Beijing-based fresh produce e-commerce start-up Benlai Life says it has completd US$117 million series C and series C+ round of financing from China Urban Realty Association, ChinaEquity Group Inc. and a subsidiary of Joyoung Co., Ltd., according to Chinese media reports. CDH Investments and Integral Group also participated in the round. In December 2015, Joyoung […]
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Venture-backed PapayaMobile, a Chinese mobile advertising firm, is in the process of listing on China's New Third Board to raise US$40 million, according to a company announcement. The company's shares began trading today on the National Equities Exchange and Quotations (NEEQ). "Listing on the NEEQ is strategic to our international expansion into markets like the […]
Tsinghua University-affiliated Tus Holdings Co., Ltd. has agreed to make a US$388 million strategic investment in Chinese Internet data center service provider 21Vianet Group, Inc., which is in the middle of a proposed management buyout transaction. In an announcement, NASDAQ-listed 21Vianet says an affiliated investment vehicle of Tus Holdings will subscribe new shares at US$16.274 […]
HighLight Capital, a healthcare-focused venture and private equity firm founded by ex-partners at CDH Venture and SB China Capital (SBCVC), is near completing raising RMB1.5 billion (US$229 million) for its second fund, according to Chinese media reports. Almost 90% of the fundraising took three months to close with 85% of the firm's existing limited partners […]
As details of S.F. Express' back-door A-share listing were revealed by a disclosure filing yesterday, the identity of the most mysterious shareholder of China's largest express delivery firm also surfaced. His name is Lin Zheying (pictured), a 52-year-old former Ministry of Commerce official and currently the chairman of Jade Capital, a private equity firm he […]
China’s Fujian Grand Chip Investment Fund LP, controlled by Chinese entrepreneur Zhendong Liu, has made a takeover offer for German chip maker Aixtron SE, valuing the company at €670 million (US$751 million). The investment vehicle, which is 51% owned by Zhendong Liu and 49%-owned by Xiamen Bohao Investment Ltd., offered €6 per Aixtron share, the […]