Tencent Holdings Ltd. and BlueRun Ventures have led a RMB160 million (US$24 million) series A round in Shuidi, a crowdfunding platform within Tencent’s WeChat mobile app that helps people gain financial assistance to cover healthcare bills.
Chinese venture capital firm IDG Capital has led a series A round in Guoxiaomei, a cashier-free convenience store operator that places snack bars in corporate offices. Financing details were not disclosed, but IDG has likely invested tens of millions of RMB in the start-up, including in an earlier pre-A round completed last month.
IDG Capital and Jingsheng Jiacheng Investment have led a RMB100 million (US$14 million) series B round in Haiyun Data, a Beijing-based start-up providing big data analysis solutions.
IDG Capital is reportedly in talks to lead a new funding round in Meituan-Dianping, China’s largest on-demand local services provider.
CMC Capital Partners and Wu Capital have jointly led a series C round in Liulishuo worth nearly US$100 million, a Shanghai-based English language learning platform.
CASH Capital (Beijing) Investment Management Co., Ltd. and IDG Capital have led a RMB100 million (US$14 million) series B round in HanSight, a Beijing-based smart security software start-up.
IDG Capital has led a RMB330 million (US$53 million) series B round in Epet.com, a Chongqing city-based high-end pet products e-commerce platform.
China Renaissance Private Equity Fund and Fengshang Capital have led a US$30 million pre-C round in Lianshang, an online business-to-business fabric trading platform.
IDG Capital and Chinese hotel management company Huazhu Hotels Group Ltd. have led a US$50 million pre-A round in Chengjia Apartment, an apartment rental start-up.
Fidelity International has led a series D round worth tens of millions of U.S. dollars in Jiguang, a Shenzhen-based big data service start-up focused on providing user activity analysis for mobile app developers and marketers.
Bertelsmann Asia Investments (BAI) has led a US$20 million series B round in Zaozuo, a Beijing-based new-generation furniture brand that appears to be an upgraded version of Dutch furniture firm IKEA.
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.
Razer Inc., a U.S.-based computer hardware developer for the gaming industry backed by Hong Kong tycoon Li Ka-Shing, is planning to pursue an initial public offering on the Hong Kong Stock Exchange.
Best Inc., the Alibaba-backed Hangzhou-based logistics company also known as Best Logistics Technology Co., has filed for an initial public offering on either the New York Stock Exchange or the Nasdaq Global Market, aiming to raise US$750 million.
China Oceanwide Holdings Group Co., Ltd., the conglomerate chaired by Chinese billionaire Lu Zhiqiang (pictured), said it has closed its acquisition of Boston-based International Data Group, Inc. (IDG). Upon closing, which officially took place yesterday, China Oceanwide became controlling shareholder, with 90% ownership of IDG’s operating businesses, including International Data Corporation and IDG Communications. IDG Capital, a China-based venture capital firm initially backed by IDG, will own the remaining 10%. China Oceanwide also became a minority shareholder in IDG’s venture …
Chinese robot vacuum maker ECOVACS Robotics Co., Ltd., backed by IDG Capital, has filed with the country’s securities regulator to list on the Shanghai Stock Exchange.
Ant Financial, the financial services affiliate of Alibaba Group Holding Ltd., has teamed up with Chinese venture firm IDG Capital and Shenzhen Capital Group Co., Ltd to invest in a series A financing round in Youon Bike, a Jiangsu province-based bike sharing company, according to Chinese media reports. No financial details were disclosed. Founded in 2010, Youno claims that it has deployed over 800,000 bikes in 210 cities in China and has over 16 million users. The company has partnered …
Chinese online video platform Qiyi.com Inc., a majority-owned subsidiary of Baidu Inc., has completed the issuance of convertible bonds worth US$1.53 billion to its parent and a group of investors, according to a company announcement.
IDG Capital has teamed up with China Oceanwide Holdings Group Co., Ltd. to acquire International Data Group, Inc (IDG), the Chinese venture firm’s first limited partner and parent before its spin-out in 1999.
International Data Group, an iconic technology publishing firm with titles including PCWorld and the market research firm IDC, is reportedly in talks to sell itself for more than US$1 billion to a Chinese investor consortium headed by Hugo Shong (pictured), chairman of IDG Greater China, according to media reports.
A management buyout proposal to take NASDAQ-listed Chinese online game developer KongZhong Corporation, backed by IDG-Accel China Growth Fund, has lowered its proposed price as expectations fell for the kind of valuations companies can get in a potential re-lising back in China.
IDG Capital Partners has agreed to acquire a 20% stake in French soccer club operator Olympique Lyonnais for €100 million (US$112 million) via convertible bonds to help it expand in China, says a company announcement.
Beijing-based cross-platform file sharing and transfer app maker Zapya has raised US$20 million in series B financing led by IDG Capital Partners, according to Chinese media reports.
Beijing-based Chinese online personal finance platform Wanglibao.com Inc. has received US$10 million series A financing from IDG Capital, according to information posted on Wanglibao’s website.
Shanghai-based online recruitment platform HunterOn.com has raised near US$10 million in series A round of financing, according to Chinese media reports. Investors include IDG Capital and China Growth Capital.
IDG Capital and JAFCO Asia have made partial exits from Beijing-based IT training services provider Tarena International as the company raised US$137.7 million through an IPO on the NASDAQ, according to a regulatory filing of Terana.
Beijing-based IT training services provider Tarena International has filed with the U.S. Securities and Exchange Commission for its initial public offering (IPO) on NASDAQ to raise as much as US$100 million, according to a regulatory filing of the company.
Beijing-based popular online fashion e-commerce company Vancl Holdings Ltd. has raised more than US$100 million in series G funding, according to a company announcement.
Chinese tea company Bama Tea says earlier this week that it has completed series A funding. IDG Capital Partners, Tiantu Capital, Shenzhen Cowin Capital and Tianjixing Capital have jointly invested RMB150 million in the company. The four venture capital and private equity investors will obtain a stake of less than 15%, says Wang Wenli, chairman of Bama Tea.
In this episode of China Money Podcast, guest Fritz Demopoulos, founder of Queen’s Road Capital, shares his thoughts on China’s Internet sector and entrepreneurship. As founder of two successful Chinese Internet companies, Shawei.com and Qunar.com, Demopoulos is now hoping to capture the next big opportunity in China’s Internet evolution by deploying his own capital. Listen to the full interview in the audio podcast, watch the shortened video version or read an excerpt. Q: Last time when we talked, it was …