IDG Ventures
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,...
iProf gets Series A venture backing
iProf Learning Solutions – a company that manufactures an education tablet device - has received a first-time investment round from venture firms Norwest Venture Partners and IDG Ventures India, taking in $4.9 million to expand its e-learning centers...
Kefei Li joins Wilson Sonsini Goodrich & Rosati
Tech and enterprise-focused law firm Wilson Sonsini Goodrich & Rosati has appointed Kefei Li as a China-based Partner, joining from Skadden, Arps, Slate, Meagher and Flom in Beijing.
IDG-Accel raise $1.3 billion
IDG-Accel has announced that it has raised $1.3 billion.
Qihoo 360 to list in the US
Venture-backed PRC internet site Qihoo 360 Technology Co Ltd, plans to be listed in the US and is aiming to raise up to $200 million in a debut on the NYSE. Established in 2005 in Beijing, the China-based company – which claims to be the third most...
IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of...
The changing face of venture
With the US back on the radar as the market of choice for the best and brightest in TMT, where do Asian companies fit into the picture, and how are VC funds finding them early enough to make a profit?
VC-backed Tudou plans for $150 million IPO
VC-backed Chinese online video major Tudou.com is set to make its public debut on NASDAQ in Q1 2011, with the aim of garnering between $100-150 million from its listing.
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.
IDG Capital makes angel investment in tea shop in Fuzhou
IDG Capital, a leading venture capital firm with special focuse on the China market, has invested RMB50 million ($7.35 million) in Fujian Impression Dahongpao Tea Co., Ltd., which operates three tea shops in the Gulou, Taijiang and Changle districts...
IDG Capital invests $40 million in Chinese e-commerce solutions firm
IDG Capital Partners, a China-focused venture capital firm, has made another investment in the mainland's rapidly growing e-commerce sector, infusing $40 million in leading foreign-trade e-commerce solutions provider BizArk.
Apax, General Atlantic to support SouFun float
European private equity major Apax Partners and US large-scale VC leader General Atlantic are to jointly underwrite the NYSE IPO of leading PRC real estate portal SouFun Holdings, 51% invested by Australian telecom incumbent Telstra Corp.
China Kanghui sees NYSE IPO rise
VC-backed PRC orthopedic implants manufacturer China Kanghui Holdings saw its shares rise some 3.8% from $10.25 to $10.64 on its NYSE debut, the middle of its planned pricing range, raising some $68.4 million.
Sohu sells search engine Sogou stake to Alibaba, funds
China’s top e-commerce player Alibaba Group is to take a 16% stake in Sohu.com Inc.’s online search business Sogou as part of a deal that sees Alibaba and its Chairman Jack Ma, through a separate fund, buy preferred shares, while Sohu’s Chairman...
Temasek, IDG, JAFCO, KTBand, Granite invest $50 million in Tudou.com
Investors from VCs to SWFs have made a $50 million joint Series E investment in Tudou.com, one of the largest video sharing website operators in China, based in Shanghai.
IDG Capital invests $29.5 million in Superdata Software Technology in China
IDG Capital Partners has made a follow-on capital injection of RMB200 million ($29.5 million) into Superdata Software Technology (Guangzhou) Ltd., a China-based provider of SME management software.
VC-backed China Kanghui seeks $75 million IPO on NYSE
VC-funded China Kanghui Holdings, a manufacturer of orthopedic implants, has filed for a $75 million IPO on the New York Stock Exchange, with investors including IDG Capital, Accel Partners, TDF Capital, CDH Ventures and VivoVentures.
IDG RMB fund gets NSSF backing
China's National Social Security Fund (NSSF) has agreed to invest around RMB1.2 billion ($177 million) in IDG Capital Partners' Harmony Growth Fund, an RMB-denominated fund which targets to raise RMB3.5 billion ($516 million).
IDG to boost Vietnam exposure through two new funds
The International Data Group (IDG) is reportedly set to launch two VC funds in Vietnam in the next two years, with a total capital of $400 million, targeting chiefly the IT field.
Entertainment and media is where it’s at
Just not as glamorous as you thought
Norwest leads $7.2 million fundraising round for Perfint Healthcare
Norwest Venture Partners has led a $7.2 million Series B fundraising round for Indian medical equipment developer Perfint Healthcare Pvt Ltd. with Perfint’s existing investors Accel Partners and IDG Ventures also participating in the financing.
IDG VC, JAFCO, WI Harper invest PRC WAP provider 3g.cn
Wireless Application Protocol (WAP) portal 3g.cn has raised more than $10 million in its third round of financing from VC firms including China Broadband Capital Partners (CBC), IDG VC Partners, JAFCO Asia, and WI Harper Group.
IDG invests Yiji Network
IDG Ventures has invested an undisclosed amount in Guangzhou Yiji Network Technology, a Chinese systems integration and network business, in order to support its Easy Business e-commerce platform, according to PRC media reports.
VC-backed PRC hotel chain rises on NASDAQ debut
China Lodging Group Ltd, an economy hotel chain operator in China, has debuted on NASDAQ with a 27% rise on its first day's trading.