Terminus Technologies Co., Ltd., a Chinese “smart cities” Internet of Things (IoT) solution provider, has raised a RMB500 million (US$73 million) series A round from China Everbright Ltd., IDG Capital, CITIC Private Equity and other investors.
Everbright-IDG Industrial Fund, an investment vehicle jointly established by China Everbright Ltd and IDG Capital, has led a series F round in Wish.com, a Silicon Valley-based cross-border e-commerce firm co-founded by a Chinese engineer.
Malaysia-based Asian budget airline operator AirAsia Berhad has signed a memorandum of understanding with state-owned financial institution China Everbright Group and an entity associated with the Henan government to establish a joint venture to operate a low-cost airline business based in Zhengzhou city, Henan province’s capital.
Bank of China’s BOC International Holdings Ltd. has led a RMB200 million (US$29 million) series C round in a Chinese online gold trading platform G-banker.
CEL Global Investment Fund, L.P., a private equity fund sponsored and managed by China Everbright Ltd., has completed its second closing in December with an accumulative capital commitment of approximately US$294 million, the company announced today.
China Everbright Ltd. (CEL) has teamed up with IDG Capital Partners to jointly launch Everbright-IDG Industrial Fund in China with RMB20 billion (US$3 billion) total committed capital to help mature Chinese companies grow and scale, says a company announcement.
China Everbright Limited (CEL) and Israeli investment firm, Catalyst Private Equity Management Ltd., have reached a US$100 million first closing of a joint private equity fund to invest in Israeli companies, according to media reports. CEL committed US$75 million as seed capital to the joint private equity fund. The fund’s target is to raise US$200 million. It has the option to increase up to US$300 million. The fund will primarily invest in mid-to-late stage Israeli companies with proven innovation and …