Warburg Pincus-backed D&J China launches $1.45b fund with AVIC Trust


With an initial equity capitalization of $1.45 billion the new fund will mainly invest in modern integrated industrial parks in first-tier and select tier-1.5 cities in China.

Tencent hunts for Hollywood deals to feed China’s film boom

Tencent Pictures, the film unit of China’s biggest internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters instead of just writing checks for them. The potential targets could be in Hollywood and include companies on both the creative and production sides of movie making,… Read more »

China: Qiming Venture backs Microtech Medical; Mobile data firm Juhe gets $52m fund

In two separate business deals in China, mobile data startup Juhe.cn raised $52 million, while Microtech Medical received investments in a series B round led by Qiming Venture Partners.

Startupbootcamp launches digital health accelerator in China

Startupbootcamp has launched a digital health accelerator in Chengdu,China to leverage on the growth of China’s healthcare market.

Chinese photo app maker Meitu prices IPO at bottom, raises $630m

Chinese photo app and mobile phone maker Meitu Inc is set to raise $630 million after pricing its Hong Kong initial public offering at the bottom of expectations, a person with direct knowledge of the deal said on Friday. Meitu, known for its apps that let users retouch and beautify… Read more »

People Digest: Top deck changes at General Atlantic, ANZ Taiwan, UBS

Global growth equity firm General Atlantic announced the promotions of US and India based private investment officials Aaron Goldman and Shantanu Rastogi as Managing Director while and Erin Chang of the Hong Kong office has been promoted to principal. Meanwhile, Australia and New Zealand Bank (ANZ) has announced Peter Chan as the new CEO in Taiwan, a successor to the bank’s Terry King who decided to retire after 36 years in the banking sector. In another news, Zurich-based UBS has hired Pei Shen Chou as the Managing Director and Co-head Asia Mergers and Acquisition (M&A) business, an appointment that is being seen as a move to strengthen the bank’s M&A business.

China’s Fujian drops Aixtron bid after Obama blocks deal

China’s Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company’s future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to… Read more »

China Dealbook: CMC bets on Haiqiu; Mandarin Capital invests in Mipharm Spa

Haiqiu Technology has got an angel investment from CMC Capital. Mandarin Capital Partners has acquired a majority stake in Mipharm Spa.

Swiss private bank Edmond de Rothschild to close HK operations

Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory and as costs in the wealth management industry bite. The Geneva-based bank and money manager, which had… Read more »

China Digest: Startups Yimidida, GrandOmics raise $14m each

China-based startup companies Yimidida, and GrandOmics each raised $14 million in separate funding rounds, respectively and are off to improving more their businesses.