Shenzhen Capital Group
Chinese retailer KK Group files for Hong Kong IPO
KK Group, a Chinese online-to-offline lifestyle retailer that has raised more than USD 400m in venture capital funding, has filed for a Hong Kong IPO.
Shenzhen Capital backs Chinese titanium metal producer
Shenzhen Capital Group has participated in a CNY 2.27bn (USD 321m) funding round for Yunnan National Titanium Metal, a subsidiary of Shenzhen-listed chemicals producer LB Group.
China automotive industry supplier Kasco raises $72m
Kasco, a China-based air suspension supplier for passenger vehicles, has closed a Series B round of CNY 510m (USD 72m) led by an investment arm of CRRC Group, China State-Owned Venture Capital Fund, Source Code Capital, and Shenzhen Capital Group.
China EV brand Aion raises $2.5b
GAC Aion, an electric vehicle (EV) brand under GAC Group, a Chinese state-owned automotive manufacturer, has raised CNY 18.3bn (USD 2.5bn) in Series A funding at a valuation of CNY 103.2bn from 53 so-called strategic investors.
Deal focus: China start-up mines 3D printing’s micro potential
Supported by a string of Chinese investors, Boston Micro Fabrication has carved a niche serving global manufacturers that want 3D printing solutions for very small components
Shenzhen Capital leads Series C for miniature 3D printing player
Shenzhen Capital Group has led a USD 43m Series C round for China and US-based Boston Micro Fabrication (BMF), which specialises in microscale 3D printing systems.
China EV maker Hozon completes Series D with $443m tranche
Hozon Auto, a Chinese electric vehicle (EV) manufacturer, has raised CNY 3bn (USD 443m) in funding from the likes of Shenzhen Capital Group, Qianhai FoF, Hongtai Capital, Dayone Capital, Insight Capital, and Dianshi Capital.
China virotherapy specialist Binhui Biopharm raises $47m
Binhui Biopharm, a Chinese biotech firm specialising in oncolytic virus immune-oncology, has raised CNY 300m (USD 47m) in an extended Series B round led by Yangtze River Pharmaceutical Group.
China smart text processing start-up raises $92m
Data Grand, a China-based specialist in text recognition and processing robotics, has raised CNY 580m （USD 92m）in Series C round featuring China Merchants Securities, CITIC Securities, GF Securities, and China Securities.
SoftBank leads Series A for China cashier-less vendor
SoftBank Ventures Asia (SBVA) has led a CNY 300m (USD 47m) Series A for Feng1, a China-based cashier-less vendor start-up. CICC Capital and Shenzhen Capital Group also participated.
China smart home specialist Aqara raises $156m
Aqara, a China-based provider of smart home appliances and internet-of-things (IoT) solutions, has raised RMB1 billion ($156 million) in Series C funding.
Hong Kong’s OrbusNeich raises $200m
Hong Kong-based medical devices maker OrbusNeich Medical Group has raised about $200 million across two rounds featuring Shenzhen Capital Group and its Red Earth Healthcare Investment Fund.
China EV battery maker raises $1.5b
Svolt Energy Technology, formerly the battery manufacturing unit of Chinese automaker Great Wall Motor, has raised RMB10.28 billion ($1.5 billion) in a Series B funding round led by Bank of China Investment.
China cancer treatment specialist Ionova raises $100m
Tsing Song Capital, a Chinese healthcare-focused private equity firm, has led a $100 million round for Ionova Life Science, a local biotech player specializing in cancer treatments.
China HR SaaS player Beisen raises $260m
Beisen, China’s largest integrated human resources software-as-a-service (SaaS) platform, has raised $260 million in Series F funding. It is said to be the largest-ever round in this segment of enterprise services.
VCs flock to Chinese chip designer Moore Threads
Moore Threads, a Chinese chip designer established as recently as last October by a team from Nvidia, has closed two funding rounds amounting to several billion renminbi.
Chinese virotherapy specialist Binhui Biotech raises $93m
Wuhan-based Binhui Biotech has raised RMB600 million ($93 million) in Series C funding led by Shenzhen-based Share Capital. Other investors include CICC Capital, Vertex Ventures China and Qianhai FOF under Shenzhen Capital Group.
China's Chang Guang Satellite raises $376m
Chang Guang Satellite Technology, a China-based commercial satellite developer, has raised RMB2.46 billion ($376 million) in pre-IPO funding. It is the largest-ever funding round in China’s commercial aerospace industry.
China's Suning raises $912m for e-commerce services arm
Yunwang Wandian, the e-commerce services arm of Suning.com, one of China’s largest retailers, has raised a RMB6 billion ($912 million) Series A round led by Shenzhen Capital Group.
China e-signature business raises $150m Series D
Shenzhen Capital Group, Evergrande High-tech Group and Fortune Capital have participated in a RMB1 billion ($150 million) Series D round for eSign, a China-based electronic signature service provider.
China robotics, AI player Data Ground raises $35m
Data Ground, a Chinese robotics and artificial intelligence (AI) technology developer, has raised RMB270 million ($35 million) in an extended Series B round led by Shenzhen Venture Capital.
China’s GenFleet Therapeutics raises $50m Series B
CDH Investments and Shenzhen Capital Group have co-led a $50 million Series B round for GenFleet Therapeutics, a Chinese drug developer.