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.
Rong360.com Closes $30M Series B Financing
Rong360.com, an online private lending search service provider, is said to have closed US$30 million series B financing, according to Chinese media reports. The specific institutions involved in the funding round is not announced, but Sequoia Capital is reported to be the lead.
IDG And East Sky Investment Lead $10M Series B For Baifendian
Beijing-based Baifendian Information Technology Co. says it has secured US$10 million series B financing from IDG Capital and East Sky Investment Co. Ltd.
Venture Capital Fundraising Plummets in China
Chinese venture fundraising sunk to just US$73 million across two funds during the second quarter, a decline of 71% in the number of funds and less than a tenth of the amount raised during the first quarter, according to a report by Dow Jones.
Chinese Second-Hand Luxury Goods Retailer Secoo Completes Series C Round
Beijing-based Chinese second-hand luxury goods retailer Secoo Holding Limited says it has completed series C financing.
IDG Capital Led Series A Round In Ejoy Technology
Ejoy Technology, an online game developer co-founded by NetEase’s former chief operating office Zhan Zhonghui, has secured nearly RMB100 million ($16.22 million) series A funding from IDG Capital Partners, according to local media reports.
Fenbi.com Completes Series B Financing
Beijing-based Fenbi.com says the company has completed series B financing worth several million U.S. dollars, according to Chinese media reports.
Sequoia Led $15M Series C Financing For App Annie
App Annie, a data tracker of the app industry, says it has closed a US$15 million round of funding led by Sequoia Capital.
IDG, CDH Investments Participate In Series A Round For App Maker Wacai
Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai says the company has received around US$10 million series A financing from IDG Capital Partners and CDH Investments.
IDG And CreditEase Launches $100M Financial Innovation Fund
IDG Capital Partners and Beijing-based Chinese microcredit firm CreditEase Leasing have set up a financial innovation fund, targeting a first close of US$100 million.
IDG, Temasek-Backed IGG Plans Hong Kong IPO
Singapore-based mobile game developer I Got Games (IGG) plans to raise US$123 million through an IPO on the Hong Kong Stock Exchange.
IDG Capital and China Lodging Invest $56M In Quanjude
Beijing-based Chinese catering chain Quanjude says the company will raise a total of RMB350 million ($56 million) by offering 24.95 million ordinary shares through a private placement.
PE-Backed Sungy Mobile Files For $80M U.S. IPO
Guangzhou-based Chinese mobile content and service provider Sungy Mobile has filed for a US$80 million IPO on the NASDAQ.
IDG, Sequoia Capital-Backed 500.com Files For $150M IPO
Shenzhen-based Chinese sports lottery website 500.com has filed for a US$150 million IPO on the New York Stock Exchange. The company has previously secured venture capital investments of several million U.S. dollars from IDG Capital, Sequoia Capital and SIG Capital in September 2007.
IDG Capital Invests In Phoenix New Media
New York Stock Exchange-listed Chinese media company Phoenix New Media Limited says that it has entered into definitive agreements with IDG Capital Partners for it to invest millions of U.S. dollars to help accelerate Phoenix New Media’s development of its Phoenix FM App business.
IDG, Sequoia-Backed 500.com Completes $75M IPO
Shenzhen-based Chinese sports lottery firm 500.com has completed an IPO on the New York Stock Exchange, raising US$75 million by offering 5.8 million ADSs at US$13.
PE-Backed Sungy Mobile Completes $79M IPO
Guangzhou-based Chinese mobile content and service provider Sungy Mobile completed an IPO on the NASDAQ, raising a total of US$79 million by offering 7.0 million ADSs at US$11.22.
IDG Capital Leads $10M Series A Round For Mobile Financial App Tongbanjie
Hangzhou-based mobile financial app Tongbanjie says the company has received more than US$10 million in series A funding led by IDG Capital Partners.
Baidu Leads $15M Series C Round For Fashion Site Yoka
Beijing-based Chinese fashion website Yoka says that the company has received US$15 million series C funding led by Baidu, according to a company announcement.
Online Gaming Developer LineKong Completes $80M Series C Round
Beijing-based online gaming developer LineKong has raised US$80 million in series C funding, according to Chinese media reports. Investors include Orchid Asia Group Management, SAIF Partners, Starwish Global and Profitable Century International.
Banyan Capital Completes First China Venture Fund Of $206M
China-focused venture firm Banyan Capital has completed final closing of its first venture capital fund, Banyan Partners Fund I, on January 8 raising a total of US$206 million, according to a company announcement.
Vancl Completes $100M Series G Round
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.
IDG Capital, Alibaba Group Invest In Inman Apparel
Guangzhou-based Chinese clothing brand Inman Apparel has raised tens of millions U.S. dollars in series A funding from IDG Capital and Alibaba Group, according to Chinese media reports.
VC-Backed Sungy Mobile Acquires US Mobile Ad Network Getjar
Guangzhou-based Chinese mobile content and service provider Sungy Mobile has acquired California-based mobile ad network GetJar, according to a company announcement.
Qiming Venture Leads $15M A+ Round For App Maker Wacai
Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received approximately US$15 million investment in series A+ financing led by Qiming Venture Partners, according to Chinese media reports.
PE-Backed Tarena International Files For $100M US IPO
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.
IDG Capital Leads $7M Series B For Social Food App Ricebook
Beijing-based social food application Ricebook.com has raised US$7 million in series B financing, according to Chinese media reports. IDG Capital led the round. Existing investor Ceyuan Ventures also participated.
Xunlei Receives $310M New Round Of Financing Led By Xiaomi
Shenzhen-based video service provider Xunlei Networking Technologies has completed new round of financing, raising a total of US$310 million, according to Chinese media reports.
IDG, JAFCO Make Partial Exits From Terana International
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.
HunterOn.com Receives $10M Series A Round Of Financing
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, China Lodging $56M Private Placement In Quanjude Gets Board Approval
Beijing-based Chinese catering chain Quanjude Group Co. Ltd. says the company plans to raise a total of RMB350 million ($56 million) by offering 24.95 million ordinary shares through a private placement. The deal has been approved by the company’s board, according to a regulatory filing. IDG Capital Partners and China Lodging Group, a domestic hotel group, will subscribe the new shares of the Shen Zhen Stock Exchange-listed Quanjude. IDG will purchase 17.8 million of the shares for RMB250 million, holding …