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Exits

Baidu Acquires Raven Tech, AI Alumni of Microsoft Venture Accelerator

Baidu Inc. has announced plans to acquire Beijing-based Raven Tech, a Chinese smart home control and smart hardware start-up utilizing…

Chinese Neighborhood Store Huimin Acquires Sequoia-Backed Beequick

Beijing-based neighborhood store start-up Huimin has acquired control of O2O (online-to-offline) peer Beequick, as a lack of new funding for…

Fortune Capital-Backed Furniture Maker Approved For ChiNext Listing

HomeKoo, a Chinese customized furniture manufacturer backed by Shenzhen Fortune Capital, has obtained regulatory approval to list on ChiNext, the…

Dozens Leave China’s New Third Board Hurt By Poor Liquidity

Fifty-six companies left China's New Third Board, an over-the-counter market designed for China's small-to-medium size enterprises, in 2016 as continued low…

Hubei Guochuang Hi-Tech Material To Acquire Online Realtor QFang

Shenzhen-listed asphalt manufacturer Hubei Guochuang Hi-tech Material Co., Ltd. has agreed to acquire Shenzhen Yunfang Internet Technology Co., an operator…

Venture-Backed Gaming Firm G-bits Completes A-Share IPO

G-bits Network Technology Co. Ltd., a Chinese online gaming company backed by IDG Capital Partners and Fortune Capital, has completed…

Venture-Backed Berry Genomics Set To Complete $619M Back-Door Listing

Berry Genomics, a Chinese prenatal genetic testing and diagnostics company backed by Qiming Venture Partners and Legend Capital, is moving…

Venture-Backed Meitu Completes $604M Hong Kong IPO

Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, has completed offering…

JAFCO Asia, WI Harper To Exit From Suzhou Medical System

Suzhou Medical System Co., Ltd., a Chinese hospital IT operator backed by WI Harper Group and JAFCO Asia, has completed…

New Oriental-Backed Education Firm RoboRobo Sold To Chinese Printing Company

Shenzhen-listed Beijing Shengtong Printing Co., Ltd. has agreed to acquire Chinese educational robot school operator RoboRobo Education, backed by New…

Chinese Photo Retouch App Meitu To Raise $800M In Hong Kong IPO

Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, has moved to…

Banyan Capital-Backed Chinese Wearables Maker Transtek Completes Domestic IPO

Guangdong Transtek Medical Electronics Co., Ltd., a wearable devices maker and mobile healthcare firm backed by Banyan Capital, has completed…

Ant Financial-Backed Qufenqi Operator Plans $800M US IPO

The operator of Chinese e-commerce firm Qufenqi, backed by Ant Financial, is planning a U.S. IPO to raise between US$500…

IDG-Backed Startup Zen Completes Listing On China’s NEEQ Market

Startup Zen, a co-working space and entrepreneur services firm backed by IDG Capital Partners, has completed a listing on China's…

Sequoia-Backed Betta Pharma Completes $106M IPO In China’s ChiNext Board

Betta Pharmaceuticals Co., Ltd., backed by Sequoia Capital China and other investors, has completed an initial public offering on the…

Venture-Backed BGI Suffers IPO Blow As Regulators Terminate Review

The IPO application of Chinese genomics powerhouse BGI's bid to list on the Chi-Next board of the Shenzhen Stock Exchange…

Qiming-Backed Gan & Lee Pharmaceuticals Attempts Second Try At Domestic IPO

Gan & Lee Pharmaceuticals, a Chinese bio-pharmaceutical company backed by Qiming Venture Partners and other investors, is seeking a domestic…

Ant Financial Rumored To Seek $10B Hong Kong IPO In 2017

Ant Financial Services Group, a financial services firm affiliated with Alibaba Group Holdings Ltd., is reportedly planning an initial public…

Huayi Brothers Acquires 20% Of Sequoia-Backed eSports Firm Hero Entertainment For $288M

China's Huayi Brothers has invested RMB1.9 billion (US$288 million) for a 20% stake in Hero Entertainment, an eSports company backed…

NEEQ-Listed Lvmama Operator Raises $150M From Private Share Placement

The parent company of Chinese travel service provider Lvmama has raised as much as RMB1 billion (US$150 million) via a…

Qiming-Backed Berry Genomics Eyes IPO Via Back-Door Listing

Berry Genomics, a Chinese genetic testing firm backed by Qiming Venture Partners and Legend Capital, is seeking to list in…

Venture-Backed Meitu Seeks To Raise Up To $1B In Hong Kong IPO

Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, is planning to…

Alibaba To Buy SoftBank-Backed Wandoujia At Greatly Discounted Price

Alibaba Group Holdings Ltd. is rumored to be buying Wandoujia, a Beijing-based Android mobile app distribution platform backed by SoftBank…

Venture-Backed Online Sports Portal Hupu.com Seeks Domestic IPO

Shanghai-based online sports information community HuPu.com, backed by Greenwoods Asset Management Ltd., Morningside Ventures and other investors, is seeking a…

Venture-Backed eJiaJie Lists On China’s New Third Board

Beijing-based home cleaning service booking app eJiaJie, backed by CDH Investments, Tencent Industry Win-Win Fund and others, has officially listed…