Softbank China Venture Capital
VC-backed GDS prices IPO below indicative range
GDS Holdings, a Chinese data center provider that counts SBCVC among its investors, raised $192.5 million in its US IPO after pricing the offering below the indicative range.
SBCVC-backed GDS targets $269.5m in US IPO
VC-backed Chinese data center provider GDS Holdings is seeking to raise up to $269.5 million in its NASDAQ IPO. The proceeds could reach $309.9 million if the overallotment option is fully exercised.
CDIB leads round for Taiwan image-recognition start-up
Viscovery, a Taiwanese cloud-based image-recognition technology start-up, has raised $10 million in an extended Series A round led by China Development Industrial Bank (CDIB), a subsidiary of China Development Financial Holding.
SBCVC-backed data center business files for US IPO
China-based data center provider GDS Holdings, in which SBCVC and Ping An Insurance are minority shareholders, has filed for a NASDAQ IPO.
SBCVC invests in listed visual effects business Digital Domain - update
SBCVC and the Hong Kong-listed unit of Chinese conglomerate CITIC Group have agreed to invest as much as HK$368 million ($47 million) investment in Digital Domain, which has interests in media and entertainment.
China’s Best Logistics raises $760m
Best Logistics Technologies, a China-based logistics and supply chain management business part-owned by Alibaba Group, has completed a $760 million round led by Everbright Financial Holding Asset Management and CITIC Private Equity.
China’s KingYee, Quyiyuan raise combined $47m
Chinese mobile healthcare services provider Shanghai KingYee and its independent unit Quyiyuan - which operates a medical services booking app - have raised a combined RMB313 million ($47 million) in their latest rounds of funding.
VCs commit $50m to China’s Codoon
A sport industry-focused fund launched by FountainVest Partners and its portfolio company Focus Media has led a $50 million Series C round for Codoon, a Chinese wearable electronic devices manufacturer.
Lilly Asia, SBCVC invest $15m in China online drug seller
Healthcare-focused GP Lilly Asia Ventures and SBCVC have participated in a RMB100 million ($15 million) Series A round for 360 Haoyao, an online drug seller established by Chinese software company Qihoo360 Technology.
SBCVC leads round for China robotics start-up CloudMinds
SBCVC has committed $10 million to a $30 million seed round of funding for CloudMinds, a Chinese cloud-based robotics start-up.
SBCVC, New Horizon lead $119m round for China fashion site
SBCVC and New Horizon Capital have led a RMB1 billion ($119 million) Series C round for Chuchujie, a Chinese mobile e-commerce platform.
Deal focus: VCs see quality in Yummy Express' asset-heavy business model
While most logistics start-ups dedicated to serving China's online food-ordering platforms hire part-time staff through crowdsourcing, Yummy Express recruits full-time employees to provide a consistent service
ClearVue leads Series C for China O2O catering service
ClearVue Partners has led a $10 million Series C round for Yummy Express, a Beijing-based start-up that provides logistics services for online-to-offline (O2O) food-ordering platforms. SBCVC also participated in the investment.
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.
Fund focus: SBCVC moves with the times in China
Having raised $459 million for its latest venture capital fund, SBCVC is tracking the latest developments in China technology with a focus on robotics and advanced industrial applications
SBCVC commits $60m in China’s Acfun
Acfun, a Chinese social networking platform that focuses on video editing, has secured an extended $60 million Series A round of funding from SBCVC, previously known as SoftBank China Venture Capital.
IFC commits $25m to SBCVC's fifth China fund
The International Financial Corporation (IFC), the private investment arm of the World Bank, plans to invest $25 million in the latest fund raised by SBCVC, previously known as SoftBank China Venture Capital.
Baidu leads $40m round for China healthcare site
Chinese search engine Baidu has led a $40 million Series B round for Quyiyuan.com, a Shanghai-based medical consultation and service-booking mobile app.
China mobile health solutions provider raises $36m
Shanghai KingYee, a Chinese mobile healthcare services provider, has completed a RMB221 million ($36 million) Series C round of funding led by Sensegain Investment. SoftBank China Venture Capital (SBCVC) and HighLight Capital also participated.
SBCVC leads $20m in China education platform Xuexibao
SoftBank China Venture Capital (SBCVC) has led a Series B round of funding worth $20 million for Xuexibao, a Chinese online education platform. Existing investor GSR Ventures also participated.
SIG, SoftBank back China wearables maker Codoon
SoftBank China Venture Capital (SBCVC) and SIG Asia have invested $30 million in a Series B round of funding for Codoon, a Chinese wearable electronic devices manufacturer.
Softbank invests in Chinese P2P site Edai
Softbank China Venture Capital (SBCVC) has committed a Series A round of funding for Chinese peer-to-peer lending (P2P) platform Edai.com.
SoftBank leads $120m round for Chinese app platform Wandoujia
SoftBank Corp. has led a $120 million Series B round of funding for Wandoujia, a Chinese Android mobile app platform. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated in the round.
Vision Knight, Softbank China back tourism site 8trip
Vision Knight Capital has led a RMB150 million ($25 million) round of funding for 8trip, a Chinese B2B online travel website. SoftBank China Venture Capital (SBCVC) also participated in the round.