Vision Knight Capital
Chinese online property marketplace set for IPO
Fangdd Network, a Chinese online real estate marketplace backed by the likes of FountainVest Partners and CDH Investments, has filed to list in the US.
Investors target China's lower-tier cities - AVCJ Forum
Private equity and venture capital firms are seeking investments that target China’s lower-tier cities, which continue to see rapid consumption growth despite the economic slowdown at national level.
Vision Knight backs Chinese personal care products maker
Vision Knight Capital has led a RMB200 million ($29 million) Series C round for Soocas, a Shenzhen-based manufacturer of personal care products such as electric toothbrushes and hairdryers.
Chinese financial education business receives $115m Series C
Golden Education, which claims to be China’s largest professional financial education provider, has received RMB800 million ($115 million) in Series C funding led by Hillhouse Capital and Morgan Stanley.
China’s LightInTheBox to acquire VC-backed Ezbuy
Chinese online retailer LightInTheBox has agreed to acquire Southeast Asian e-commerce operator Ezbuy for $85.55 million through a share swap.
Deal focus: VCs back Ezbuy’s cross-border e-commerce
A group of VCs including China’s Sky9 Capital are backing a global push by Southeast Asian e-commerce operator Ezbuy. The plan will require combining international vision with local knowhow
VCs invest $17.6m in Singapore's Ezbuy
A group of VCs including IDG Ventures has provided $17.6 million in pre-Series C funding to Singaporean shopping platform operator Ezbuy.
China serviced apartment operator gets $43m
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
China O2O retail: It’s good to touch
The rise of e-commerce in China has placed traditional retailers under pressure, but private equity investors are still finding opportunities with concepts that integrate online and offline
Deal focus: PE targets China’s gay community
Vision Knight Capital invests in Chinese gay social app Blued to leverage customer loyalty
China's Blued completes Series C round
Vision Knight Capital has led a Series C+ round for Chinese gay-oriented social network and community app Blued.
Vision Knight leads $153m round for China’s Weidai
Vision Knight Capital has led a $1 billion ($153 million) Series C round of funding for Weidai, a Chinese peer-to-peer (P2P) lending platform that specializes on providing auto loans.
China tech down rounds: Down and out?
While down rounds are increasing in frequency among US-based start-ups, the phenomenon has yet to take root in China. Desperation, dirty term sheets and willing investors are delaying the inevitable
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
China GPs wary of inflated unicorns – AVCJ Forum
China has no shortage of technology unicorns with valuations in excess of $1 billion, but picking the right team to back requires careful assessment, China-focused GPs said at the AVCJ China Forum.
Sequoia leads $84m round for China education site
Sequoia Capital has led a $84 million Series C round of funding for Xiaozhan Jiaoyu, a Chinese online education platform that focuses on students studying abroad.
Vision Knight-backed Zhong Ao launches HK IPO
China-based property manager Zhong Ao Home Group, which received a pre-IPO investment from Vision Knight Capital earlier this year, is looking to raise up to HK$459.2 million ($59.2 million) through a Hong Kong offering.
Asia e-commerce: The next generation
Most of emerging Asia’s e-commerce giants faced a binary choice between the asset-heavy online retail and asset-light marketplace models. Now, though, investors have a more nuanced opportunity set
Vision Knight loses managing partner Pak-Seng Lai
Pak-Seng Lai, a Hong Kong-based managing partner at Vision Knight Capital, will leave the China-focused private equity firm by the end of this month.
Private equity firm names: A brand apart
As private equity becomes more of a mainstream asset class, brand-consciousness kicks in. Finding a suitable name can be a challenge, particularly when operating in multiple markets and languages
Vision Knight bets big on property site
Vision Knight Capital expects massive growth in three segments of China’s e-commerce market over the next three years – property, autos and home decorating. Hence the private equity firm’s willingness to provide the largest portion of a $80 million...
China property site Fangdd raises $80m
Fangdd.com, a Chinese real estate portal, has raised $80 million in a Series B funding from Vision Knight Capital, Lightspeed China Partners and CDH Venture.
Ex-Auda Asia head Pak-Seng Lai joins Vision Knight
Vision Knight Capital (VKC) has appointed Pak-Seng Lai, formerly head of Asia at Auda, as managing partner. He will join the China-focused private equity firm in July.
China VC: The virtuous circle
China’s VC market is evolving as funds started by or raised from founders of first-generation internet firms. Concerns about conflicts of interest must be addressed, but the influence of their ecosystems will grow