KPCB China Management
VC-backed Asia streaming business agrees SPAC merger
Asia Innovations Group (ASIG), a social media, gaming, and e-commerce business best known for the Uplive streaming platform, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an equity valuation of USD 2.5bn.
PE-backed China dental player files for Hong Kong IPO
Arrail Group, a leading Chinese dental chain that has raised about $400 million in private funding since 2010, has filed for a Hong Kong IPO.
China audio platform Ximalaya files for US IPO
Ximalaya, China’s largest online audio platform, which counts the likes of Tencent Holdings, General Atlantic, and Goldman Sachs among its backers, has filed for a US IPO.
China tech valuations: Unnatural acts
China’s tech sector is gripped by uncertainty, but some GPs will do anything to avoid marking down their portfolios. LPs are entitled to ask whether unicorns are still worthy of a billion-dollar valuation
China biotech: Finding the formula
An eruption of investment and company creation in Chinese biotech has signaled the dawn of a raw but promising market. First-movers must negotiate immediate pitfalls while targeting long-term upside
KPCB leads $20m round for China cross-border retail player
KPCB has led a $20 million Series B funding round for BorderX Lab, a US-based e-commerce services company that helps global retailers connect with Chinese consumers.
Chinese dating app Momo buys VC-backed Tantan
Chinese mobile dating app operator Momo, which has been listed on NASDAQ since 2014, has agreed to buy 100% of VC-backed industry peer Tantan in a cash and stock deal.
China's Jianpu trades weakly after $180m US IPO
Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
Healthcare funds: Repeat prescription
An assortment of healthcare-focused GPs – most of them in China – have emerged to leverage rising domestic consumption and nascent medical innovation. Does domain expertise mean better deal access?
Chinese financial products platform files for US IPO
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
China's VC-backed Zai Lab files for US IPO
Zai Lab, a Chinese drug developer backed by several venture capital investors, has filed for a US IPO. The company has yet to indicate how many shares it plans to sell or at what price.
Ex-KPCB China executive Wei Zhou launches new VC firm
Wei Zhou (pictured), formerly a managing partner at KPCB China, has launched a new VC firm – China Creation Ventures – and closed his debut renminbi-denominated fund at RMB1.5 billion ($220 million).
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.
CreditEase's Yirendai targets up to $82.5m in US IPO
Yirendai, an online peer-to-peer (P2P) online platform owned by China-based micro-credit loan player CreditEase, is looking to raise up to $82.5 million through its US IPO.
CreditEase's online P2P lending unit files for US IPO
Yirendai.com, an online peer-to-peer (P2P) online platform owned by China-based micro-credit loan player CreditEase, has filed for an IPO in the US.
TPG leads Series C for China wealth management firm Sinowel
TPG Capital has led a $41 million Series C round of funding for Sinowel Enterprise Group, a Chinese third-party wealth management firm.
Dianping leads round for China food ordering platform Meican
Chinese restaurant reviews and group-buying specialist Dianping has led a RMB140 million ($23 million) Series C round of funding for Meican.com, a local online food-ordering platform.
China social mobile app Pengpeng raises $17m from VCs
Pengpeng, a Chinese social mobile gaming app, has raised $17 million in a Series B round of funding from KPCB China, Ventech Capital and Magic Stone Alternative Investments.
KPCB China’s Tina Ju launches new fund under TDF banner
KPCB China's Tina Ju is reactivating the TDF Capital franchise as she looks to raise $200 million for a venture capital fund that will target technology, media and telecom, consumer and healthcare deals.
China mobile marketing firm Lomark raises $30m
A group of VC investors – DFJ DragonFund, KPCB, ABC Capital and Shenzhen Fortune Venture Capital – have committed $30 million in Series B funding to Lomark, a Chinese mobile advertising firm.
KPCB leads $50m round for China video app
KPCB has led a $50 million Series C round of funding for Chinese video app Miaopai, with participation from Sina, Redpoint Ventures and StarVC, a VC firm launched by a group of Chinese celebrities.
China's Zai Lab raises $30m Series A round
Qiming Venture Partners has led a $30 million Series A round of funding for Zai Lab, a Shanghai-based biotech drug developer, with participation from KPCB, Sequoia Capital and TF Capital.
Temasek’s Pavilion Capital leads $60m round for Rong360
Temasek Holdings’ Pavilion Capital has led a $60 million Series C round of funding for Rong360, a Chinese online search for loan products.