By Adam Jourdan
China‘s securities regulator has said it has approved 10 initial public offerings (IPOs) that aim to raise a combined total of up to 6 billion yuan ($871.52 million). Six of the approved IPOs are on the Shanghai bourse, two on the Shenzhen small and medium enterprise (SME) board, and two… Read more »
WeChat has more than 889 million monthly active users.
Prior to this, it completed raising funds for its first US dollar fund at $120m.
CDH Investments, National Venture Capital, and other investors joined the round.
Sailing Capital has led a $60 million investment in SenseTime; China Creation Ventures has participated in a $16 million investment in IceKredit; U-Parking has raised $1.7 million from Gobi Ventures.
Leeco plans to sell either all or a majority of its Shimao Gongsan retail property.
It is the latest in a series of investments Bitauto has raised from three of China’s biggest technology companies.
“A car business is the world’s toughest business to start.”
Shanghai-based PE firm ClearVue Partners has closed its second consumer fund at a $362m hard cap amid China’s emergence as the world’s largest consumer market.
Recently Sunac China invested $375m in Lianjia for a 6.25% stake