Trustbridge
PE-backed Chinese cosmetic surgery platform surges on US debut
So-Young International, a Chinese online marketplace specializing in cosmetic surgery, surged over 33% on its trading debut following a $166.8 million IPO on NASDAQ.
Chinese cosmetic surgery marketplace files for US IPO
So-Young International, a Chinese online marketplace focusing on cosmetic surgery, has filed to list in the US. PE backers include Orchid Asia, Matrix Partners China, and the Russia-China Investment Fund (RCIF).
China social e-commerce platform Yunji targets US IPO
Yunji, a Chinese membership-based e-commerce platform that typically works with small-scale retailers that don’t have the resources to compete online, has filed to list in the US.
China's Liulishuo posts modest gain following $72m US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, ended its first day of trading on the New York Stock Exchange up 1.2%.
Meituan-Dianping gains on debut after $4.2b Hong Kong IPO
Chinese online-to-offline (O2O) lifestyle services platform Meituan-Dianping gained 5.3% on its trading debut in Hong Kong following a HK$33.1 billion ($4.2 billion) IPO.
Meituan-Dianping targets $4.4b IPO, promises domestic focus
Meituan-Dianping, China’s leading online-to-offline (O2O) lifestyle services platform, is looking to raise up to HK$34.6 billion ($4.4 billion) in its Hong Kong IPO, while emphasizing that it will focus on its core domestic business rather than pushing...
China language learning app Liulishuo files for US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, has filed to list in the US.
WeWork raises $500m for China unit
Trustbridge Partners, Temasek Holdings, SoftBank Group and the SoftBank Vision Fund, and Hony Capital have led a $500 million Series B round for the China branch of US-based co-working space operator WeWork.
China Renaissance targets $800m in Hong Kong offering
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation...
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.
PE-backed China Literature raises $1.1b in HK IPO
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
ClearVue, TAL lead $55m round for China’s Changingedu
Consumer-focused GP ClearVue Partners and US-listed TAL Education Group have jointly led a $55 million Series D round for Changingedu, a China-based education platform that connects teachers and students.
China's Meituan-Dianping raises $4b in new round
Meituan-Dianping, China's largest online-to-offline (O2O) local services platform, has raised $4 billion in a Series C round of funding led by existing investor Tencent Holdings.
China-based English language learning app secures Series C
CMC Capital Partners and Wu Capital – a Beijing-based family office for Longfor Properties – have jointly led a Series B round of funding for Liulishuo, a language learning app powered by artificial intelligence (AI).
Carlyle-backed Tencent ebook unit files for Hong Kong IPO
China Literature, the ebook unit of China’s Tencent Holdings whose backers include The Carlyle Group and Trustbridge Partners, has filed for an IPO in Hong Kong.
Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
China VCs lead $100m round for local education app Xueba
China Merchants Capital and Grand Fight Investment have co-led a $100 million Series C round of funding for Xueba, a Chinese education app that helps students understand homework exercises.
China VC-backed education platform raises extended Series C
Changingedu, a China-based after-school tutoring platform backed by several VC investors, has raised an additional $18 million in an extended Series C round from US-listed Chinese company TAL Education Group.
Chinese investors in $30m round for US genetic testing firm
Trustbridge Partners has led a $30 million Series B round for US-based genetic testing company Veritas Genetics.
Sequoia leads $70m round for China cloud services specialist
Existing investor Sequoia Capital China has led a $70 million Series C round for Yuntongxun, a Chinese provider of cloud-based services for corporate communications, followed by TrustBridge Partners.
China hospitals: Long-term cure?
Hospitals have emerged as a phenomenally popular target for private equity in China, but it may take time for ambitious growth projections to be realized
Sequoia, TrustBridge back China chemicals e-commerce site
Sequoia Capital and TrustBridge Partners have co-led a Series C round of funding for Molbase, a Chinese B2B e-commerce platform that sells chemical products.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Chinese tutor app Changingedu.com raises $100m
TAL Education Group, a US-listed K-12 after-school tutoring service provider, has led a $100 million Series C round for Changingedu.com, a China-based platform that connects private teachers with students.