China Reform Fund Management Co.,Ltd, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises, has led a RMB1 billion (US$159 million) series C round in 100Credit, a fintech start-up that uses big data to provide credit services.
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.
JD.com Inc., China’s second-biggest e-commerce company, will invest RMB537 million (US$85 million) in Allianz China General Insurance, taking a 33% stake and becoming its second largest shareholder, according to the announcement published by the Insurance Association of China.
The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.
LaSalle Investment Management has raised over US$1.1 billion of equity for LaSalle Asia Opportunity V, exceeding the initial US$750 million target announced at the fund’s launch in August 2016.
China’s social media giant Tencent Holdings has led a RMB617 million (US$98.2 million) series A round in Chinese video news platform Pear Video. It marks the latest in a series of recent investments in the video space by Tencent.
Cathay Capital Private Equity, a sino-Europe cross-border private equity firm, has teamed up with Total Energy Ventures and Hubei High Technology Investment Guiding Fund Management to launch Cathay Smart Energy Fund, an investment fund dedicated to the new energy sector in China.
Century Bridge Capital, a private real estate investment fund focused on investing in residential property projects in smaller cities in China, announced today that it has successfully exited and repatriated the proceeds from its investment in Dalian, China.
KKR today announced the launch of a multi-brand digital marketing company in China, as the global investment firm aims to create a consolidated marketing platform in the segmented Chinese digital marketing space.
One of the most significant financial relationships between China and the U.S. has come to an end with the news that China’s sovereign wealth fund China Investment Corp (CIC) has sold its stake in U.S. private equity firm Blackstone Group LP.
Jing Hong (pictured), a partner at Chinese private equity and venture investment firm Hillhouse Capital, has reportedly left the company to start her own fund. This is the latest in a string of investment professionals leaving established firms to set up their own fund to tap into the booming private investment market in China.
Hong Kong-based real estate investment firm Gaw Capital Partners said it has completed a deal to acquire a retail portfolio comprising 17 shopping centers in Hong Kong via one of its funds and consortium partners including Goldman Sachs.
Chinese private equity group Orient Hontai Capital has agreed to buy a 53.5% stake in Spanish media firm Imagina Media Audiovisual, valuing the target company at an enterprise value of EUR1.9 billion (US$2.34 billion).
An investor corsortium led by funds managed by CITIC Capital Holdings Ltd. and Chinese media firm Caixin Global has reached an agreement to acquire a unit of London-listed Euromoney Institutional Investor PLC for US$180.5 million, the firms announced today.
Canada Pension Plan Investment Board (CPPIB) and Chinese property developer Longfor Properties Co. Ltd announced today they are extending their cooperation to include two new mixed-use real estate development projects in Chengdu and Shanghai in China, for a total CPPIB commitment of approximately RMB4.2 billion (US$663 million).
Japan’s financial services firm Orix Corp has led a US$70 million follow-on series D round funding in Chinese peer-to-peer lending platform Dianrong, and plans collaboration between the two companies.
Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a RMB1 billion (US$150 million) Internet and culture industry-focused fund.
U.K.-listed Intermediate Capital Group (ICG) and its funds have acquired a 100% stake of Singapore’s private eduction institution PSB Academy (PSB) from Baring Private Equity Asia (BPEA).
Pan-Asia private equity firm Baring Private Equity Asia said that its affiliated private equity funds have sold Korean cement business Halla Cement to Taiwan-based Asia Cement for a total enterprise value of US$723 million, marking a quick exit for a business it acquired less than two years ago.
Global alternative asset manager The Carlyle Group has hired Wanlin Liu, former managing director at Goldman Sachs Principal Investment Area, as managing director.
Tiger Global Management and CMC Capital Partners have reportedly led a US$450 million new funding round in Meicai.cn, a fresh produce e-commerce platform connecting farmers and restaurants.
American private equity firm Warburg Pincus’s affiliate and Genesis Capital have invested US$120 million in a series D round in Chinese online tutoring start-up Zhangmen, the company announced in a press release today.
Tencent Holdings Ltd. and private equity firm Orchid Asia Group have led an investment round worth hundreds of millions of RMB in Shanghai-based online music tutoring platform Peilian.com.
China’s largest co-working office space operator UrWork, founded in 2015, has raised a RMB300 million (US$45 million) series C financing round at RMB9 billion (US$1.3 billion) valuation. The new financing round came four months after the two-year-old start-up raised a RMB1.2 billion (US$179 million) pre-C round in August.
China’s largest private agriculture company New Hope Group has completed the acquisition of Australia’s Real Pet Food Company from Quadrant Private Equity for A$1 billion (US$770 million), in a move to further its foray into the fast-growing pet industry in the country.
Chinese cloud storage and distribution firm Kingsoft Cloud has raised US$300 million series D round from Chinese private equity firm Liyue Investment and China Minsheng Investment, as well as Kingsoft Cloud’s controlling shareholder Kingsoft.
Vion Technology Inc., a Chinese artificial intelligence firm specializing in machine vision, has raised a US$20 million series B round from Samsung Electronics, Swiss automation company ABB, Chinese venture firm Tsing Capital and Hong Kong-based investment firm Waterwood.
Canada Pension Plan Investment Board (CPPIB) announced that it had invested HK$1.94 billion (US$248 million) to acquire an interest in Goodman Hong Kong Logistics Partnership (GHKLP), one of Goodman’s flagship logistics partnerships with the largest portfolio of logistics properties in Hong Kong.
The year 2017 will be remembered as a record setter for the Chinese private equity and venture capital industry, as the number of IPO exits secured by PE/VC firms this year almost doubled from a year ago. In fact, the number of IPO exits in 2017 is equals to half of all IPO exits recorded in the six years from 2011 to 2016.
Accenture PLC, a global management consulting and professional services company, has appointed Wei Zhu, formerly managing director of Standard Chartered Private Equity (SCPE), as chairman and geographic unit managing director for Accenture Greater China, effective January 1, 2018.
KKR today announced a newly promoted group of 23 members, which are KKR’s equivalent of partners, and 44 managing directors, effective from January 1, 2018. Two members and five managing directors in Asia Pacific are among the newly anointed top ranks at one of the largest private equity firms in the world with US$153 billion assets under management as of September 30, 2017.