Chinese sovereign fund China Investment Corp (CIC) is reportedly joining a consortium led by Hillhouse Capital Group to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut in mainland China, according to a media report.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
Hillhouse Capital has joined General Atlantic to lead a US$120 million series C round in Chinese co-working space Mydream+.
Chinese venture capital firm Sinovation Ventures has led a RMB100 million (US$15 million) series A round in artificial intelligence-powered fintech start-up Ahi Fintech.
Chinese electric vehicle maker Xiaopeng Motors announced that it has raised a RMB4 billion (US$587 million) series B+ round led by Chinese investment firm Primavera Capital Group, Morningside Venture Capital and its founder He Xiaopeng.
Hillhouse Capital and Chinese healthcare-focused investment firm Decheng Capital have led a US$60 million series B found in San Diego-based DNA sequencing platform developer Omniome, Inc.
Sequoia Capital has led a US$50 million series B+ round in Shanghai-based used goods swap app Xiangwushuo, which promotes a green and environmentally friendly lifestyle.
China’s Hillhouse Capital is reportedly in talks to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut, according to a media report.
Hillhouse Capital has led a US$230 million series B preferred stock financing in San Diego-based biopharmaceutical firm Gossamer Bio, according to the latter’s announcement.
One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from China Industrial Asset Management Ltd.
Nathan Yu also known as Yu Ning, former vice president of Chinese automaker Geely Holding Group, has joined NIO Capital, a private equity fund established by Chinese electric car company NIO, as managing partner.
TPG Growth, a global alternative asset firm announced that it has led a US$60 million series C round of financing in Moretickets, China’s online ticketing platform.
Airwallex, a Melbourne-based fintech company that provides cross-border payment solutions, announced that it has completed a US$80 million series B round participated by existing investors Tencent and Sequoia Capital China.
Chinese used car e-commerce platform Uxin has set terms for its US$437 million initial public offering on NASDAQ, according to its security filing.
ICBC International Holdings Ltd, SPDB International and Gaocheng Capital have invested in a US$200 million series C+ round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and advanced hardware, according to Yitu’s announcement on its official WeChat account.
Beijing and Hong Kong-based investment firm Hillhouse Capital has led a US$35 million series B+ round in antibody and recombinant protein biotherapeutics firm Hangzhou Just Biotherapeutics (HJB).
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
Chinese used car e-commerce platform Uxin has files for a US$500 million initial public offering on NASDAQ, according to its security filing.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed confidentially for a planned U.S. initial public offering, according to media reports citing insiders.
Beijing-based China Chengxin Credit, a credit information provider, has raised a RMB450 million (US$70.5 million) series A round from Citic Capital, Hillhouse Capital and others.
GIC, the Singapore investment firm managing the state’s foreign reserves, has led a US$260 million (RMB1.653 billion) series B financing in CStone, a Chinese bio-pharmaceutical company.
Tencent-backed online healthcare service provider We Doctor Holdings has completed a US$500 million Pre-IPO round led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group and NWS Holdings Ltd., valuing the firm at US$5.5 billion.
Chinese truck-hailing firm Manbang Group has completed a US$1.9 billion round led by Softbank Vision Fund and China Reform Fund, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises.
NIO Capital, a private equity fund established by Chinese electric car company NIO, is close to completing the first round of a US$500 million offshore fund that will invest in new automotive technologies, according to media reports.
China Reform Fund Management Co.,Ltd, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises, has led a RMB1 billion (US$159 million) series C round in 100Credit, a fintech start-up that uses big data to provide credit services.
Chinese group-buying and location-based services firm Meituan Dianping is reportedly in talks to buy bike sharing firm Mobike for US$3.7 billion, according to Chinese media reports citing insiders. Both Meituan and Mobike did not respond inquiries from China Money Network to confirm the news. Insiders say that the two parties are likely to announce the deal soon, but the talks could still fall apart. Last month, Meituan was reportedly leading a new financing round in Mobike. Meituan is rumored to …
Jing Hong (pictured), a partner at Chinese private equity and venture investment firm Hillhouse Capital, has reportedly left the company to start her own fund. This is the latest in a string of investment professionals leaving established firms to set up their own fund to tap into the booming private investment market in China.
Chinese online retailer JD.com, Inc. has announced a US$2.5 billion funding round for its logistics subsidiary, JD Logistics. The funding likely values the company at around US$13.5 billion ahead of an anticipated initial public offering later this year.
E-commerce firm JD.com is reported to have started a fundraising round of at least US$2 billion for its logistics unit JD Logistics, and eventually plans an overseas initial public offering.
To merge or not to merge? This is a question now beyond the control of the two companies most expected to combine in China at the moment: bike sharing unicorns Mobike and ofo.
Chinese artificial intelligence chip maker ThinkForce has raised RMB450 million (US$68 million) in series A round from Sequoia Capital China, Hillhouse Capital, Jack Ma-backed Yunfeng Capital and Yitu Technology, an AI start-up specializing in machine vision and hardware, according to media reports.