Glenview, IL-based Illinois Tool Works Inc. says that it has acquired Vesta (Guangzhou) Catering Co., a kitchen equipment maker owned by Actis Capital, a private equity firm investing exclusively in Africa, Asia and Latin America. The terms of the deal are not disclosed, but the exit came just a little over two years after Actis Capital invested in Guangzhou-based Vesta in May 2011.
Munich, Germany-based JenaValve Technology Inc., a heart valve implant producer, says it has completed its US$62.5 million series C round of financing with a group of venture capital investors.
Chinese social marketing services provider Social Touch says the company has raised more than US$10 million in Series C funding.
Beijing-based online business activity platform Virtual Hall (VHALL) says the company has raised tens of millions U.S. dollar in series A funding.
Shanghai-based Chinese third-party investment product online sales platform Howbuy.com says the company has received series B funding from Tencent Industry Collaboration Fund. The specific amount and valuation of the investment were not disclosed.
Beijing-based Chinese venture capital investment firm Legend Capital has launched fundraising for its sixth venture fund, LC Fund VI, LP., according to media reports.
Hangzhou, Zhejiang province-based Chinese e-commerce giant Alibaba Group has offered to buy out the 72% shares it doesn’t already own in NASDAQ-listed digital mapping and navigation firm AutoNavi Holdings Limited for US$1.1 billion, according to a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).
Beijing-based Chinese venture capital firm Legend Capital has reached a final close of US$500 million for its sixth U.S. dollar fund, according to media reports.
Legend Capital, the venture capital arm of Legend Holdings, has applied to list on China’s National Equities Exchange and Quotation (NEEQ), or the New Third Board, according to a regulatory filing.
Shanghai-based biotechnology company Harbour BioMed, backed by Chinese investment firms Advantech Capital and Legend Capital, has acquired Netherlands-headquartered firm Harbour Antibodies BV to create a global oncology-focused biotechnology company.
Berry Genomics, a Chinese prenatal genetic testing and diagnostics company backed by Qiming Venture Partners and Legend Capital, is moving ahead toward an A-share listing via a reverse merger with Shenzhen-listed Chengdu Tianxing Instrument & Meter.
Legend Capital and Jonathan Lu, former chief executive of Alibaba Group Holding Ltd., have led a US$100 million funding round for AtourHotel, a Chinese boutique hotel and service apartment operator. At the same time, the company said it had secured a RMB400 million loan from Shanghai Pudong Development Bank, Bank of Communications and China Merchants Bank in order to fuel its growth. "AtourHotel made a breakthrough on how hotels should operate," said Jonathan Lu, who began his career in the …
Legend Capital, the venture and growth capital arm of China’s Legend Holdings Corporation, has secured US$243 million for its seventh venture capital fund, according to a securities filing. LC Fund VII, L.P. is aiming to raise US$374 million in total, and is still in the process of raising the remaining US$132 million. The vehicle last filed with the U.S. Securities and Exchange Commission in February 2016 as it began the fundraising process. Founded in 2001, Legend currently manages RMB30 billion …
Legend Capital has led a US$12 million series A+ round in Chengdu-based women’s clothes rental platform Dora’s Dream, as the shared economy takes root in China.
Legend Capital has led a series A funding of roughly RMB100 million (US$15 million) in Beijing-based web TV and film studio Up Pictures. They are the second web TV and video producer to raise venture funding within a week.
Legend Capital has led a RMB250 million (US$36 million) series C round in Beijing-based truck logistics company Fuyoukache, according to Chinese media reports.
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.
Tanyuan Tech, a Jiangsu province-based high-tech new material maker backed by Chinese investment firm Legend Capital and GSR Ventures, has completed an initial public offering on the Shanghai Stock Exchange today.
Alibaba Group Holding Ltd’s cultural and entertainment group has fully acquired Damai.cn, a Bejing-based online ticketing platform, according to a company announcement.
Oriza Holdings and CICC Alpha have led a RMB960 million (US$139 million) series D round in Shanghai UCloud Information Technology Co., Ltd., a cloud computing infrastructure and services provider, according to a company announcement.
Qiming Venture Partners and Legend Capital have led a RMB100 million (US$14.5 million) series B round in Qiang Sen International Community Medical (QSICM), a community clinic franchise operator based in Xianyang city in Shaanxi province.
Chinese venture capital firm F&G Ventures has led a RMB160 million (US$23 million) series B+ round in Bangsun Technology, a Zhejiang province-based real-time financial risk management start-up.
CMB International Capital Management, a unit of China Merchants Bank, has led a series C round in Shanghai Star48 Culture & Media Group, which is behind the immensely popular Chinese pop girl group SNH48.
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.
Legend Capital has led a RMB120 million (US$17 million) series B round in PhiSkin, a Shanghai-based aesthetic medical and beauty services provider.
Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd., backed by Legend Capital, Goldman Sachs and other investors, have received approval from Chinese security regulators to list on domestic Chinese stock exchanges three years after it completed an IPO in Hong Kong.
Legend Capital has led a RMB128 million (US$18 million) series A round in Dook Book, a Shanghai-based publishing house with digital publishing, new media and film investment operations. Chinese venture capital firms Zhihe Capital and Neixiang Fund also participated in the round, which values the company at RMB2 billion (US$290 million) post-money, according to Chinese media reports. The deal in one of several recent venture investments in China’s cultural sector which is seen as a source of valuable intellectual property. …
Legend Capital, the venture and growth capital arm of China’s Legend Holdings Ltd., has raised a total of RMB8 billion (US$1.1 billion) for its seventh U.S. dollar-denominated venture capital fund and fourth RMB fund, according to a company announcement.
Legend Capital, the corporate venture capital investment arm of Chinese tech firm Legend Holdings Ltd., has led a series A round worth over RMB100 million (US$14 million) in Bespin Global, a South Korean start-up providing managed cloud services to medium and large enterprises globally.
Chinese e-commerce firm JD.com’s logistics subsidiary, JD Logistics, has led a RMB150 million (US$23 million) financing round in truck logistics firm Fuyoukache to strengthen its capabilities, the company announced on its official Wechat account.
Autonomous driving firm Pony.ai has raised a US$112 million series A round co-led by Morningside Venture Capital and Legend Capital, according to a company announcement.