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, 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.
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.
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.
Beijing-based Chinese second-hand luxury goods retailer Secoo Holding Limited says it has completed series C financing.
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.
Beijing-based Fenbi.com says the company has completed series B financing worth several million U.S. dollars, according to Chinese media reports.
App Annie, a data tracker of the app industry, says it has closed a US$15 million round of funding led by Sequoia Capital.
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 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.
Singapore-based mobile game developer I Got Games (IGG) plans to raise US$123 million through an IPO on the Hong Kong Stock Exchange.
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.
Guangzhou-based Chinese mobile content and service provider Sungy Mobile has filed for a US$80 million IPO on the NASDAQ.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Guangzhou-based Chinese mobile content and service provider Sungy Mobile has acquired California-based mobile ad network GetJar, according to a company announcement.
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.
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 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.
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 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.
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.
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 …