Tencent
Chinese car transaction services platform targets $150m US IPO
Cango, a private equity-backed Chinese automotive transaction services platform that brings together car dealerships, buyers, and financial institutions, is seeking to raise up to $150 million through a US IPO.
Meituan-Dianping GP closes consumer fund at $300m
Longzhu Capital, a venture capital firm established by Chinese online-to-offline (O2O) services platform Meituan-Dianping, has closed its debut fund at RMB2 billion ($300 million).
Goldman leads $127m round for Chinese fitness app
Goldman Sachs has led a Series D funding round worth $127 million for Keep, a Chinese mobile app that provides fitness training programs.
Tencent prepares for IPO of PE-backed music business
Tencent Holdings has taken the first step towards a US listing for its music streaming business, in which PAG Asia Capital is a minority investor.
China-US tech: The innovation game
The emergence of domestically-developed tech business models in China that can be exported overseas has VC investors hoping the country can become known as an innovator rather than a copycat
Tencent, Sequoia join $80m Series B for Australia's Airwallex
Australian financial technology company Airwallex has closed an $80 million Series B funding round with participation from existing investors Tencent Holdings and Sequoia Capital China.
Chinese social e-commerce player Pinduoduo files for US IPO
Pinduoduo, a Chinese social e-commerce platform that counts Tencent Holdings and a string of venture capital firms among its investors, has filed for an IPO in the US.
Deal focus: VCs see profits as VIPKid goes young
China's online English language education start-up VIPKid has raised $500 million in Series D-plus funding to grow its youth-focused teaching business
Meituan-Dianping set for bumper Hong Kong listing
Meituan-Dianping, China’s leading online-to-offline (O2O) platform that offers lifestyle services ranging from hotel booking to food delivery to bike-sharing, has filed for an IPO in Hong Kong.
China online travel service provider files for HK IPO
Tongcheng-eLong, a Chinese online travel services company backed by Tencent Holdings and domestic travel leader Ctrip, has filed for a Hong Kong IPO.
China's VIPKid raises $500m round
China-based English language learning platform operator VIPKid has received a $500 million funding round led by Sequoia Capital, Tencent Investment, Yunfeng Capital, and Coatue Management.
China social e-commerce player Red raises $300m
Alibaba Group has led a $300 million Series D round of funding for Red, a social e-commerce site that enables Chinese consumers to buy products from overseas.
Tencent leads $50m round for India's NewsDog
China's Tencent Holdings has led a $50 million Series C round for NewsDog, an Indian vernacular language news app founded by Chinese entrepreneurs.
VC-backed Huya gains on US trading debut after $180m IPO
Huya, a Chinese game broadcasting business that spun out from social networking platform YY, gained 33.8% on its New York Stock Exchange trading debut following a $180 million IPO.
China's WeDoctor gets $500m pre-IPO round
WeDoctor, a Chinese online healthcare platform backed by Tencent Holdings, has received a $500 million round of funding – at a valuation of $5.5 billion – from Hong Kong-listed insurance company AIA Group and infrastructure and services conglomerate...
Walmart to pay $16b for majority stake in India's Flipkart
Walmart has agreed to pay $16 billion for a 77% stake in Flipkart, an Indian e-commerce business that has received substantial private funding. The deal will facilitate full exits for several investors, including SoftBank’s Vision Fund.
Chinese robot developer gets $820m Series C round
Tencent Holdings has led an $820 million Series C round of funding for Ubtech, valuing the Chinese manufacturer of consumer humanoid robots at approximately $5 billion.
China car-trading platform Renrenche gets $300m
Goldman Sachs, Tencent Holdings and ride-hailing business Didi Chuxing have led a $300 million funding round for Renrenche, a Chinese consumer-to-consumer (C2C) used-car trading platform.
Deal focus: MiningLamp brings AI to low-tech China
China Renaissance backs MiningLamp's ambitions to power the information processing needs of China's small businesses
China-Indonesia VC: Biding their time
Investments by China's tech giants becoming more prominent in Indonesia's tech space, but Chinese VC investors continue to tread cautiously in the country for the most part
Chinese big data firm MiningLamp gets $159m Series C
MiningLamp Software, a big data solutions provider in China, has raised a RMB1 billion ($159 million) Series C round of funding led by China Renaissance’s Huaxing Growth Capital and Tencent Holdings.
Alibaba vs Tencent: Trench warefare
Alibaba Group and Tencent Holdings have different approaches to M&A but the same objective of achieving pre-eminence in China's internet industry. Other companies are obliged to take sides
Deal focus: Meituan makes a strategic move with Mobike
Meituan-Dianping's acquisition of Mobike means stellar returns for some of the early investors in the Chinese company - and more layers of intrigue in the competitive dynamic between Alibaba Group and Tencent Holdings
China’s Meituan-Dianping acquires PE-backed Mobike
Meituan-Dianping, China’s largest online-to-offline (O2O) local services platform, has agreed to buy full control of bike-sharing company Mobike. Both companies are backed by Tencent Holdings and have received substantial private equity funding.