Trustbridge
Qiming, Trustbridge back China education app developer
Chinese online education app developer Xuebajun has raised a $50 million Series B round led by Qiming Venture Partners and Trustbridge Partners, with participation by existing investor Vertex Ventures.
Deal focus: China's Remix plans to rattle Windows
"Many people look at us and think we're a hardware company. That's actually not accurate," says Jeremy Zhou, co-founder of Beijing-based Jide Technology. "What we really focus on isn't the hardware product but a new operating system (OS) inside the tablet."
China hospitals: Complicated prescription
Private equity investors see huge opportunities in China’s hospital space on the back of healthcare reforms. But valuations are high, doctors are in limited supply, and regulation can be a headache
Trustbridge, Foxconn, JD.com back Chinese tablet maker
Trustbridge Partners has led a RMB100 million ($16 million) Series A round of funding for Jide Technology, a Chinese manufacturer of tablets running the Android operating system (OS).
CRCI leads $100m round for China car-sharing app Dida Pinche
China Renaissance Capital Investments (CRCI) has led a $100 million Series C round for Dida Pinche, a Chinese peer-to-peer (P2P) car-sharing app. TrustBridge Partners, IDG Capital Partners and US-listed automotive website Bitauto also took part.
Dianping leads round for China food ordering platform Meican
Chinese restaurant reviews and group-buying specialist Dianping has led a RMB140 million ($23 million) Series C round of funding for Meican.com, a local online food-ordering platform.
Arizona PSPRS commits to Trustbridge's fifth China fund
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Trustbridge joins round for China food ordering site Meican
Meican, a Chinese food ordering platform, has received an undisclosed sum in follow-on funding from Trustbridge Partners to complete a Series B round of funding.
Tencent buys 20% stake in VC-backed Dianping
Tencent Holdings has paid an undisclosed sum for a 20% stake in Dianping, a VC-backed online listings provider best known as one of China’s most popular sites for restaurant reviews. The deal comes as China’s internet giants continue to broaden their...
Trustbridge leads $130m Series A for China P2P lending platform
Shanghai-based Trustbridge Partners has led a $130 million Series A round of financing for China online peer-to-peer (P2P) lending platform Renrendai.com. The company claims this is the largest transaction ever globally in this sector.
LightInTheBox to buy VC-backed e-commerce player Ador
LightInTheBox, the venture capital-backed Chinese online retailer that went public in the US last year, has acquired US social e-commerce site Ador for an undisclosed sum.
Simcere accepts Hony-backed take-private bid worth $490m
Chinese drug developer Simcere Pharmaceutical Group has agreed to a management buyout offer from a consortium led by its chairman and Hony Capital that values the company at approximately $490 million. Simcere is now expected to de-list from the New York...
China’s LightInTheBox raises $79m through US IPO
VC-backed Chinese online retailer LightInTheBox saw its stock jump 22% on its first day of trading in New York, following an IPO that raised $79 million. It is the first Chinese company to go public in the US this year, and only the second to make the...
China’s LightInTheBox sets IPO terms, targets up to $87m
VC-backed Chinese online retailer LightInTheBox plans to raise up to $87 million through its IPO on the New York Stock Exchange (NYSE).
China’s VC-backed Light in the Box files for $86m IPO
VC-backed Chinese online retailer Light in the Box could raise up to $86.3 million through an IPO on the New York Stock Exchange.
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
VCs invest $1.2m in Japanese website Retty
GREE ventures, NTT investment Partners and Mitsubishi UFJ Capital have jointly invested JPY100 million ($1.2 million) into Retty, a Japanese social restaurant guide.
Trustbridge receives $30m from Arizona pension fund
Trustbridge Partners has received a $30 million commitment for its fourth fund from the Arizona Public Safety Personnel Retirement System. An India sidecar fund on JPMorgan’s Asian Infrastructure & Related Resources Opportunity (AIRRO) Fund will get...