By Pramugdha Mamgain
Bianlifeng raised $300 million from CC Zhuang, founder of Chinese online travel search portal Qunar.com and Zebra Capital last year.
CITIC Capital increased its stake in HPGC to 60.86%, making it the controlling shareholder in the company where it has been an investor since 2005.
The company, which also helped fund the latest “Transformers” movie, is targeting a listing later this year.
HNA had agreed to buy the vehicle finance unit – New Zealand’s largest non-bank lender – for $460 million early last year.
Four Rivers together with Chongqing Strategic Emerging Industry Equity Investment Fund, invested $615 million of new capital in Chongqing Steel
China’s venture capital and private equity firms continue to invest in the country’s startup community
Pagoda is planning to use the latest proceeds to develop its fresh fruit supply chain.
China’s vegetable selling app Meicai said to raise $450m from Tiger Global, others at $2.8b valuation
The funding underscores the lofty valuations Chinese companies are fetching in a market awash with capital.
A spin-off of Ant Financial-backed 36Kr, Kr Space operates 30 co-working spaces in eight cities in China.
Where Chinese college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research.