Chinese venture capital firm Shenzhen Capital Group Co., Ltd. and retail firm Suning Commerce Group Co., Ltd have agreed to jointly establish a RMB30 billion (US$4.5 billion) logistics real estate fund.
Hong Kong-based investment firm China Everbright Ltd. and American venture capital company Walden International Group are jointly launching a US$500 million fund focused on the semiconductor and industrial information technology sectors.
Chinese venture capital firm China Creation Ventures, founded six months ago by Zhou Wei, formerly a managing partner at venture firm Kleiner Perkins Caufield & Byers China, has reached first closing of its U.S. dollar dominated fund at nearly US$100 million.
Sequoia Capital China has raised US$50 million for a China focused fund, over a year after the venture capital firm started fundraising for the vehicle last September, according to a security filing.
Taiwanese computer maker AsusTek Computer Inc., better known as ASUS, is partnering with Silicon Valley-based Fenox Venture Capital to launch a US$50 million venture fund to help U.S. technology start-ups expand to China.
China-based start-up incubator and early-stage venture firm Withinlink, founded by Bessie Lee, the former chief executive of WPP China, has launched a second US$30 million fund focused on bringing American start-ups to China.
Eight Roads Ventures has launched its first dedicated China healthcare fund in a move that reflects continued focus of healthcare investments by Chinese venture investors.
Qingsong Fund, a venture capital firm founded by Alvin Liu, a co-founder of Tencent Holdings Ltd., has launched its third investment vehicle with RMB850 million (US$129 million) in committed capital.
Gobi Partners, a Chinese venture capital firm focused on information technology, telecom, media and technology (TMT) and digital media industries, has reached the first close of its new Asean-focused fund at US$50 million. Malaysia Venture Capital Management Bhd (Mavcap), Korean home shopping company GS Shop, and Indonesian investment firm CKM have also invested in the fund, according to a company announcement. “This fund is the biggest growth stage fund to come out of Malaysia at this point, and it is …
Lilly Asia Ventures, a healthcare-focused venture capital firm backed by global pharmaceutical giant Eli Lilly & Co., has closed its fourth healthcare fund at a US$450 million hard cap.
Cathay Innovation, a global venture capital fund affiliated with Sino-French private equity firm Cathay Capital Private Equity, has closed its first venture capital fund at US$320 million.
Chinese clean-tech venture capital firm Tsing Capital has launched its fifth flagship fund, the China Environment Fund V, L.P., with a fundraising target of US$300 million.
SoftBank Group Corp has announced the first closing of US$93 billion for its global technology fund, SoftBank Vision Fund, which was launched last October by SoftBank and Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund.
Lightspeed China Partners, a Chinese venture capital firm focused on early-stage investments in China’s technology sector, has closed its first RMB fund at its RMB600 million (US$87 million) hard cap.
Chinese smart phone maker Xiaomi Inc. has signed a strategic partnership agreement with the Hubei provincial government to establish a Xiaomi Yangtze Industry Fund in conjunction with the province’s government guidance fund, known as the Yangzte River Industry Fund.
Beijing-based venture capital firm YI Capital has completed the final closing of its maiden RMB fund at RMB800 million (US$116 million) hard cap.
Chinese early stage venture capital firm Source Code Capital has announced the final close of its third U.S. dollar fund at a US$260 million hard cap.
Zhou Wei(pictured), a managing partner at venture firm Kleiner Perkins Caufield & Byers China, has established his own venture capital firm named China Creation Ventures.
China-focused venture capital firm Banyan Capital has raised over RMB5 billion (US$725 million) across two new funds, bringing the three-year-old firm’s total assets-under-management to around RMB11 billion (US$1.6 billion). The two new funds, including Banyan’s third U.S. dollar fund with US$350 million in assets and one RMB-denominated growth fund, will continue firm’s strategy of investing in early and growth-stage projects in the artificial intelligence, Internet, enterprise services, consumer upgrade and entertainment sectors. The firm also raised a US$50 million side …
Chinese early stage venture investment firm Morningside Venture Capital has completed fundraising for its first RMB-denominated fund at its RMB1 billion (US$140 million) hard cap.
China’s biggest online dating platform, Baihe.com, plans to establish an investment fund with private equity firm JD Capital to invest in wedding service and wedding related companies and push for industry consolidation via mergers and acquisitions.
China’s largest on-demand local services provider Meituan-Dianping has launched a RMB3 billion (US$440 million) industry fund to invest in the greater consumer field, as investors and companies in China race to capitalize on increasingly discerning consumers, according to a company announcement.
Chinese venture firm Crystal Stream Capital has established a new venture fund named Qinghan Fund with Chinese movie star Lu Han and dairy producer New Hope Group. The investment vehicle will aim to invest in early-stage cultural projects, online content platforms and media companies.
Legend Capital, the venture and growth capital arm of China’s Legend Holdings Corporation, has secured US$243 million for its seventh venture capital fund, according to a securities filing. LC Fund VII, L.P. is aiming to raise US$374 million in total, and is still in the process of raising the remaining US$132 million. The vehicle last filed with the U.S. Securities and Exchange Commission in February 2016 as it began the fundraising process. Founded in 2001, Legend currently manages RMB30 billion …
Shenzhen-based Chinese technology firm Kuang-Chi Group announced today the launch of a US$250 million fund to invest in global technology companies with the aim of helping them to enter and expand in China, according to an announcement.
Genbridge Capital, founded by former members from the mergers and acquisitions division at JD.com Inc., is seeking to raise US$500 million for a maiden venture capital fund to invest in Chinese start-ups, according to a securities filing.
China Merchants China Direct Investments (CMCDI), a Hong Kong-listed investment entity managed by China Merchants Group and First Eastern Investment Group, has agreed to commit RMB90 million (US$13 million) to Anhui Iflytek Venture Capital LLP, a fund focused on investing in Internet and artificial intelligence applications in China.
Taiwanese original design manufacturer Wistron Corporation has launched a US$20 million venture capital fund with Silicon Valley-based Fenox Venture Capital to invest in top technology companies around the world.
Angel Plus, a Chinese angel investment fund co-established by the founder of Chinese education giant New Oriental Education, has launched its first U.S. dollar fund with a US$100 million target.
WI Harper Group has teamed up with Luxin Venture Capital Group and Shandong Leader Equity Investment Fund to launch a cross-border fund focused on investing in start-ups in the U.S. and China, the firms announced.
Long Hill Capital, a venture capital firm launched by the team that managed NEA’s China investments since 2005, has raised US$125 million for its debut fund, according to an announcement.