Taiwan (China)
Taiwan’s Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.
Taiwan launches $120m Silicon Valley VC fund
Taiwan’s National Development Fund (NDF) and Ministry of Science and Technology (MST) have agreed to form $120 million VC fund that will invest in Silicon Valley tech start-ups.
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
Taiwan’s 91App raises $9m from AppWorks, CID
91App, a Taiwan-based start-up that helps e-commerce companies set up mobile apps, has secured a Series A round of funding worth $9 million led by local incubator AppWorks.
Taiwan incubator AppWorks raises $50m start-up fund
AppWorks, a Taiwanese incubator, has raised NT$1.5 billion ($50 million) for a new fund to support domestic internet start-ups.
Mainland Chinese investors barred from owning Taiwan start-ups
Chinese groups are free to make venture capital investments in Taiwan but they will not be able to gain control over local start-ups, according to Taiwan’s Ministry of Economic Affairs (MOEA).
Taiwan's Bureau of Labor Funds issues real estate, infrastructure mandates
The Bureau of Labor Funds (BLF), Taiwan’s largest pension fund system, will allocate a total of $2.4 billion to 12 global alternatives managers - four in real estate and eight in infrastructure.
Taiwan’s MediaTek launches $300m corporate VC fund
MediaTek, a leading Taiwanese fabless chipmaker, has launched a $300 million venture fund that will invest in global start-ups.
Alibaba to launch $316m non-profit fund for Taiwan start-ups
Chinese e-commerce giant Alibaba Group has earmarked NT$100 billion ($316 million) for a not-for-profit fund that will be used to boost entrepreneurship among young people in Taiwan.
CDIB invests $55m across two China deals
CDIB Capital, a private equity arm of Taiwan's China Development Financial, has invested a total of $55 million in two Chinese companies.
Taiwan’s MasterLink Securities launches VC units in Tianjin
MasterLink Securities, the fourth-largest brokerage firm in Taiwan, has won regulatory approval to launch two venture capital investment units in mainland China.
Taiwan’s NDF commits $84m to VC funds
Taiwan’s National Development Fund (NDF) will invest up to $84 million into four venture capital funds as part of efforts to support local start-ups.
Cheetah Mobile plans fund to support Taiwan start-ups
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, plans to set up a NT$100 million ($3.1 million) fund to invest in Taiwan-based mobile internet start-ups.
CVC to sell most of its stake in Philippines lender RCBC
CVC Capital Partners is set to make a partial exit from Rizal Commercial Banking Corporation (RCBC) as Cathay Life Insurance confirmed it had agreed to buy a 20% stake in the Philippines lender for PHP17.92 billion ($400.5 million).
Taiwan’s CDFH, Fujian Electronics in first close on debut RMB fund
Taiwan-based China Development Financial Holding (CDFH) and China’s Fujian Electronics & Information Group have reached a first close of RMB1 billion ($162 million) on their debut renminbi-denominated fund.
SummitView, Shanghai government launch $1.7b PE fund
SummitView Capital has partnered with the Shanghai government to launch a RMB10 billion ($1.7 billion) private equity fund, which will invest in semiconductor manufacturers.
Taiwan regulators promise greater transparency – AVCJ Forum
Local regulators stressed their commitment to encouraging private equity investment as industry participants at the AVCJ Taiwan Forum urged the government to appreciate the role the asset class can play in shoring up the island’s slowing economy.
Taiwan can’t afford not to have private equity – AVCJ Taiwan
Regulatory reforms that encourage private equity are vital if Taiwan is to revive foreign direct investment flows that trail other parts of Asia and maintain its competitiveness, a visiting US economic official told the AVCJ Taiwan Forum.
Taiwan’s Fubon commits $30m to US-based Athyrium credit fund
Fubon Life, the second-largest insurer in Taiwan, has committed $30 million to Athyrium Capital Management’s healthcare-focused credit fund.
Taiwan’s Cathay buys PE-owned Conning for $240m
Cathay Life Insurance, Taiwan’s largest insurer, has agreed to buy Conning Holdings, an asset manager owned by US private equity firm Aquiline Capital Partners, for $240 million.
Q&A: Zoyi Capital's Andrew Kuo
Andrew Kuo has spent two decades working on China deals, first as a banker and then as an investor with H&Q Asia Pacific and The Blackstone Group. He formed Zoyi Capital to focus on the China-Taiwan angle
Taiwan VC: Captive element
Taiwanese corporations are launching captive VC units to invest in technologies that can update their product offerings. The new source of funding is welcome in the absence of independent VCs, but is it a panacea?
Beyond Beijing: Taiwan's trade dilemma
Taiwan’s future success as a foreign investment – and a private equity – destination largely hinges on the future of its free trade relationships. But the territory must first manage its ties with mainland China
Taiwan LPs: Hare and tortoise
GPs are watching with interest as Taiwan restructures its labor pension fund system, thinking of potential LP commitments. But insurers remain the most active players in the market, and they want to do more