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Private Equity

Geely Sets Up JV With German Air Taxis Start-Up After Leading Its $55M Series C1 Round

Chinese automotive company Zhejiang Geely Holding Group has led the first closing of a series C round of financing worth…

Boyu Capital Leads Nearly $300M Series A Round In IDG-Backed Chinese Lodging Brand

ChengHome Apartment, a hotel and serviced apartment brand created by Chinese hotel management company Huazhu Hotels Group and Boston-born investment…

Temasek, Hillhouse Acquire 2% Stake In China’s Aier Eye Hospital For $258M

Singaporean sovereign wealth fund Temasek Holdings and Chinese private equity firm Hillhouse Capital have acquired a 2% stake in Shenzhen-listed…

KKR-Incubated Chinese Digital Marketing Firm Cue Closes Series A Round

Cue Holdings Limited, a Chinese one-stop digital marketing start-up controlled by global investment powerhouse KKR, announced on Tuesday the completion…

Chinese Electronics Maker TCL Unveils $327M PE Fund For Industry Chain Investments

Chinese electronics maker TCL Corporation has launched a private equity fund on Tuesday with RMB2.31 billion (US$327.02 million) in capital…

KKR To Take Majority Stake In NVC Lighting’s China Business For $794M

Global investment firm KKR announced on Sunday that it would pay US$794 million for a majority stake in the China…

Goldman Sachs Faces Potential Loss Of Nearly $30M In Chinese Fashion Brand

Goldman Sachs is facing potential losses of nearly over RMB200 million (US$28.4 million) in an investment it made six years…

JD.com Leads Nearly $142M In Chinese Elevator-Ad Unicorn Xinchao Media

Chinese e-commerce giant JD.com is leading a new round of investment worth nearly RMB1 billion (US$141.83 million) in Xinchao Media…

CITIC Capital Closes Fourth And Largest China Buyout Fund At $2.8B

CITIC Capital, the alternative investment management and advisory arm of Chinese financial conglomerate CITIC Group, announced on Thursday the final…

Chinese Fine Chemicals Manufacturer Huadao Biopharma Closes $14M Series B Round

Chinese fine chemicals manufacturer Huadao Biopharma announced last week the completion of a series B round of financing worth RMB100…

Chinese PE Firm Sharewin Investment Sets Up $144M Healthcare Fund

Chinese private equity firm Sharewin Investment has teamed up with Shenzhen-listed medical products developer Jiangsu Yuyue Medical Equipment & Supply…

Chinese Co-Working Start-Up Beeplus Gets $14M Amid White-Hot Market Competition

Chinese co-working space operator Beeplus announced on Tuesday that it has closed over RMB100 million (US$14.52 million) in a series…

Chinese Investment Bank China Renaissance Raises Nearly $1B For Latest RMB Fund

Chinese investment bank China Renaissance Group announced on Monday that its private equity unit, Huaxing Growth Capital, has raised the…

SAIC Capital’s PE Unit Closes $145M New Fund For Automobile Investments

Shang Qi Capital, a private equity arm of Chinese investment company SAIC Capital, announced on Friday the final closing of…

China’s Hopu Leads $100M Series D Round In Singapore-Based Smart Retail Start-Up

Chinese alternative asset management firm Hopu Investments has led a US$100 million series D round of financing in Trax, a…

Chinese State-Owned Shenzhen Capital Group Debuts Healthcare Fund Eyeing $290M

Shenzhen Capital Group, a venture capital firm founded by the local government in Shenzhen, announced last week that the company…

China’s Sino-Ocean Capital Reaches First Close Of Modern Logistics Fund At $232M

Sino-Ocean Capital, an alternative asset management unit of Chinese real estate-focused investment holding firm Sino-Ocean Group, announced last Saturday that…

Sino-Ocean Capital Leads $43M New Round In Chinese Seafood Supply Chain Operator

Xinliangji, a Beijing-based seafood supply chain operator, has raised RMB300 million (US$43.62 million) in a new round of financing led…

Chinese Online Insurer ZhongAn’s Fintech Unit Nets $285M Fresh Funds

ZhongAn Technology, a fintech firm backed by Chinese online-only insurance firm ZhongAn Online, unveiled on Thursday that it has closed…

China’s Ping An To Pick Up Shares In Edtech Unicorn iTutorGroup Eyeing Smart Education

Chinese insurance behemoth Ping An Insurance announced on Friday that it would pick up shares in iTutorGroup by investing capital…

Chinese Property Developer D&J China Nets $300M For Expansion Into Top-Tier Cities

Bain Capital Credit, a credit specialist owned by Boston-based investment firm Bain Capital, announced on Friday that it has committed…

China’s Bytedance Leads $57M Round In San Francisco-Based Education Services Provider

Bytedance, a Chinese internet technology firm operating several machine learning-enabled content platforms, has led a US$57 million new funding round…

China’s Fosun, JD.com Back SEA’s Parenting Community Platform In Series C Round

A group of investors including Chinese conglomerate Fosun and technology giant JD.com have poured money into a series C round…

Chinese Insurtech Start-Up Leapstack Gets $14M Amid Tightening Govt Supervision

Leapstack, a Chinese insurtech start-up focusing on the healthcare industry, announced on Monday that it has raised nearly RMB100 million…

Former Tencent Executives-Led Genesis Capital Closes Second China Fund At $850M

Genesis Capital, a Hong Kong-based growth capital fund that mainly backs growth-stage internet firms, announced last week that it has…

Chinese PE Firm Centurium Capital Closes Debut USD Fund At Over $2B

Centurium Capital, a private equity firm co-founded by former Warburg Pincus China head, announced last week that it has closed…

SIG Leads $29M Series C1 Round In Chinese HR Management Services Provider

Chinese human resources management services provider eRoad Software announced on Monday that it has raised RMB200 million (US$29.01 million) in…

Chinese Online Healthcare Services Provider Hits Unicorn Valuation After Series C3 Round

Chinese online healthcare services provider Miaoshou Doctor has completed a series C3 round of financing, which valued the company at…

Chinese Online B2B Steel Transaction Platform Ouyeel Nets $292M In Equity Financing

Ouyeel, an online business-to-business (B2B) steel transaction platform owned by Chinese national iron and steel production firm China Baowu Steel…

Warburg Pincus Closes Second China-Southeast Asia PE Fund at Over $4.25B

Global private equity firm Warburg Pincus announced on Wednesday that the company has reached the final closing for a new…

Chinese PE Firm Shiyu Capital Leads Over $14M Series Pre-A Round In Biotech Start-Up

Biotheus, a Chinese start-up that specializes in the discovery and development of therapeutic biologics in the oncology disease space, announced…