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).
Silicon Valley-based technology-focused venture capital firm Doll Capital Management (DCM) has closed its latest China-focused fund at US$300 million, according to a securities filing.
A company 99.14% owned by Alibaba Group’s founder Jack Ma has signed an agreement to acquire 20.62% of Shanghai-listed financial software company Hundsun Technologies Inc. for RMB3.299 billion ($530 million) in cash, according to a company announcement.
Shanghai-based BVCF, a growth capital-focused private equity fund specializing in the life sciences industry, has completed a final close of its third fund, raising a total of US$200 million, according to media reports.
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.
Chinese social networking platform Weibo Corporation is planning to raise US$380 million million via an initial public offering on the NASDAQ, according to a securities filing.
NASDAQ-listed Chinese digital mapping and navigation firm AutoNavi Holdings Limited says that it has entered into a definitive merger agreement to be acquired by Alibaba Group Holding Ltd. in a go-private deal, according to a company announcement.
Beijing-based travel solution provider Baoku.com has completed series A round of financing, raising nearly US$10 million, according to Chinese media reports.
Beijing-based Chinese venture capital firm Shunwei Capital Partners has launched two new funds targeting to raise a total of US$500 million, according to a person with direct knowledge of the matter.
Beijing-based Chinese Internet-based recruitment service provider Liepin.com says that it has completed US$70 million series C financing led by Warburg Pincus and Matrix Partners China, according to a company announcement.
Chinese social networking platform Weibo Corporation has raised US$286 million by offering 16.8 million American Depository Shares (ADR) at US$17 per share. The size of its IPO is 21% smaller than its initial target of of US$380 million, according to an announcement.
So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …
Beijing-based Chinese mobile game developer Chukong Technologies has filed on April 18 with the U.S. securities regulator to raise up to US$150 million in an IPO on the NASDAQ.
San Francisco-based website hosting firm Weebly says it has raised US$35 million in series C funding from existing investor Sequoia Capital and Tencent Holdings Ltd., according to a company announcement.
Shenzhen-headquartered Chinese Internet services giant Tencent Holdings Limited is planning to invest in Korean celebrity management agency KeyEast Entertainment Co.,Ltd., potentially taking a 20% stake, according to Chinese media reports.
Chinese online food ordering platform Meican has received an undisclosed amount of follow-on series B investment from Shanghai-based venture and private equity firm Trustbridge Partners, Meican’s official Sina Weibo account confirms.
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.
Beijing-based Chinese security software maker Cheetah Mobile Inc. has finalized pricing terms for its U.S. IPO, planning to raise up to US$174 million by offering 12 million American Depository Shares (ADS) at a price range of US$12.50 to US$14.50 apiece, according to a securities filing of the company.
Beijing-based video sharing platform Youku Tudou Inc. says that it has agreed to have Alibaba Group and Yunfeng Capital invest a total of US$1.22 billion in exchange for a 18.5% stake of the company, according to a company announcement.
The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital Youku Tudou announced today that it has agreed for a $1.22 billion investment from Alibaba Group. The investment will give Alibaba an 16.5% stake of Youku. Yunfeng Capital will take a 2% stake in return.
Sunnyvale, California-based Ayla Networks says it has closed US$14.5 million series B financing from Cisco; the International Finance Corporation (IFC), Chinese venture firms SAIF Partners and Linear Venture, as well as SJF Ventures.
Chinese internet giant Tencent Holdings has agreed to acquire an 11.28% stake in Beijing-based digital mapping service provider Navinfo Co. Ltd. for RMB1.173 billion yuan (US$187 million), according to a securities filing of Navinfo.
Global growth equity investment firm General Atlantic‘s Singapore fund has agreed to invest US$150 million in Chinese beauty products e-commerce firm Jumei International Holding Ltd.’s downsized U.S. IPO, according to the latest securities filing of Jumei.
Beijing-based Chinese security software maker Cheetah Mobile Inc. has raised $168 million on the New York Stock Exchange at US$14 per share, within its previously announced range.
Beijing-based enterprise software platform JinGoal.com has received around US$10 million series A funding from Tiger Management, according to media reports.
Chinese e-commerce giant Alibaba Group Holdings has set up a film company in Hong Kong to further expand its presence in the entertainment and media industry, according to a regulatory filing.
Shanghai-based Chinese intelligent digital marketing service Adsame Networks Technology Inc. says it has received US$30 million series C financing led by Pacific Venture Partners and Dream Capital Group, according to a company announcement.
Chinese Internet giant Tencent Holdings Ltd. has spent at least over US$3.5 billion on eight major deals since last September, buying up stakes in gaming companies, logistics, mapping and e-commerce platforms.
Beijing-based Chinese group discount platform Meituan.com has raised US$300 million in series C financing led by global growth private equity firm General Atlantic, according to Chinese media reports.
New York Stock Exchange-listed Chinese security software firm Qihoo 360 Technology Co. Ltd. says it has agreed to acquire a controlling stake in Shanghai MediaV Advertising, a Chinese precision advertising platform, according to an announcement made by Qihoo.
Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. will promote French brands to Chinese consumers through its online platforms, according to a memorandum of understanding signed between Alibaba’s founder Jack Ma and French foreign minister Laurent Fabius.