ZWC Partners
China fundraising: Onshore vs offshore
Raising capital for China strategies is difficult right now, regardless of currency, but are geopolitical forces enabling the rise of renminbi-denominated funds at the expense of the US dollar?
Vision Fund leads Series D for China dental 3D printing player
SprintRay, a China-based 3D printing company that specialises in orthodontics, has raised a USD 100m Series D round led by Softbank Vision Fund 2.
China's ZWC hits first close on debut renminbi fund
Chinese venture capital firm ZWC Partners has reached the first close of CNY 1bn (USD 149m) on its debut renminbi-denominated fund. The overall target is CNY 1.5bn.
Q&A: ZWC Partners’ Michael Yao
Michael Yao, a partner at ZWC Partners, discusses valuations, exit obstacles, and artificial intelligence in China, as well as the scope for applying China knowledge in Southeast Asia
ZWC, IDG back China social CRM service provider
Wshoto – a Chinese social customer relationship management (SCRM) service provider that focuses on the WeChat ecosystem - has raised a CNY 300m (USD 47m) Series B round across two tranches.
DCP leads $235m round for China's Datong Insurance
DCP Capital Partners has become the largest institutional shareholder in Datong Insurance Service, one of China’s leading insurance brokerages, after leading a RMB1.5 billion ($235 million) round.
Deal focus: Hefu does dining at scale
China restaurant chain Hefu Noodle caters to a lunchtime office-worker client base from a network of central kitchens. Meridian Capital is one of several investors sold on the expansion opportunity
CMC leads $123m Series E for China noodle shop chain
CMC Capital has led a Series E funding round of nearly RMB800 million ($123 million) for Hefu Noodle, a Chinese noodle restaurant chain.
China's ZWC Partners raises $770m
Chinese venture capital firm ZWC Partners has closed its second US dollar-denominated fund at around $770 million, beating a target of $450 million.
China e-signature specialist Fadada gets $139m Series D
Tencent Holdings, Centurium Capital, and ZWC Partners have contributed RMB900 million ($139 million) in Series D funding to Fadada, a Chinese e-signature and cloud contract service provider.
ZWC hits $400m first close on China fund
Chinese venture capital firm ZWC Partners has completed a first close of $400 million on its second US dollar-denominated fund. The full target is $450 million.
Deal focus: Wiz moves fast in Southeast Asia
Wiz.Ai has leveraged the accuracy of its talkbot to secure business from corporate customers in Southeast Asia with specific use-case needs. The company's $6 million Series A round will support further expansion
Southeast Asia talkbot secures $6m pre-A round
Singapore-based talkbot provider Wiz.Ai has raised $6 million in pre-A funding led by GGV Capital. ZWC Partners, Insignia Venture Partners, Wavemaker Partners, and Orion Fund also participated.