Chinese industrial internet of things (IoT) service provider RootCloud announced on Monday that it has raised RMB500 million (US$72.21 million) in a series B round of financing led by the country’s private equity firm Hejun Capital.
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Former Warburg Pincus China Head-Led PE Firm Closes Debut China Fund At Over $1.89B
Centurium Capital, a private equity firm founded by former Warburg Pincus China head, has reached the final closing for its debut China fund, Centurium Capital Partners 2018, at over US$1.89 billion in capital commitments, according to the company̵…
DCM Ventures, Source Code Capital Back Chinese RPA Start-Up In $10M Series A Round
Chinese robotic process automation (RPA) start-up Cyclone has raised nearly US$10 million in a series A round of financing from venture capital companies DCM Ventures and Source Code Capital, according to a company statement released on Thursday.
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HK-Based PE Firm Nexus Point Raises $465M For Middle-Market Buyouts In Greater China
Nexus Point, a Hong Kong-based private equity firm led by MBK Partners co-founder Kuo Chuan Kung, unveiled that it has raised US$465 million for middle-market buyouts in Greater China, the company confirmed with China Money Network in an email reply on…
Chinese PE Firm Hezhi Investment Backs Yihao Foodstuff In $72M New Round
Chinese food firm Yihao Foodstuff has raised RMB500 million (US$72.25 million) in a strategic investment round from the country’s private equity firm Hezhi Investment and a poverty relief fund managed by Chinese national investment company, State…
Chinese RFID Developer Invengo Joins Forces With State Firm To Launch $144M IoT Fund
Chinese radio-frequency identification (RFID) technology and solutions developer Invengo announced on Wednesday that the company is joining forces with Chinese state-owned financial services firm, Shenzhen HTI Venture Capital, to raise RMB1 billion (US…
Baidu Ventures Backs Chinese Internet Start-Up Huidian Cloud In Series A Round
Huidian Cloud, a Chinese internet start-up that operates an online platform for electricity transactions, electricity data management and financial services, announced on Wednesday that it has raised tens of millions of yuan in a series A round of fina…
Chinese Medical Fund Solutions Provider Shuidi Garners $144M In Series C Round
Shuidi, a Chinese medical fund solutions provider established by former Meituan-Dianping executive Shen Peng, announced on Wednesday that it has raised over RMB1 billion (US$144.57 million) in a series C round of financing led by Chinese private equity…
Three Of Chinese ‘Big Four’ Banks Grant Dubai’s Oil And Gas Giant ENOC $690M
Dubai’s Emirates National Oil Company (ENOC) announced on Monday that it has raised a five-year loan of US$690 million provided by a consortium consisted of three of the Chinese “Big Four” banks, namely Industrial and Commercial Bank of China (IC…
HSBC Launches $880M Technology Fund To Nurture Start-Ups In China’s Greater Bay Area
HSBC announced on Tuesday that it is launching a US$880 million technology fund focused on China’s Greater Bay Area, with an aim to back early-stage technology companies in one of the country’s most dynamic regions.
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HSBC Lau…