Chinese personalized news recommendation app operator Toutiao is reported to have raised a new funding round of over US$2 billion, led by American private equity firm General Atlantic.
Yuanyu Radio (China) Co., Ltd., a Shanghai-based radio advertising agency, has raised a US$90 million new funding round from Olympus Capital Asia and Singapore's UOB Venture Management.
Gu Sheng Tang, a Guangzhou city-based traditional Chinese medicine clinic franchise, has raised a RMB1.01 billion (US$150 million) series D round from a number of Chinese stated-owned enterprises and financial institutions.
Chinese co-working space operator UrWork says it has completed a RMB1.2 billion (US$179 million) pre-C financing round from a group of Chinese investors, which will help fuel its expansion in China and beyond.
Goldman Sachs Investment Partners has led a series D round in Meican, a Chinese online food ordering platform targeting corporate customers.
Global private equity giant Warburg Pincus is set to acquire a 49% stake in Fortune SG Fund Management Co., Ltd., a Sino-foreign joint venture fund management company, from French banking and financial services firm Societe Generale Group (SG Group).
China First Capital Group Ltd., a Hong Kong Stock exchange-listed education investment group, has announced plans to acquire 54% of the total issued shares of SJW International Co., Ltd., a South Korean online English training company, at the maximum consideration of approximately US$135 million.
Chinese private equity firm Hony Capital and Japan's SoftBank Group Corp. have agreed to inject US$500 million into an investment vehicle to operate WeWork Cos.'s China unit and fuel the American co-working giant's expansion throughout China.
China's Didi Chuxing and SoftBank Group Corp. have agreed to invest up to US$2 billion to lead a current financing round in Grab, Southeast Asia's largest ride-hauling operator, in the single largest financing round in the history of Southeast Asia.
Shanghai-based private equity fund Principle Capital has signed a definitive agreement with Camtek Ltd., a NASDAQ-listed Israeli semiconductor component manufacturer, to buy its printed circuit board (PCB) business for US$35 million.
Industrial Innovation Capital Management Co., Ltd., the private equity arm of Industrial Securities, has led a new funding round worth hundreds of millions of RMB in Geneseeq, a Nanjing and Toronto-based start-up focused on genetic sequencing.
Chinese co-working start-up naked Hub, a private equity-backed unit under Chinese resort brand naked, has agreed to merge with Singapore-based peer JustCo. The merger aims to create the largest premium co-working operator in Asia to better compete against WeWork, the world's biggest co-working company, boasting a US$20 billion valuation.
San Francisco-based Leap Motion Inc., a start-up developing motion tracking technology for natural input in virtual and augmented reality, has raised a US$50 million series C round led by clients advised by J.P. Morgan Asset Management.
Yunfeng Capital, a private equity firm founded by Alibaba's Jack Ma and Chinese entrepreneur David Yu, has announced plans to invest hundreds of millions of RMB in Davost Intelligence, a Beijing-based company specializing in providing business analysis and strategy planning services to the tourism sector.
CITIC Capital Holdings Ltd. has invested around EUR72 million (US$82.5 million) in Formel D, a Germany-based global service provider to the automotive and component supply industry.
Yunnan Metropolitan Construction Investment Group Co., Ltd. (YMCI Group), a state-owned investments entity, has made a RMB500 million (US$73 million) strategic investment in Wukong Zuche, a Beijing-based car rental start-up focused on the tourism sector.
An investor consortium headed by company management and leading Chinese investors including Hopu Investment Management Co. and Hillhouse Capital have agreed to take Singapore-listed Global Logistic Properties (GLP) private in a deal that values the logistic warehouse property firm at approximately S$16 billion (US$11.6 billion).
Warburg Pincus has led a US$60 million series B financing round in Geek+, a Beijing-based logistics robot developer whose technology, similar to Amazon's Kiva robot, is designed to improve automation at warehouses. Existing shareholders including Volcanics Venture also participated in the round, which is the largest single round of fundraising in the logistics robot industry globally to date, says Warburg in an announcement. The new round follows a RMB100 million (US$14 million) series A+ round in Geek+ led by Vertex Venture Holdings Ltd, a wholly-owned subsidiary of Singapore's Temasek Holdings, in March. Founded in 2015, Geek+ provides one-stop intelligent logistics robot solutions enabled by artificial intelligence and robot technologies. Its solutions cover storage, order picking, material handling and parcel sorting. The robot can perform a wide range of functions such as order division and consolidation, intelligent inventory replenishment and products return, SKU correlation analysis, robots routes optimization, automated collision and congestion control, and dynamic shelf optimization. "As the AI technologies are maturing, we are seeing increasing market demand and new applications. In particular, the traditional, capital-intensive and labor-intensive logistics industry provides huge market potential for AI technologies," said Jericho Zhang, principal of Warburg Pincus. "With the rapid development of China's …
Qingdao Ronghai State-Owned Asset Management Company, an investment entity owned by the state-owned asset management office of Licang district in Qingdao city, has led a RMB200 million (US$29 million) series A round in Hairongyi.com, a financial technology start-up backed by Haier Financial Holdings.
China Renaissance Private Equity Fund and Fengshang Capital have led a US$30 million pre-C round in Lianshang, an online business-to-business fabric trading platform.
International Finance Corp. (IFC), a member of the World Bank Group, has led a US$50 million series B round in CompareAsiaGroup, a Hong kong-based online comparison platform for financial, telco and utility products across Asia.
Asian alternative investment management firm PAG and China-focused private equity firm Primavera Capital Group have led a RMB800 million (US$117 million) series C round in Dashu Finance, a Shenzhen-based online lender of unsecured loans to small and micro enterprises that traditionally could not secure funding from banks.
Fidelity International has led a series D round worth tens of millions of U.S. dollars in Jiguang, a Shenzhen-based big data service start-up focused on providing user activity analysis for mobile app developers and marketers.
Warburg Pincus has led a US$100 million series C round in Baturu, a Chinese auto part e-commerce platform, with participation from Eastern Bell Venture Capital, according to a company announcement.
Yunfeng Capital, a private equity firm founded by Alibaba's Jack Ma and Chinese entrepreneur David Yu, has teamed up with Lang Sheng Investment to lead a RMB120 million (US$17 million) series A round in Chinese online drug store Yao123.com.
A number of Chinese private equity firms have acquired stakes in Tencent-backed Since Times, a mobile game developer listed on the Shenzhen Stock Exchange's New Third Board, according to a company announcement.
China Renaissance Private Equity Fund and West Fund, a private equity fund established by Chinese steel company Shougang Corp., have jointly led a RMB500 million (US$73 million) new funding round in steel industry e-commerce platform Zhaogang.com.
Carzone, a Jiangsu-based auto parts e-commerce platform, has raised a US$50 million series B+ round from CICC Alpha, Co-Stone Capital and an unnamed Chinese insurance company, according to Chinese media reports.
Cassia Investments, a Hong Kong-based consumer-focused private equity firm, has partnered with Italian fashion entrepreneur Alessandro Bastagli to acquire luxury brand Shanghai Tang from Swiss luxury group Compagnie Financiere Richemont, the firm announced today.
Global private equity giant Warburg Pincus has led a US$64 million investment round in Trax, a Singapore-based computer vision company that aims to provide in-store execution, market intelligence and data solutions for retailers and other companies.
GP Capital, a Shanghai-based investment firm backed by state-owned Shanghai International Group, has led a RMB100 million (US$14 million) series B round in Rong Cloud, a Beijing-based cloud-based instant messaging service provider.