Hillhouse Capital founder Zhang Lei

China’s Hillhouse raises $10.6b for Asia’s largest private equity fund


The fund surpasses KKR’s $9.3-billion third Asia-focused fund raised last year.

Warburg Pincus invests $400m in Chinese logistics platform NewEase

The investment is said to give Warburg Pincus a 50 per cent stake in NewEase China, an investor and operator of hubs and platforms for urban logistics infrastructure.

Didi backer GSR Ventures closes $400m fund for early stage startups

Fund VI, which is denominated in U.S. dollars, will focus on early stage investments. GSR manages about $2 billion and is also a backer of Ofo and Ele.me.

China Digest: Alibaba makes follow-on in YCloset; Ant Financial backs Anxinji

Alibaba Group Holdings Ltd has made a strategic follow-on investment in YCloset, a Beijing-based female clothes sharing platform.

General Atlantic invests $150m in HK-based healthcare provider Asia Medical

Founded in 1999, Asia Medical specialises in heart surgery and cardiology and operates under the brand name ‘Asia Heart’.

China’s hotpot chain Haidilao raises $963m in Hong Kong IPO

Haidilao plans to use the proceeds to fund its international expansion into markets including the United Kingdom and Canada.

Tencent, Sequoia back $450m Series E in car maintenance provider Tuhu

The latest funding round brings Tuhu’s total funding amount to date to $574.8 million.

China’s Huatai, Bluestar said to explore UK listings

Chinese authorities have been preparing a trading link with the U.K. as part of a broader effort to increase access to the country’s financial system.

Qatar Fund in advanced talks to invest in China’s top online lender Lufax

QIA has been negotiating the potential purchase of a minority stake in Lufax, an arm of China’s Ping An Insurance (Group) Co, for $500 million to $1 billion.

China’s booming fertility clinics attract private equity interest

Warburg Pincus in September became the second-largest shareholder in Sichuan Jinxin Fertility Co, Other investors include Sequoia China and a unit of China Citic Bank Corp.