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mobile-adsMatrix Partners China, NEA and Greylock Partners have invested US$20 million in a Chinese business data analytics start-up GrowingIO, the company announced today. Established in May 2015 with founding members from LinkedIn and eBay, GrowingIO provides easily installed software to companies for the purpose of collecting key data about their businesses. "Understanding user behavior is […]

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headhunterChina Mobile Innovative Business Fund (Shenzhen) Partnership has led a US$100 million series D round in Beijing-based mobile Internet recruitment service provider Liepin.com, the company announced today. Matrix Partners China and several other Chinese investment firms also participated in the round, which values Leipin.com at nearly US$1 billion. China Mobile Innovative Business Fund (Shenzhen) Partnership […]

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Smart-deviceA venture unit of China Merchants Group has led a RMB70 million (US$10.5 million) series C round in BroadLink, a Platform as a service (PaaS) start-up for the Internet-of-Things (IoT) sector. Innovation Works also participated in the round, the company announced. BroadLink's PaaS helps smart home devices to connect with existing devices. Founded three years […]

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Beijing, China, June 28, 2016 /ChinaNewswire.com/ – Jonathan Howes has been appointed executive chef of New World Beijing Hotel, overseeing the culinary operations of four restaurants and bars and catering of all hotel meetings and functions.  A British native, Chef Howes has devoted himself to international hospitality food and beverage for more than 25 years. … Continue reading "Jonathan Howes Appointed Executive Chef Of New World Beijing Hotel"

mobile-gamesVision Plus Capital, Sequoia Capital, Wang Sicong and Luoji Siwei have invested US$25 million in a series A round for audio-based knowledge sharing platform Fenda. The company announced the news at a press conference today, after its founder revealed the financing round earlier this month via Wechat. The round values the platform, which was launched […]

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Shanghai, China, June 28, 2016 /ChinaNewswire.com/ – The Westin Bund Center Shanghai recently announced that the hotel has officially received its Outside Catering Service Certificate by Shanghai Food and Drug Administration on 7th June, 2016.  The hotel is the city's first five-star hotel in HuangPu district, Shanghai to receive this certificate. “With our purpose built, … Continue reading "The Westin Bund Center Shanghai receives 'Outside Catering Service Certificate' from Shanghai Food and Drug Administration"

daniangTwo years after buying Chinese fast food restaurant chain Da Niang Dumplings, CVC Capital Partners is reportedly in the process to sell the company amid mismanagement accusations and declining performance, Chinese media reported. The private equity firm has approached several investment banks and held discussions with multiple Chinese restaurant chains, says the reports. CVC denies […]

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lightspeedLightspeed China Partners has closed its third U.S. dollar fund securing US$260 million, and a debut RMB fund with total capital commitments of RMB500 billion (US$75 million), the company announced. The firm says the third U.S. dollar fund was on the road for three month. A dual-currency fund structure will help Lightspeed to better support […]

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cars copyA management buyout deal backed by Boyu Capital and Hillhouse Capital was unable to reverse course of China's Autohome Inc.'s sale to Ping An Insurance Group. Ping An said it had acquired a 47.7% stake of Autohome from its largest shareholder Telstra Corp. for US$1.6 billion to control the online Chinese automobile information platform. At […]

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healtcarepo0pChina Everbright Ltd.'s RMB Mezzanine Fund has completed an undisclosed investment in Chinese investment holding company Neusoft Holdings, aimed at helping the company expand in the healthcare sector, according to a company announcement. The fund could convert part of its investment into equity in Neusoft Medical Systems, the company's digital medical imaging equipment unit. "Dr. […]

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taozailushangA well-known start-up with venture backing from Alibaba Group Holdings and New Horizon Capital is in the process of liquidation, potentially signaling the beginning of a wave of bankruptcies for venture-backed start-ups in China. Tao.117go.com, a two-year-old online customized travel package platform with founders from Alibaba and Ctrip, hoped to create a 24-hour online convenience […]

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supermarketThe Chinese securities regulator's tightening on back-door listings now has a major casualty. Shanghai-listed Tibet Tourism has canceled a proposed merger with Beijing-based offline third-party payment firm Lakala, backed by Legend Holdings. The company says changes in market conditions and policy environment are the key drivers behind its decision, which means its long list of […]

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CarrrroooChinese state-owned real estate conglomerate Poly Group has invested US$400 million in Didi Chuxing as the country's largest ride share company's latest US$7.3 billion financing round announced last week. Poly, which invested through two vehicles managed by Poly Capital Management, will in turn obtain a 1.45% of Didi Chuxing at a valuation of over US$27.6 […]

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hotel copy 4China's largest classified ads site 58.com Inc. says it has completed a swap of its shares in Mighty Talent Ltd., a China-based short-term and vacation rental platform owned by Ganji, with bigger rival Tujia.com International. As a result, 58.com has divested all its 65.7% stake in Mighty Talent Ltd., also known as Mayi, in exchange […]

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travel copy 5An investment vehicle owned by Zheng Nanyan, a Chinese hospitality tycoon and co-founder of Chinese budget hotel chain 7 Days Group Holdings, has proposed to take Qunar Cayman Islands Ltd. private. Ocean Management Ltd., an entity solely owned by Zheng, offered US$30.39 for each of Qunar's American Depositary Receipt (ADR), representing a 15% premium to […]

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Thailand ForexAlibaba's financial subsidiary Ant Financial reportedly plans to acquire a 20% stake in Ascend Money, an electronic payment and small …

roger-wuIn this episode of China Money Podcast, guest Roger Wu, a partner at consumer-oriented private equity firm Maison Capital, spoke to our host Nina Xiang on China's O2O (online-to-offline) bubble and the firm's investment in a Chinese healthcare device maker. Don't forget to subscribe to China Money Podcast for free in the iTunes store, or […]

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virtual-reality copyLeVR, an virtual reality (VR) affiliate of Chinese internet company LeEco, is raising a new round of financing of over RMB300 million (US$46 million), according to Chinese media reports. A unit of China Bridge Capital is reportedly the lead investor in the round, which values LeVR at over RMB3 billion. If completed, the financing round […]

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TVMango TV, the online video platform of Hunan Satellite TV, has completed a RMB1.5 billion (US$228 million) new funding round with a post-money valuation of RMB13.5 billion (US$2 billion), according to Caixin Media. The investors in the round are not disclosed, but they include several state-owned private equity funds, according to the Caixin article. The […]

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mobile-appIDG Capital Partners had led a US$60 million new strategic financing round in U.S. payment app Circle, with an aim to help the company expand in China. Breyer Capital, Baidu Inc., CICC Alpha, China Everbright Ltd., Chinese auto parts maker Wanxiang Group Corporation and Internet finance firm CreditEase also participated in the round. The company […]

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cppibThe Canada Pension Plan Investment Board (CPPIB) has appointed Alain Carrier (pictured) as senior managing director and head of international. Suyi Kim has been named managing director, head of Asia and will report to Carrier. Carrier will be responsible for CPPIB’s international investment activities and will also continue as head of Europe. He has been […]

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