In this episode of China Money Podcast, Dalton Investments‘ Shanghai-based portfolio manager, Tony Hsu, explains to our host, Nina Xiang, how to execute the playbook of Warren Buffett in China, the reasons why Dalton’s Asian equity strategy has consistently beat the market and his outlook for the markets in 2013. Listen to the full interview in the audio podcast, or read an excerpt below. Q: First, give us a brief introduction of Dalton Investments and Dalton’s Asian equity strategy? A: …
Intel Capital‘s portfolio company, Hsinchu City, Taiwan-based ASPEED Technology Inc., IPOs today on Taiwan’s GreTai Securities Market, the island’s over-the-counter market. Reflecting a still tough IPO market worldwide, this is Intel Capital’s first IPO by one of its portfolio companies this year. Founded in 2004, ASPEED Technology is a software and network applications company.
Beijing-based private equity and venture capital firm, Keys Fund, says it has formed a strategic cooperation with Lombard Global, a Plano, Texas-headquartered investment banking and management consulting firm. Founded in 2011, Keys fund focuses on investing in early and expansion stage companies in the healthcare, new material, advanced equipment, TMT (technology, media, telecommunications) and green energy sectors.
Beijing-based alternative investment firm CDH Investments is likely to close its fifth fund at US$2.5 billion in the next few weeks, according to media reports. The final tally is US$500 million over its fundraising target of US$2 billion for the firm’s latest vehicle, CDH Fund V L.P. Lately, CDH Investments has backed Chinese tech companies including personal finance bookkeeping and management app maker Wacai and movie ticket booking site Gewara.com, as well as consumer oriented firms China Modern Dairy and …
Chinese venture and private equity firms executed a total of 89 investments during the fourth quarter of 2013, making it the most active quarter since the third quarter of 2011, according to a release by the Emerging Markets Private Equity Association (EMPEA).
Shanghai-based digital advertising solution provider Avazu Inc. has raised US$48 million in series A financing, according to Chinese media reports. Gaorong Capital led the round. An undisclosed U.S.-based Internet-focused private equity fund and a group of unnamed Internet companies also participated.
Shanghai-based venture capital firm Qiming Venture Partners has raised approximately US$500 million for its fourth U.S. dollar-denominated fund, according to media reports.
A group of investors led by Tsinghua Tongfang Co. Ltd. has acquired a 52.28% stake in Hong Kong-listed LED lighting manufacturer Neo-Neon Holdings for a total of HK$900 million ($116 million), according to a regulatory filing.
Venture capital investments in Greater China witnessed strong growth during the first quarter. Total venture deal value hit US$2 billion, more than double the US$800 million registered during the fourth quarter last year, according to research firm Preqin.
Beijing-based Chinese cosmetics e-commerce retailer Jumei.com has filed an F-1 form with the U.S. Securities and Exchange Commission for an initial public offering, seeking to raise a maximum of US$400 million, according to a regulatory filing.
Beijing-based travel solution provider Baoku.com has completed series A round of financing, raising nearly US$10 million, according to Chinese media reports.
Palo Alto, California-based venture capital firm Jafco Ventures has reached a final close for its fifth fund, raising a total of US$260 million, according to a company announcement.
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.
Beijing-based dental service provider Arrail Dental Clinic has received US$70 million series C financing led by New Horizon Capital, according to a company announcement.
Venture Capital firm Matrix Partners has raised US$350 million for its third China fund, Matrix Partners China III LP, according to a regulatory filing.
Beijing-based Chinese security software maker Cheetah Mobile Inc. has filed with the U.S. securities regulator to raise as much as US$300 million in an initial public offering on the New York Stock Exchange.
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.
Shanghai-headquartered Chinese privately owned conglomerate Fosun International Ltd. has launched a US$100 million venture arm in Silicon Valley to invest in technology companies that are looking to expand in China, according to 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.
Venture capital activities including IPOs, fundraising and venture investment in China rebounded during the first quarter, according to new data released by Dow Jones Venture Source.
Shanghai-based travel mobile app maker 117Go has received US$15 million series B funding from SoftBank China Venture Capital (SBCVC), according to Chinese media reports.
NASDAQ-listed Chinese online travel platform Ctrip.com International, Ltd. says that the company has agreed to invest US$200 million in venture-backed Tongcheng Network Technology Share Co., Ltd. for an undisclosed stake, according to an announcement made by Ctrip.com.
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.
Beijing-based Chinese high-end flower and gift O2O (online-to-offline) business roseonly has received close to US$10 million series C round of financing from IDG Capital and Accel Partners, according to Chinese media reports.
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.
Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation priced its IPO at US$9.0 per American Depository Share (ADS), raising a total of US$72 million. Its shares began trading on the NASDAQ on May 9 under ticker symbol "TOUR".
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.