Sino-Ocean Capital, the investment arm of real estate state-owned enterprise Sino-Ocean Group Holding, has led a RMB500 million (US$78 million) series B+ round in Chinese co-working space operator Nashwork.
Green Harbor Leads $125M Series D Round In Used Car Auction Platform Chezhibao
Chinese private equity fund Green Harbor Investment has led a RMB800 million (US$125 million) series D round in Nanjing-based customer-to-business used car auction platform Chezhibao.
Singapore’s GLP Sets Up $1.6B Investment Fund To Invest In Chinese Logistics
Singapore-based global provider of logistics solutions GLP said that it had established a RMB10 billion (US$1.6 billion) investment fund dedicated to investing in the logistics sectors in China.
TPG, Carlyle Invest $1.9B As Baidu Spins Off Financial Services Group
Chinese internet giant Baidu Inc. has sold a majority stake in its Financial Services Group (Baidu FSG) for US$1.9 billion to an investor group led by TPG and The Carlyle Group, with participation from Taikang Group, ABC International Holdings and others.
CITIC Capital, China Everbright Back Renewable Energy Firm Arctic Green Energy
Arctic Green Energy, a renewable energy company focusing on creating zero-emission cities, has completed a new funding deal from CITIC Capital, China Everbright Ltd. and Asian Development Bank. CITIC Capital, an early investor in Arctic Green Energy since 2015, has exercised its conversion rights to acquire equity of US$30 million in Arctic Green Energy. China Everbright Ltd. has purchased shares and an exchangeable bond issued by Arctic Green Energy for a total of US$70 million. Previously, Arctic Green Energy announced …
JD.com To Acquire 33% Stake In Insurer Allianz China To Beef Up Financial Services
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.
Tencent, Baidu Invest $98M In Chinese News Platform Pear Video
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.
Century Bridge Capital Exits $87 Million China Property Investment
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 Launches One-Stop Digital Marketing Company Cue & Co. In 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.
China’s Orient Hontai Capital Acquires Majority Stake In Spain’s Imagina Media Audiovisual
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).
CITIC Capital, Caixin Global To Acquire Euromoney Unit For $180.5M
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.
CPPIB Adds $663M To Longfor Partnership For Two More Property Projects In China
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 Orix Leads $70M Round In Chinese P2P Lending Platform Dianrong
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.
Tiger Global, CMC Rumoured To Lead $450M Round In Chinese Fresh Produce E-commerce Platform Meicai.cn
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.
Warburg, Genesis Capital Invest $120M In Chinese Online Tutoring Platform Zhangmen
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 Joins Orchid Asia In Series B Round In Chinese Online Music Tutoring Platform Peilian.com
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.
Chinese Co-Working Space UrWork Raises $45M Round At $1.3B Valuation
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 New Hope Group Acquires Australian Real Pet Food For $770M
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.
China’s Kingsoft Cloud Raises $300M Series D Round
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.
Samsung, ABB Join $20M Round In Chinese Machine Vision Firm Vion Technology
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.
CPPIB Invests $248M In Goodman’s Logistics Property Portfolio In Hong Kong
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.
Gaw Capital, Consortium Partners To Acquire 17 Shopping Centers in Hong Kong
Hong Kong-based real estate private equity firm Gaw Capital Partners and a consortium of partners including Goldman Sachs have won a bid to acquire a retail portfolio comprising 17 shopping centers in Hong Kong from Link Asset Management Ltd for HK$23 billion (US$3 billion).
China Reform Holdings Leads $101M Round In Chinese Precision Medicine Firm 3D Medicines
China Reform Holdings Co., Ltd. has led a RMB670 million (US$101 million) new funding round in 3D Medicines, a Chinese healthcare firm developing precision medicine for cancer treatment.
US Healthcare Firm Preceptis Raises New Funding Round From Chinese Investors, Eyes China Expansion
Preceptis Medical Inc., a U.S.-based pediatric surgical technologies developer, has reached the initial closing of its series B financing round led by a group of unnamed Chinese private investors.
PAG Buys Controlling Stake In Chinese Matchmaking Site Backed By Match.com
Asian alternative investment management group PAG has acquired a super-majority controlling interest in China’s most popular online dating site, Zhenai, which is 20% owned by U.S.-based Match.com.
Baidu Joins $105M Round In China’s Ride Booking App Shouqi Limousine & Chauffeur
Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by Beijing-based automobile company Shouqi Group, has raised a RMB700 million (US$105 million) series B+ round from NIO Capital, Baidu Inc. and Silk Road Huachuang Beijing Co., Ltd.
China Merchants Capital Leads Over $100M Round In Cross-Border E-Commerce Platform yMatou.com
China Merchants Capital Investment Co., Ltd. has led a series C round worth over US$100 million in yMatou.com, an online cross-border e-commerce platform.
CITIC Co-Leads $105M Round In Chinese Travel Agency Phoenix Travel
China’s CITIC Capital, Haier Capital, Lenovo Holdings Corp and Legend Capital have led a nearly RMB700 million (US$105 million) series C round in Phoenix Travel Worldwide Co., Ltd., an overseas travel agency.
China’s Sunsea Co-Leads $60M Round In US IoT Firm Ayla Networks
Hong Kong-based Run Liang Tai Fund and China’s Sunsea Telecommunications Co., Ltd have led a US$60 million series D round in Ayla Networks, a U.S.-based Internet of Things (IoT) company.
Yunfeng Leads $120M Round In Chinese Home Sharing Firm Xiaozhu.com
Chinese private equity firm Yunfeng Capital, co-founded by Alibaba’s chief Jack Ma, has led a US$120 million series E round in Xiaozhu.com, a Beijing-based short-term vacation home sharing platform. The investment will enable Xiaozhou.com to better compete with local rivals and Airbnb China for more market share.
Gaw Capital to Acquire Shanghai Commercial Development SKY SOHO
Hong Kong-based real estate private equity firm Gaw Capital Partners has entered into a framework agreement to acquire SKY SOHO, a group of Class A office buildings in Shanghai’s Linkong Economic Park district, from SOHO China through one of the funds under its management.