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Legend Leads $18M Round In Chinese Publishing House Dook Book

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 Secures $243M For Seventh Venture Fund

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, Jonathan Lu Lead $100M Round In AtourHotel

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 …

Actis Capital Exits Chinese Kitchen Equipment Maker Vesta

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.