Beijing-based OneSpace Technology, China’s first private rocket producer, has raised a RMB300 million (US$44 million) series B round led by CICC Jiatai Equity Funds, according to the company’s official announcement.
New Oriental Education & Technology Group has established a RMB1.5 billion (US$220 million) industrial fund to invest in Chinese educational companies, according to the company’s announcement at a press conference last Friday in Beijing.
Beijing-based Chinese children’s graded on-line reading platform Koala Reading has raised a US$20 million series B round led by GGV Capital and XVC Venture Capital, according to the company’s announcement.
Lianxing Capital has raised strategic investment from many institutions including Huobi Global Ecosystem Fund, JLAB, and Gobi Venture Capital among others.
To tackle China’s structural shortage of quality healthcare services, technology and innovation can play an important role beside regulatory reform, Jiang Xiaodong, managing partner of Chinese venture firm Long Hill Capital, told China Money Network.
Guangdong-based agriculture products distributor Wangjiahuan has raised a RMB400 millon (US$58.7 million) series A round from Singapore-based logistics solution provider Global Logistic Properties (GLP), according to the company’s announcement.
China’s Aplus Capital has launched a RMB300 million (US$44 million) fund in Chengdu to invest in technology sector in Western China.
Cathay Capital announced it has raised EUR600 million (US$702.87 million) on its Cathay Midcap II, which is targeting EUR1.2 billion (US$1.4 billion).
Liu Cixin, author of The Three-body Problem, will join IDG Capital as chief thinker, the later announced on its official WeChat account.
Nathan Yu also known as Yu Ning, former vice president of Chinese automaker Geely Holding Group, has joined NIO Capital, a private equity fund established by Chinese electric car company NIO, as managing partner.
iCarbonX , a Chinese artificial intelligence-enabled health data mining start-up, has signed a strategic cooperation agreement with COFCO NHRI, the central research institute under Beijing-based agricultural conglomerate COFCO Corporation, to push for the dynamic blood sugar research and its related application development.
The government of Guizhou Province, China, has announced plans to establish a RMB3 billion (US$470 million) industrial fund to boost big data development.
Conrad Tsang, founder and chairman of Hong Kong-based investment firm Strategic Year Holdings Ltd., sat down earlier this week with China Money Network on the sidelines of the China Private Equity Summit 2018, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA). Tsang founded his own firm in 2015 after spending 13 years at Baring Private Equity Asia, last serving as managing director at the global private equity firm. During the early years of his career, he …
Shanghai-based Volcanics Venture has raised US$72.8 million of its proposed US$100 million fund from 14 investors, according to its security filing with the U.S. Securities and Exchange Commission.
Sinovation Ventures, a Chinese venture capital firm founded by former Google China head Kai-Fu Lee, has announced the establishment of a RMB2.5 billion (US$391 million) artificial intelligence fund in Guangzhou.
Pivotal bioVenture Partners China (Pivotal China), a member of Nan Fung Life Sciences announced the closing of Pivotal bioVenture Partners China USD Fund I, raising US$150 million to incubate and build life sciences companies in China.
China’s Tianqi Lithium Corporation is reportedly nearing a deal to buy a 24% stake in Chile’s Sociedad Quimica Y Minera (SQM) at US$4.3 billion, one of the world’s largest lithium producers. Lithium is a critical element in the production of rechargeable batteries, including for cars.
JPMorgan Chase & Co. has announced that it will assume a majority stake of its Chinese mutual-fund management joint venture by raising its holding to 51% from 49% currently after Beijing recently relaxed its rules for foreign ownership of financial firms.
Tom Zhang, former engineering partner at Google Ventures, has joined Sinovation Ventures, a Chinese VC firm co-founded by former head of Google China Kai-Fu Lee, as chief data scientist.
Xiaomi-backed Chunmi Electronics Technology Co., Ltd., a rice cooker and kitchen appliance maker, has completed a series C round of financing led by Guangkong Zhongying Capital. No financial details have not been disclosed.
Xiyun International, a Chinese group meal catering company, has raised US$200 million in a series A round of funding from Ant Financial, CDH Investment and Koubei, a local commerce portal under Alibaba and Ant Financial.
Shenzhen-listed real estate developer Tahoe Group is planning to to establish a RMB20 billion (US$3.1 billion) mergers and acquisition (M&A) fund focused on real estate projects, according to a stock exchange filing.
NIO Capital, a private equity fund established by Chinese electric car company NIO, is close to completing the first round of a US$500 million offshore fund that will invest in new automotive technologies, according to media reports.
InfraRed NF, a Hong Kong-based real estate investment fund, has paid US$50 million for a 90% stake in Hong Kong self-storage provider RedBox Storage Limited, according to an announcement from InfraRed NF.
Chinese social media-based e-commerce firm Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion.
New York-based investment firm Blackstone Group LP has announced that Yan Yan, former president of Chinese office real-estate developer Soho China, has joined as a managing director in its real estate team in Asia.
With its announced 5% strategic investment in France’s game developer Ubisoft, Chinese Internet giant Tencent has solidified its position as one of the world’s leading purveyors of video games.
China’s online education platform 17Zuoye, owned by Sunny Education Inc., continues to be a magnet for investors. The latest investment is a US$250 million Series E round in led by Singaporean investment fund Temasek. The deal follows a $200 million investment by AI-driven news aggregation company Toutiao on March 7.
Chinese medical cosmetology mobile app SoYoung has reportedly completed a funding round worth hundreds of millions of RMB led by Orchid Asia, only 80 days after its last fundraising round of US$60 million.
Chinese online education service Sunlands Online Education Group has filed an applications for an initial public offering of up to US$300 million with the U.S. Securities and Exchange Commission.
Chinese online apartment rental platform Danke Apartment has raise US$100 million in a B round led by CMC Capital and Banyan Capital, with proceeds used to fund the company’s expansion.