China: Tianjin City launches government guidance fund with $14.5b target


China’s Tianjin city has established a government guidance fund – the Tianjin Haihe Industry Fund – with a target of raising RMB100 billion ($14.5 billion). Located 137 kilometres south-east of the capital city Beijing, the fund is intended to grow advanced industries that include high-end manufacturing and aerospace. Limited partners… Read more »

China: SIG leads $22m series B in employee training firm Yunxuetang

Yunxuetang, a Jiangsu-based employee training solution provider, has raised $22 million in a series B round led by venture capital firm SIG. Chinese investor Li Qi also supported the round, the China Money Network reported. Yunxuetang provides a learning platform for employees for creating teaching material, and a video conferencing… Read more »

NetEase Cloud Music joins unicorn club with $108m Shanghai Media-led round

Mango Cultural and CICC Jiatai Fund also backed the firm.

Total-Hanwha JV to invest $450m on refining, petrochem platform

The investment will increase the Daesan complex’s ethylene capacity by 30 percent to 1.4 million tonnes per year.

People: White & Case gets Partner in Beijing; UBP appoints Greater China head

Global law firm White & Case LLP has appointed Jianchong (Andre) Zhu as a partner in Beijing. Meanwhile, Swiss private bank Union Banciare Privee has appointed Jonathan Lin in Hong Kong as the Market Head, Greater China. White & Case gets Partner in Beijing Global law firm White & Case… Read more »

China’s SDIC Fund inks $47m equity investment in Maxwell Technologies

China’s SDIC Fund Management Co has entered into a $47-million strategic equity investment deal with Maxwell Technologies Inc, a global developer and manufacturer of energy storage and power delivery solutions. The private equity fund manager, upon closing of the transaction by the third quarter of 2017, is expected to realize a 19.9… Read more »

Chinese brokerage Guotai Junan set for flat HK debut after $2.1b share sale

It was the biggest stock sale in Hong Kong in six months.

WL Ross-backed group form vehicle to acquire steel industry assets in China

The vehicle will make investments totalling $5.8-11.6 billion.

Chinese giant LeEco ends $2b plan to acquire US TV maker Vizio

The deal stalled due to regulatory issues.

China-backed fund to acquire US chip firm Xcerra for $580m

Chinese suitors have faced intense scrutiny from regulators in their pursuit of U.S. chip makers