Real estate private equity firm Gaw Capital Partners acted as co-capital sponsor in the first close of US$550 million for a China outlet mall investment fund. The ERES APAC II – China Outlet Mall Fund is backed by Allianz, Gaw Capital Partners, and TIAA General Account, a Frankfurt-based German asset management company, among others.
Shunwei Capital, Oriza Holdings and Puhua Capital have led a RMB500 million (US$75 million) series B round in CloudWalk Technology Co., Ltd., an artificial intelligence facial recognition firm whose technology is widely applied in the financial, public security and aviation sectors. Yuexiu Financial Holdings Group, Shenzhen Qianhai Xingwang Investment Co. and a fund co-invested by Galaxy Holding and Zhangjiang Group participated in the new funding round. Cloudwalk also received RMB2 billion (US$301 million) from the government of Guangzhou to set up …
Shares of Yixin Group Ltd., China’s largest online automobile financing platform, got off to a fast start on its trading debut in Hong Kong on Thursday, jumping over 30% in early trade, before settling lower later in the day.
Yidian Zixun, a Chinese personalized news feed mobile app backed by New York-listed Phoenix New Media, has finalized a US$112.1 million financing round from Long De Cheng Zhang Culture Communication (Tianjin) Co., Ltd., a Chinese government guidance fund, and two unnamed investors.
China Investment Corporation, a sovereign wealth fund responsible for managing part of China’s foreign exchange reserves, has partnered with U.S. investment giant Goldman Sachs to establish a US$5 billion China-U.S. industrial fund during President Trump’s visit to Beijing, according a CIC announcement on WeChat on Nov. 9.
Financing of Chinese co-working space industry continues to accelerate as leading players battle for market share.
Fosun Kinzon Capital, the venture capital arm of Shanghai-based conglomerate Fosun Group, has changed its name to Fosun RZ Capital.
Venture firm Matrix Partners China has joined a RMB100 million (US$14.5 million) series A financing round in TianYi Research Institute, a Changsha, Hunan province-based commercial microsatellite start-up, according to Chinese media reports.
Beijing-based third-party payment platform Lakala Payment Co., Ltd., backed by Chinese Legend Holdings, is planning for listing on ChiNext, the NASDAQ-style bourse of the Shenzhen Stock Exchange, after the company’s planned back-door listing via a reverse merger with Shanghai-listed Tibet Tourism failed to materialize.
The enormous growth in the number of Chinese venture funds, against the backdrop of a cooling investment market, could potentially bring disastrous impact to venture investing and start-ups in the country, a senior Chinese official warned.
Chinese conglomerate HNA Group has agreed to acquire an approximate 25% stake in Hilton Worldwide Holdings Inc. from the Blackstone Group LP for about US$6.5 billion, after the global private equity giant realized several exits this year by selling assets to Chinese buyers.
Chinese smart wristband maker Huami Technology, which makes the Mi Band fitness tracker for Xiaomi Inc. as a manufacturing partner, is reportedly seeking a new round of financing on a US$1 billion valuation.
Qiming Venture Partners has invested in LIH Investment & Management, a Beijing-based rehabilitation medical institution, according to a company announcement. Financial details were not disclosed.
Eugene Suh, formerly chief investment officer at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer based in Hong Kong.
Meet You, a Chinese female social network and mobile app operated by Xiamen Information Technology, has completed a RMB1 billion (US$151 million) new financing round from undisclosed investors, according to Chinese media reports.
Tsinghua Holdings has led a RMB150 million (US$23 million) series B round of financing in Tsinova, a Chinese smart bicycle start-up, the company announced.
Shunwei Capital and Northern Light Venture Capital have co-led a RMB100 million (US$15 million) series B round in Shenma Jinrong, an e-commerce start-up focused on credit-driven consumption in China’s rural areas.
PCCW Ltd and Tencent Holdings Ltd have made a strategic investment in STX Entertainment, a Hollywood film studio and distributor backed by Hony Capital and TPG’s growth unit, says a company announcement.
Kelaile, a Chinese big data marketing service provider, has completed a RMB110 million (US$16.6 million) series B round in July, according to Chinese media reports.
CDF Capital has led a RMB80 million (US$12 million) series A round of financing in Touzhijia.com, a P2P (peer-to-peer) online lending platform affiliated with Yingcan Group, according to a company announcement.
Hamilton Lane Advisors L.L.C. has reached final closing of a new global private equity fund-of-funds vehicle at US$516 million, exceeding its original target of US$400 million, the firm said in an announcement.
Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement.
Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement.
Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors.
China Investment Corporation has participated in a US$181 million series C financing round in Unity Technologies, a San Francisco-based video game engine maker.
Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car company Car Inc., has been approved to list on China’s New Third Board.
Chinese condiment maker Yihai International Holding, in which Yunfeng Capital owns a 6% interest, has completed an initial public offering in Hong Kong to raise around HK$861 million (US$111 million).
IDG Capital Partners has reached final closing of IDG Capital Fund III with total commitments of US$1 billion, according to a company announcement.
Canadian private equity firm Onex Corporation and Baring Private Equity Asia have agreed to acquire the Intellectual Property & Science business (IP&S) from Thomson Reuters for US$3.55 billion, says a company announcement.
AMC Entertainment Holdings, Inc., the U.S. cinema chain owned by Dalian Wanda Group, has agreed to acquire London-based Odeon & UCI Cinemas Group from private equity firm Terra Firma in a transaction valued at approximately £921 million (US$$1.2 billion). The deal, if completed, will make AMC the largest cinema operator globally with over 7,600 screens. It will also provide an exit for Terra Firma on a 12-year-old investment. Terra Firma bought Odeon in 2004 for €650m to merge with UCI, …
China Growth Capital has led a US$10 million series B+ round in Juzi Entertainment, a new media content producer, with participation from Qihoo 360 Technology Co. Ltd.