneur who has previously served as chief technology officer at Baidu, as a venture partner. Li, 41, will be based in Beijing and focus on investments in the China wireless and internet technology spaces.
Baidu takes off with Qunar
The ample potential of China's online travel industry was reiterated last week when internet search giant Baidu agreed to pay $306 million for majority ownership of venture capital-backed booking site Qunar. It follows the likes of Alibaba and Tencent...
GSR Ventures closes fourth fund at $350m
GSR Ventures has closed its fourth fund at $350 million after it was substantially oversubscribed. The firm, which focuses on early-stage technology deals in China, said that existing investors contributed over 80% of the capital.
Baidu set to become largest shareholder in VC-backed Qunar
Internet search giant Baidu is set to invest $306 million in venture capital-backed Chinese travel site Qunar, which would make it the majority shareholder in the company.
PE-backed Chinese fashion retailer plans US IPO
Moonbasa, a Chinese fashion retailer that counts China Renaissance Capital, GSR Ventures and DT Capital Partners among its investors, is seeking to raise $150 million on NASDAQ, Bloomberg reports.
GSR backs China’s growing LED market
GSR Ventures, a Beijing- and Silicon Valley-based venture capital firm, made its sixth investment in China’s LED industry last week, with a $10 million round of Series A financing for SunSun Lighting. The company wants to list within three years.
LED developer gets first financing from GSR Ventures
Chinese LED manufacturer SunSun Lighting has received $10 million in Series A financing from GSR ventures, an early stage venture capital firm. The company will use the funding to improve its technology with a view to establishing itself as a major player...
CNEI invests China’s LED producer
China New Enterprise Investment (CNEI), a China-focused private equity firm focusing on growth targets, has invested $11 million in Nanjing Handson, a domestic LED lighting application company.
Mayfield leads Series B round into ShineOn
LED-focused tech firm ShineOn Holding Incorporation has received a Series B funding from a group of top China-focused VCs including the Mayfield Fund, GSR Ventures, Northern Light Ventures and IDG-Accel Capital. The size of the investment was not disclosed,...
Lashou ups ante for group-buying niche
Chinese group-purchasing website Lashou.com received $110 million in a Series C financing round, bringing its total funding raised by VC to $166 million – the most capital any group-purchasing company in China has received, Lashou claims, coming as...
Lashou gets VC dollars as PRC group-buying sector heats up
Chinese group-purchasing website Lashou.com has received $110 million in a Series C financing round led by Milestone Capital, and included participation from Richemont’s affiliates Reinet Fund SCA FIS, Remgro Limited and previous investors GSR Ventures,...
VC-backed NetQin to IPO
PE-backed Chinese mobile technology firm NetQin mobile has submitted its filings to the New York Stock Exchange.
Lashou completes second financing from VC firms
Lashou.com, a Chinese website selling discount items for group purchase, has raised $50 million in second-round funding from investors including US venture firms Tenaya Venture, Norwest Venture Partners, China’s GSR Ventures and Rebate Network, a US...