Morningside Technologies
DCM leads $75m round for China's Maimai
DCM Ventures has led $75 million Series C round for Maimai, a Chinese social networking app for professionals, with participation from existing backers IDG Capital and Morningside Venture Capital.
Yunfeng leads $120m round for China’s Xiaozhu.com
Chinese PE firm Yunfeng Capital has led a $120 million Series E round of funding for Xiaozhu.com, a Beijing-based short-term rentals platform.
China's SenseTime closes $410m Series B round
Sense Time, a Chinese artificial intelligence (AI) and deep learning technology start-up has closed a $410 million Series B round of funding across two tranches, led by CDH Investments and Sailing Capital, respectively.
Ping An leads $75m round for YY's gaming subsidiary Huya
China Ping An Insurance has led a $75 million Series A round for Huya, the live game broadcasting subsidiary of Chinese social networking platform YY.
Morningside closes debut renminbi VC fund at $143m
Morningside Venture Capital, a China-focused early-stage VC firm that used to manage only US dollar-denominated funds, has closed its first renminbi vehicle at RMB1 billion ($143 million).
Tencent leads $350m round for VC-backed Kuaishou
Kuaishou, a Chinese live-streaming video app backed by VC investors and search engine Baidu, has raised $350 million in a new round of funding led by Tencent Holdings.
China travel sites Woqu, Lulutrip merge, raise $25m
Chinese outbound online travel platforms Woqu.com and Lulutrip – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge. The combined entity has received $25 million in new funding.
Cathay, Shenzhen Fortune lead $58m round for China’s Aihuishou
Cathay Capital Private Equity and Shenzhen Fortune Venture Capital have led a RMB400 million ($58 million) Series D round of funding for Aihuishou, a China-based electronic products recycling platform.
China used car trading platform Souche raises $100m
Souche Holdings, a Chinese online second-hand car trading platform, has raised a $100 million Series C round of funding led by Alibaba Group’s financial services affiliate Ant Financial and car rental services provider Ucar.
China short-term rental site Xiaozhu raises $65m
Chinese short-term rental site Xiaozhu.com has collected a total of $65 million across two tranches from a group of China-focused VC investors.
Sino-US shopping app Operator raises $15m Series B
Operator, a US-based conversational shopping app, has closed a $15 million Series B round led by GGV Capital, which is intended to help accelerate its expansion in China.
VCs invest $44m in China mobile app developer DotC United
DotC United, a Hong Kong-based mobile app publisher, has raised a RMB300 million ($44 million) Series A round of funding from several Chinese VC investors, including Banyan Capital and Chengwei Capital.
Lei Jun, CEO withdraw take-private proposal for China's YY
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
GGV, Morningside lead $32m round for China fitness app
GGV Capital and Morningside Venture Capital have co-led a $32 million Series C round for Keep, a Chinese mobile app that provides fitness training programs.
Fosun Kinzon leads $15m round for China medical app
Fosun Kinzon Capital, a VC arm backed by Fosun Group, has led a RMB100 million ($15 million) Series B round for Easyhin, a Chinese mobile app that provides healthcare services to mothers and children.
Legend leads $30m round for China cloud services provider
Legend Capital has led a $30 million Series C round of funding for Haizhi, a China-based cloud computing service provider.
Singapore's Aslan Pharma closes $43m Series C round
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
Temasek, Hillhouse lead $150m round for China’s Aiwujiwu
Aiwujiwu, a Chinese rental and second-home listings portal, has completed a Series E round of funding worth $150 million round led by Temasek Holdings and Hillhouse Capital.
Deal focus: Meili Jinrong targets P2P consumer finance
Yooli founder turns his attentions to specialist niches in China's overcrowded online peer-to-peer lending space, with support from Morningside Venture Capital and SoftBank China
Tiantu leads Series C round for China cosmetics retailer
China consumer-focused GP Tiantu Capital has led a Series C round of funding for Meilapp, a mobile portal devoted to cosmetics and skincare.
BAI leads $65m round for China P2P lending site
Bertelsmann Asia Investment (BAI) has led a $65 million Series A round of funding for Meili Jinrong, a Chinese peer-to-peer (P2P) online lending platform with a focus on consumer finance.
Fund focus: Morningside scales up for growth deals
Morningside Venture Capital divides up the corpus of its $660 million fourth fund to address a China market increasingly characterized by early-stage and late-stage deals
Morningside closes fourth China TMT fund at $660m
Morningside Venture Capital, a VC firm set up by Hong Kong’s Chan family – owners of property developer Hang Lung Group – has closed its fourth China-focused fund at $660 million.
China’s LeTV buys control in VC-backed Yongche
Chinese media company LeTV Holdings has acquired 70% in Yongche.com, facilitating an exit for existing shareholders in the car rental and taxi-booking app.