A unit of Chinese conglomerate Fosun Group has led a series A financing round in Westwell Lab, a Shanghai-based artificial …
Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike
Mobike is in the process of acquiring a smaller peer, Xiamen city-based UniBike, for an undisclosed amount of money; the …
DCM Leads $10M Round In Chinese Crowdfunding Platform Duocaitou
DCM Ventures has led a US$10 million series A round in Duocaitou, a Chinese crowdfunding platform focused on hotel and …
CITIC Capital Reaches Final Closing For China Fund At $1.57 Billion
CITIC Capital Partners, an investment arm of CITIC Capital Holdings Ltd., has reportedly reached final closing for its China-focused private …
China Growth Capital Leads $29M Round In Agriculture E-commerce Firm Dafengshou
Orchid Asia Group and China Growth Capital have led a RMB200 million (US$29 million) series B round in agriculture e-commerce …
Ele.me, Juewei Launch $30M Fund To Invest In Catering Firms
Juewei Food Co., a Chinese food retailer best known for its marinated duck necks and chicken feet, said it has …
Chinese Firms Behind 9 Of 10 Most Lucrative Mobile Games Worldwide
Chinese companies are behind nine of the ten most lucrative mobile games in the Apple app store globally in terms …
UC Express Teams Up With GLP To Establish Logistics Fund In Western China
UC Express, a Shanghai-based logistics company, has teamed up with global logistics facilities operator Global Logistic Properties Ltd. and a …
Why Hong Kong's Government-Led Innovation Drive Is Failing
Entrepreneur Jeff Wang planned to start his company in Hong Kong in 2015, after obtaining a Ph.D. degree in mathematics …
Sequoia Leads Series A Round In Chinese Internet Security Firm Dingxiang
Sequoia Capital China has led a series A round in Dingxiang Technology, a Beijing-based Internet security systems developer, according to …
Sequoia Leads $400M New Round In Chinese Used-Car Trading Firm Guazi
Sequoia Capital China has led a US$400 million series B round in Guazi.com Inc., a Chinese online used car trading …
Youjin Capital Co-Leads $73M Round In Chinese Used-Car Auction Platform Chezhibao
Shenzhen-based venture firm Youjin Capital and Jiangsu One Belt One Road Investment Fund have led a RMB500 million (US$73 million) …
Former Goldman Sachs Executive Andrew Huang Joins FountainVest As Managing Director
Andrew Huang, formerly a managing director and head of China mergers & acquisition at Goldman Sachs, has joined China-focused private …
PE-Backed WuXi Biologics' $510M Hong Kong IPO Cheered By Investors
WuXi Biologics (Cayman) Inc., a Chinese contract drug manufacturer whose parent company is controlled by a group of leading private …
Chinese Insurer Anbang's Boss Wu Xiaohui Steps Down, Said Detained By Authorities
High-flying Chinese insurance firm Anbang Insurance Group has announced that Wu Xiaohui (pictured), its chairman and general manager, can no …
CICC Leads $73M Round In Chinese TV Production Firm XG Entertainment
Chinese investment banking group China International Capital Co., Ltd. (CICC) has led a RMB500 million (US$73 million) series B round …
Chinese Phone Maker OPPO Co-Leads $22M Round In EV Sharing Firm Ponycar
Chinese smartphone maker OPPO Electronics Corp. and investment firm Huiyou Capital have led a RMB150 million (US$22 million) funding round …
Tencent Leads $146M Round In Chinese Online Brokerage Firm Futu
Chinese Internet giant Tencent Holdings Ltd. has led a US$145.5 million C round financing in Futu Securities, an online brokerage …
Ucar Leads $320M Round In Chinese Electric Car Maker Xiaopeng
Ucar Group, a mobile app-based chauffeured car service launched by Chinese car rental company CAR Inc., has led a RMB2.2 …
Matrix Partners Joins $15M Round In China's Ferris Wheel Ticketing
Chinese venture capital firm Blue Lake Capital has led a US$15 million series B round in online ticket sales platform …
China Merchants Securities Co-Leads $160M Round In Cloud Firm QingCloud
Beijing-based enterprise cloud services provider QingCloud has raised a RMB1.08 billion (US$160 million) series D round from investors including China …
QF Capital Joins $14M Round In Chinese Inner-City Logistics Firm UUPaotui
Chinese venture capital firms QF Capital and Tianming Capital have led a RMB100 million (US$14 million) series A+ round in …
Pantheon's Jie Gong Says Chinese Growth-Capital Funds Are Soul-Searching
In this episode of China Money Podcast, guest Jie Gong, a partner at Pantheon’s Asia Investment Team, spoke to our …
YY Inc Leads $70M Round In Tinder's China Copycat Tantan
NASDAQ-listed Chinese online social entertainment firm YY Inc. has reportedly led a US$70 million series D round in Tantan, a …
Matrix-Backed HR Solutions Firm Career International IPOs On ChiNext
Career International, a Beijing-based talent solutions provider backed by Matrix Partners China, has completed a listing on the Shenzhen Stock …
Fosun Leads $14M Round In Chinese Cloud Computing Firm CloudCare
Chinese conglomerate Fosun Group has led a nearly RMB100 million (US$14 million) series C round in CloudCare, a Shanghai-based cloud …
Taiwan's Neoglory Group Leads $29M Round In Chinese Apartment Rental Firm
Neoglory Group, a Taiwan-based conglomerate with real estate and investment businesses, has led a RMB200 million (US$29 million) series B …
Gobi Partners Leads $7M Round In Chinese Agriculture Drone Sharing Start-Up
The sharing economy continues to attract venture funding in China. In the latest move, Chinese venture capital firm Gobi Partners …
Tencent Invests $44M In Skyworth's Smart TV Unit Coocaa
Tencent Holdings Ltd. has made a RMB300 million (US$44 million) strategic investment in Coocaa, the Internet TV division of Chinese …
PICC Invests $353M In Chinese Chauffeured Car Service Firm Ucar
PICC Asset Management, a subsidiary of People's Insurance Company of China Ltd., has made a RMB2.4 billion (US$353 million) strategic …
Chinese VCs Are Loving Autonomous Driving Tech
What is hot in China's venture capital land nowadays besides artificial intelligence? The answer: autonomous driving. Back in 2015, when …