AlphaX Partners, a Chinese venture capital firm founded by three veteran Chinese investors, have raised its debut fund with RMB2 billion (US$314 million) in total capital commitments, the firm announced today.
China’s Legend Capital has completed raising RMB1 billion (US$156 million) for its second RMB healthcare fund, according to an announcement on its official WeChat account.
China’s early-stage venture capital firm Sky9 Capital said on Wednesday that it has closed a US$200 million early-stage fund, called the Sky9Capital Fund III, L.P., according to the company’s official WeChat account.
Real estate private equity firm Gaw Capital Partners has announced the final close of its third US value-added real estate fund, the Gaw Capital US Fund III (“US Fund III”), bringing total commitment raised for this fund to its hard cap size of US$412 million.
Venture capital firm GGV Capital has completed raising about RMB1.5 billion (US$236.3 million) for its debut RMB fund, according to an announcement on its official WeChat account.
Sky9 Capital, a venture capital firm founded by a former partner at Lightspeed Venture Partners, announced today that it has completed the final closing of a new fund with total commitments of US$200 million.
China’s search engine giant Baidu Inc. has announced plans to set up a new fund worth of US$500 million in its first phrase to invest in Internet and artificial intelligence start-ups.
Chinese new energy vehicle (NEV) start-up Singulato Motors has raised RMB3 billion (US$474 million) in a Series C round fundraising, the company announced.
Sinovation Ventures, a Chinese venture capital firm founded by former Google China head Kai-Fu Lee, today announced the close of its new US$500 million Fund IV to invest in early and growth stage Chinese and U.S. technology companies.
Sinovation Ventures, a Chinese VC firm co-founded by Kai-Fu Lee, former head of Google China, has received an investment tranche of US$50 million from Spanish bank Banco Bilbao Vizcaya Argentaria, S.A., or BBVA, for its new US$500 million fund targeting artificial intelligence start-ups.
Chinese venture capital firm Qiming Venture Partners has announced the closing of three new funds totaling US$1.39 billion.
Dorabot, a Chinese robotics company deploying artificial intelligence and robotics in the logistics sector has raised tens of millions of dollars in a series A+ round financing led by Yunfeng Capital.
US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo.
China’s Baidu Inc has teamed up with China Life Insurance Co., Ltd. to jointly launch a RMB14 billion (US$2.12 billion) investment fund to back companies in the mobile Internet, artificial intelligence, fintech and other advanced technology sectors.
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.