China’s venture capital and private equity industry continues to expand at an impressive pace with the top-ten most active firms participating in 460 deals, worth US$22 billion in total. That compares with 399 deals worth US$12 billion in 2016, with total deal value almost doubling from a year ago.
When you are Jack Ma, you never think small. The founder and executive chairman of Chinese technology giant Alibaba Group Holding Ltd. says he thinks that Yunfeng Capital, the private equity fund he co-founded, will one day rival the most powerful money managers in the world.
JD Capital, one of the largest domestic Chinese private equity funds with RMB31.45 billion (US$4.8 billion) under management, is among 83 private investment funds named by the China Securities Regulatory Commission as breaking certain regulatory guidelines in a recent disciplinary procedure.
Venture capital deals in China saw a sharp slowdown in July as investors remain cautious in deploying capital to start-ups and companies. A total of 173 venture capital deals were recorded last month, down 21% from June, and 53% from July 2016. A total of US$2.6 billion was raised in July, a decline of 14% month-on-month, and 24% from a year earlier, according to data released by ChinaVenture.
The private equity market in Greater China continued its strengthen, achieving its second best year ever on record with investments reaching US$49 billion in 2016. This was down compared to a historical high of 2015, but still 30% above the historic five year average between 2011 to 2015.
Chinese private equity and venture capital funds have an aggregate RMB2 trillion (US$291 billion) of dry powder, or capital ready to be deployed, at the end of 2016, according to data released by Chinese research firm Zero2IPO Group.
China’s venture capital and private equity markets cooled further in October, with 197 deals and US$2.3 billion in total deal value recorded in the month, reaching a new low in nearly one year, according to data from ChinaVenture.
In this episode of China Money Podcast, guest Wang Lihong, a managing director at Bain Capital, spoke to our host Nina Xiang on the firm’s education investments in China, where the future of online education lies, and potential deals in the Chinese restaurant sector.
China Everbright Limited (CEL) and Focus Media Information Technology Co., Ltd. have agreed to establish an new industry investment fund with a targeted fundraising total of RMB5 billion (US$749 million), according to a company announcement.
WME-IMG and a Sequoia Capital China-led consortium has formed a new China-based joint venture to enhance and accelerate the sports, events, media and fashion giant’s growth in the country.
A Chinese consortium led by China Everbright Securities and Internet video firm Beijing Baofeng Technology has bought a 65% stake in sports media rights agency MP & Silva, according to a disclosure filing (in Chinese).
Zhubaijia, an online short-term vacation home rental platform backed by HNA Tourism Holding (Group) Co., Ltd. and CITIC GoldStone Investment Fund, has officially listed on China’s New Third Board.
Warburg Pincus LLC is planning to raise US$2 billion for a new China private equity fund to invest alongside its latest US$12 billion global fund, according to media reports citing people familiar with the matter.
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang that he plans to list two agriculture businesses in the next three years. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang that his objective is to establish a modern agriculture business combining finance and Internet and to improve productivity from consolidating land and scaling up operations. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang why his agriculture business decided to focus on staple grain production in China. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
In this episode of China Money Podcast, guest Xia Mingchen, a Hong Kong-based principal at Hamilton Lane’s fund investment team, spoke to our host Nina Xiang.
In this episode of China Money Podcast, guest Xia Mingchen, a Hong Kong-based principal at Hamilton Lane’s fund investment team, spoke to our host Nina Xiang.
Beijing-based private equity firm ChinaEquity Group says it has won regulatory approval to list its RMB investment business on China’s National Equities Exchange and Quotations (NEEQ), or the New Third Board.
If you are a private equity fund manager in China and you have sold shares of your portfolio companies this year, chances are you are hitting yourself on the head right now. Gabriel Li, managing director at US$3 billion China-focused private equity firm Orchid Asia Group, shared his teeth-biting story at the Hong Kong Venture Capital and Private Equity Association (HKVCA) 14th China Private Equity Summit held in Hong Kong today.
In this episode of China Money Podcast, guest Min Lin, founding partner and co-head of Greater China at NewQuest Capital Partners, talks with our host Nina Xiang. She shares her insights on NewQuest’s direct secondary investment strategy, why she thinks private equity secondary exits may peak in the next few years, and her experience spearheading ESG (Environmental, Social and Governance) investing in China. Read an excerpt below, watch an abbreviated video version, but be sure to listen to the full episode …
The author is Peter Fuhrman, chairman and CEO of China First Capital In 2014, there are signs that the worst may now be over for China’s private equity industry. The industry may be pulling out of a tailspin.
Pak-Seng Lai, former head of Asia at German private equity firm Auda International L.P., will join Chinese private equity firm Vision Knight Capital as managing partner on July 1, Vision Knight confirms to China Money Network.
The author is Nina Xiang, editor of China Money Network An ancient Chinese sage claims: One will start thinking about changes when one is in extreme difficulty. It still holds true for today’s Chinese private equity players.
A festive ring of the bell and a salvo of red and blue confetti mark the making of a newly minted public company, otherwise known as an IPO. An elaborate dinner party with free-flowing champagne and cocktails usually ensues that same night.
Despite economic slowdown and the suspension of China’s IPO market, Chinese private equity firms continue to outperform Asia’s overall benchmark returns by a substantial margin, according to a report by the Centre for Asia Private Equity Research Ltd.
Credit China, Chow Tai Fook Nominee Limited, and VMS Investment Group Limited have entered into a non-binding agreement to cooperate in a joint-venture investment fund. The fund, called Chongqing Run Ke Equity Investment Fund Partnership, is a private, closed-ended RMB qualified foreign limited partnership (RQFLP).
Hong Kong-listed auto after-sales service provider New Focus Auto Tech Holdings says that it has entered into definitive agreements with CDH Investments about a US$97.37 million investments. CDH has agreed to buy 1.3 billion ordinary shares of New Focus Auto at HK$0.30 per share for a total amount of US$48.7 million.
The Carlyle Group announced a strategic partnership with SZITIC Commercial Property Co., one of the largest shopping mall developers and operators in China. Carlyle is acquiring a 49% stake in Suzhou In-City Mall and Hangzhou Gudun In-City Mall, two regional shopping malls owned and operated by SZITIC Commercial Property. Financial terms of the acquisition were not disclosed. Suzhou In-City Mall, located between Suzhou Industrial Park and the old city center, has four above ground floors and one basement retail floor …
China Securities Regulatory Committee (CSRC) announced in a press conference that it is soliciting input from the public on its "Temporary Rules On Private Funds In Public Security". Such funds are also called sunshine private equity funds, or sunshine private funds.
In this episode of China Money Podcast, our host Nina Xiang review a unique phenomenon in China’s asset management industry, sunshine private equity funds: – What is sunshine private equity? – Why does it exist, and how is it different from other PE funds? – What is happening to China’s sunshine private equity funds right now, and what lies ahead?