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Investment

SAIC Injects RMB500 Million In Chinese EV Maker WM Motor

Shanghai Automotive Industry (Group) Corporation, the shareholder of Shanghai Automotive Group Co., Ltd. (SAIC, 600104), invested in Chinese electric vehicle…

Softbank, Hillhouse Back Chinese Zillow-Like Real Estate Platform Shell Zhaofang

Shell Zhaofang, a Zillow-like real estate listing app, has completed a series D + round of financing. Investors include SoftBank's…

Cancer Precision Diagnosis Firm 3D Medicines Raises RMB280M

A Chinese cancer precision diagnostics firm 3D Medicines recently completed a 280 million yuan (US$40 million) financing for its diagnostic…

CF PharmTech Completes RMB630M Series E Round

CF Pharmtech, Inc. recently successfully completed series E round financing of RMB630 million (US$90 million). This round of financing is…

FountainVest And Primavera Acquire 25% Of Laobaixing Pharmacy Chain

Private equity firms FountainVest Partners and Primavera Capital Group have jointly purchased 24.78% of the shares of Laobaixing Pharmacy Chain…

Chinese EV Start-Up Byton To Close $500M In Series C Round Against Headwinds

Chinese all-electric vehicle brand Byton is raising a series C round of financing at US$500 million from Chinese state-owned automotive…

Chinese O2O Community E-Commerce Platform Huimin Nets $224M

Huimin, a Beijing-based online to offline (O2O) community e-commerce platform, has secured RMB1.6 billion (US$224.88 million) in a new funding…

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…

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…

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…

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 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…

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…

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…

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…

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…

Property Developer Greenland Injects Capital Into Start-Ups Eyeing China’s High-Tech Space

Greenland Holdings announced on Friday that it has become the second-largest shareholder of two Chinese technology start-ups through equity investments,…

Chinese Online P2P Lender Dianrong Gets Fresh Funds To Weather Regulatory Pressure

Dianrong, one of the Chinese largest peer-to-peer (P2P) lenders, announced on Thursday that it has completed a new funding round…

Chinese PE Firm Hezhi Investment Backs Yihao Foodstuff In $72M New Round

Chinese food firm Yihao Foodstuff has raised RMB500 million (US$72.25 million) in a strategic investment round from the country's private…

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