X

Fundraising

Chinese VC Firm Fresh Capital Closes $77M RMB Fund For Consumer Sector

Fresh Capital, a Chinese venture capital firm focusing on the consumer sector, has raised RMB530 million (US$77.05 million) for a…

China Closes $29B ‘Big Fund II’ To Catch Up In Global Semiconductor Race – CSJ

The Chinese government has raised about RMB200 billion (US$29.08 billion) for the second China Integrated Circuit Industry Investment Fund to…

Microsoft, Apple Join SoftBank’s $108B Second Vision Fund To Double Down On AI

SoftBank Group Corp. announced on Friday that it has launched the sequel to its near US$100 billion Vision Fund, "SoftBank…

Addor Capital Sets Up $145M Fund For Start-Ups In Eastern China’s Nanjing City

Addor Capital, a venture capital firm backed by Chinese state-owned investment company Jiangsu Hi-Tech Investment Group, announced on Thursday that…

Chinese VC Firm XVC Closes $330M For Oversubscribed Second USD Fund

Chinese venture capital firm XVC Venture Capital announced on Tuesday that it has raised about US$330 million for its second…

SoftBank Reaches First Close Of New Fund At $270M For Early-Stage Asian Start-Ups

SoftBank Group Corp. announced on Friday that its Seoul-based venture capital unit, SoftBank Ventures Asia, has reached the first closing…

Chinese VC Firm Plum Ventures Closes $77M Fifth Fund For New Economy Start-Ups

Chinese investment firm Plum Ventures announced on Thursday that it has raised RMB532.5 million (US$77.49 million) for its fifth angel…

Chinese VC Firm XVC Venture Capital Seeks To Raise $265M For Second Fund

Chinese venture capital firm XVC Venture Capital is seeking to raise US$265 million for its second venture capital fund, "XVC…

Former Baidu Executive-Led Crystal Stream Nets Hundred Millions Yuan For RMB Fund

Crystal Stream, a Chinese venture capital firm that specializes in technology, media and telecommunication (TMT) investments, announced on Friday that…

Chinese VC Firm Gobi Partners Launches $10 Micro-Fund For Malaysian Start-Ups

Chinese venture capital firm Gobi Partners announced this week that it has launched an early-stage fund "SuperSeed Fund II" with…

Cathay Innovation Nets $359M For Second Fund To Back China, Europe And US Start-Ups

Cathay Innovation, a global venture capital fund created in affiliation with Cathay Capital Private Equity, announced on Tuesday that it…

HSBC Launches $880M Technology Fund To Nurture Start-Ups In China’s Greater Bay Area

HSBC announced on Tuesday that it is launching a US$880 million technology fund focused on China's Greater Bay Area, with…

Chinese VC Firm Aqua Ventures Manages $144M After Final Close Of Second RMB Fund

Chinese early-stage venture capital firm Aqua Ventures announced last week that it has reached the final close of the oversubscribed…

China’s Everbright, Huazhu Group Jointly Launch New Residential Real Estate Fund

Chinese multi-brand hotel group Huazhu Group announced on Thursday that it has joined hands with Everbright Ashmore Investment (EBA Investment),…

Chinese Local Government Joins Forces With VC Firm To Back New AI Industry Fund

An industry investment fund specialized in the new generation artificial intelligence (AI) technology was debuted in eastern China's port city…

Chinese Local Govt Teams Up With Insurer Taikang To Raise $2.97B For Healthcare Fund

The local government in central China's Wuhan city has teamed up with Chinese insurance and financial service firm Taikang Insurance…

Chinese VC Firm Source Code Capital Raises $570M To Finance New Economy Start-Ups

Chinese venture capital firm Source Code Capital has raised US$570 million fresh funds to finance early-to-middle-stage new economy companies, said…

US Investment Firm Moonrise Capital Hits First Close Of Debut China Fund At $105M

American investment firm Moonrise Capital has reached the first closing of its debut China-focused venture capital fund "Moonrise China Partners…

Hong Kong-Based Venture Capital Firm QVP To Raise New Fund For IoT Start-Ups

Q Venture Partners (QVP), a Hong Kong-based venture capital firm specializing in early-stage investment in the internet of things (IoT)…

Chinese VC Firm MSA Capital Reaches First Close For Second China Fund

Chinese venture capital firm MSA Capital has reached the first close for its second China-focused fund, MSA China Fund II,…

Tsingyuan Ventures Raises $51M New Fund For Tech Start-Ups In China And US

California-based venture capital firm Tsingyuan Ventures has reached the final close of a new fund, Tsingyuan Ventures I, at US$51.71…

China-Focused Northern Light Collects Nearly $445M Eyeing Innovative Technology

Hong Kong-based venture capital firm Northern Light Venture Capital, which targets early-stage opportunities in innovative technology in China, has raised…

Hong Kong-Based VC Fund All-Stars Raises $500M Fresh Funds

Hong Kong-based venture capital fund All-Stars Investment, an investor behind Asian juggernauts like artificial intelligence firm SenseTime and ride-hailing magnate…

Lilly Asia Ventures Receives $40M Commitment From US Pension Fund SFERS

Lilly Asia Ventures, a healthcare-focused venture capital firm backed by global pharmaceutical giant Eli Lilly & Co., has received a…

Sequoia Capital China To Raise Four New China Venture Funds

Sequoia Capital China, the venture capital firm behind some of China's most influential tech companies, is raising four China-focused funds…

Chinese VC Firm Qiming Plans To Raise $250M For Second US Healthcare Fund

Chinese venture capital firm Qiming Venture Partners is planning to raise US$250 million for its second healthcare-focused fund to finance…

Beijing Creates Investment Vehicle To Spur High-Tech Innovation In The Country

Beijing's municipal government has launched Beijing Capital Group, an new investment firm to foster the technological innovation of China’s state-owned…

BlueRun Ventures Raises $130M For Its Sixth Fund

BlueRun Ventures, a U.S.-based venture capital firm with China-focused funds, has closed its sixth fund at US$130 million, the company announced on…

Redpoint Ventures Files To Raise Two China-Focused Funds

American venture capital firm Redpoint Ventures anticipates raising US$400 million in total for its two new China-focused funds, according to…

2018 In Review: Chinese 15 Largest Funds Collect $46B Amid Capital Winter

The challenge of fundraising has clouded the Chinese venture capital and private equity funds management field in 2018. During the…

Healthcare-Focused HighLight Capital Reaches First Close Of Third RMB Fund

Chinese investment company HighLight Capital announced today that it has reached the first closing of its third RMB-denominated fund by…