In case you haven’t heard, the next “big thing” after bike sharing has arrived. Welcome to the age of cashier-free convenience stores, the latest craze among venture capitalists in China. Since the launch of Amazon Go, the U.S. e-commerce giant’s retail store that requires no cashiers and no check-out, the concept has been quickly adopted in China and taken to a whole new level.
WM Motor, an electric vehicle start-up founded by the former China head of Volvo Car Corporation, has made a strategic investment in Hellobike, a bike-sharing start-up focused on mid-size cities across China.
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.
China Education Investment Roundtable 2017, hosted by China Money Network and sponsored by Ernst & Young, was successfully held on March 28 in Beijing.
An advanced manufacture industrial investment fund under China’s SDIC Fund Management Co. has led a RMB270 million (US$39 million) series B round in Suzhou Ribo Life Science Co. Ltd, a small interfering RNA (siRNA) drug developer.
Beijing-based water treatment company CSD Water Services, backed by Qiming Venture Partners and GGV Capital, has completed an initial public offering on the Shanghai Stock Exchange today.
Where will investors find the best opportunities in China’s education industry in 2017 and beyond? (This event will be held in Mandarin Chinese) As technology reshapes the face of modern education, investors in China continue to back companies positioned to benefit from the coming evolution. A total of 167 venture and private equity investment deals worth an aggregate of RMB10.6 billion (US$1.5 billion) were recorded in the education sector in China last year, greater than the 138 deals and US$1.03 …
Chinese drone maker Ehang Technology Co., Ltd., backed by GGV Capital and other venture investors, plans to launch a passenger-carrying drone product in Dubai this summer, a senior Dubai official announced during a conference yesterday.
Chinese private equity firm V Star Capital, a RMB investment vehicle funded by a team formerly at GGV Capital, have invested RMB70 million (US$10 million) together with Maison Capital and another Chinese fund in Rainbow Children’s Clinic, a Shanghai-based pediatric care service provider.
Vision Plus Capital, a Hangzhou-based venture capital firm managing RMB2 billion (US$290 million), has hired an ex-Temasek director and a former GGV Capital professional to lead its investments in the Internet, technology, healthcare and consumers sectors.
China’s bike-sharing sector remains a magnet for investors. Venture firm GGV Capital has led a series A round in Hellobike, a bike-sharing start-up; the third venture funding deals in the bike-sharing space in two weeks.
A RMB fund managed by GGV Capital has led a US$20 million series C funding round in a child healthcare center operator founded by well-known Chinese pediatrician Dr. Cui Yutao, according to Chinese media reports. Existing investors, Chinese healthcare-focused venture firm HighLight Capital and Wu Capital, the family office of Chinese real estate developer Longfor Properties Co. Ltd.’s founding family Wu Yajun, also participated.
GGV Capital and Shunwei Capital have led a RMB400 million (US$58 million) new funding round in Chushou TV, a mobile video live streaming platform specialized in mobile games. Qiming Venture Partners and Feidian Capital also participated in the round.
In this episode of China Money Podcast, guest Jixun Foo, managing partner at GGV Capital, spoke with our host Nina Xiang, on GGV’s new funds, China’s travel and education sector, and why Chinese companies have a better record of avoiding “down rounds.”
As an investor behind both industry leaders Alibaba Group Holding Ltd and Didi Chuxing, GGV Capital has invested in nearly 180 projects in the U.S. and China. Do they measure up compared to the successes of Alibaba and Didi?
GGV Capital announced the close of a number of new funds totaling US$1.2 billion, bringing the U.S. and China-focused venture capital firm’s total asset-under-management to US$3.8 billion across eight funds.
Beijing-based Weiying Technology Co. Ltd., the operator of movie ticket booking mobile app Wepiao, has completed RMB1.5 billion (US$235 million) series C round of financing led by Beijing Cultural Assets Chinese Anci Films & Television Fund, according to a company announcement.
GGV Capital, a venture capital firm focused on expansion stage investments across the U.S. and China, is reportedly raising up to US$1.1 billion in new investment vehicles.
Beijing-based technology outsourcing company Pactera Technology International Ltd has completed privatization by a consortium led by The Blackstone Group at approximately US$625 million, according to a regulatory filing of the company.
Silicon Valley- and Shanghai-based venture capital firm GGV Capital is planning to raise US$500 million for its fifth fund, according to media reports.
Los Gatos, California-based sports wearable technology firm Zepp Labs Inc. has raised US$15 million in series B funding led by GGV Capital, according to a company announcement.
Shanghai-based Qiming Venture Partners says that Helen Wong has joined the firm as a partner focused on investments in the Internet and consumer sectors.
Beijing-based mobile game publisher and platform provider Yodo1 says that the company has raised US$11 million in series B funding.
Beijing-based Kingsoft Office Software says the company has raised US$50 million in new funding from Morningside Group, GGV Capital and Shunwei China Internet Fund.
Silicon Valley- and Shanghai-based GGV Capital says that Hans Tung, managing partner at Qiming Venture Partners, has joined the firm as partner.
Beijing-based Chinese mobile game developer Chukong Technologies Inc. Co., Ltd. says the company has raised US$50 million of series B financing.
Beijing-based technology outsourcing company Pactera Technology International Ltd says the company has agreed to be taken private by a consortium led by The Blackstone Group at approximately US$625 million. The offer price is US$7.30 per American depositary share (ADS), an 11.6% premium to the stock’s US$6.54 closing price on Wednesday. The deal has won Pactera’s board approval. The NASDAQ-listed company is now set to be taken private, pending a shareholder vote. After the transaction is completed, the company’s beneficial owners …
Chinese social marketing services provider Social Touch says the company has raised more than US$10 million in Series C funding.
California-based mobile app search engine Quixey says it has closed series C financing of US$50 million led by Alibaba Group.
GGV Capital says the firm has invested in Shenzhen-based Junda Optoelectronics Co. Ltd. with other investors.