India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
The category had 44 funding rounds in the second quarter, lower than the same period last year. Investor interest in the sector remains depressed, as they try to figure out which one might work best. Deal value in the quarter added up to just $320 million — a nearly 50 per cent drop from Q1’16, and the lowest funding total since Q1’14.
The new fund, IDG Capital Fund III, will focus on investing in sectors such as technology, media & telecommunications, healthcare, energy, and consumer products, both in China as well as in global companies looking to enter the market.
Washington-based private equity major Carlyle Group is set to make a full exit from Concord Medical Services, a US-listed Chinese radiotherapy and diagnostic imaging center operator. Jianyu Yang, chairman and chief executive officer of the Company, Morgancreek Investment Holdings Limited, an investment vehicle controlled by Mr. Yang, and Blue Ocean… Read more »
The company was founded in 2000, and has a market capitalization of HK$2.2 billion (US$370 million).
Global startup acclerator Kyron is planning to raise about $3 million for its maiden fund by the next quarter from limited partners to invest in startups between seed and Series A rounds. Kyron is run by ANSR Consulting, a corporate consultancy firm that partners with multinationals to open their IT… Read more »
Private equity investments, excluding real estate, totaled $5.8 billion in the first half of 2016, nearly 46 per cent lower than the same period last year.
Among China’s startups that are valued at $1 billion or more, about five in the top 10 are fintech firms. The largest among them is Ant Financial Services Group, Alibaba Group Holding Ltd.’s financial affiliate, with a worth of $60 billion, while Lufax, China’s biggest peer-to-peer lender, comes in next at $18.5 billion.
Chinese media valued the deal at $200 million. Just two years ago, the app company was worth $1 billion when Japanese investor Softbank led a $120 million funding round. Since then, it has been hit harder by competition in the form of Qihoo 360 and 91 Wireless, which was bought for $1.9 billion by Baidu in 2013.
Charter Hall was attracted by the triple net-lease structure and annual 3.25 per cent rental rise. The acquisition will help the firm widen its land bank.
The market for IPOs was the weakest since 2009 in the first quarter of this year. But there was a resounding turnaround in Q2, with a 120 per cent upswing in capital raised to $29.6 billion in 246 deals, up almost a third on the previous quarter.