China: Qiming Venture joins $55m Series B round of Connect Biopharma


The Series B financing, led by new investor Advantech Capital, also attracted investments from Northern Light Venture Capital, and Cowin Venture.

China’s ATM Capital hits first close of $200m SE Asia fund

ATM Capital is founded by BAT Capital founding partner Tony Qu, who was a former director of Ali Capital.

Alibaba and The Little Red Book (Xiaohongshu): Powering Ecommerce with Content

Co-hosts Ying-Ying Lu and Rui Ma talk about Xiaohongshu, also known as RED, which had received a $300 million investment from Alibaba.

Temasek-backed HJB merges with MabSpace to create biotherapeutics firm Transcenta

The newly merged entity will combine the strength of MabSpace and HJB in drug discovery, development and manufacturing.

Qiming-backed biopharma firm Antengene raises $120m Series B round

The round was led by Boyu Capital and FountainVest, and joined by Celgene, WuXi Corporate Venture Fund, Taikang and existing investors Qiming and TF Capital.

China’s CITIC announces restructuring of special steel business

Upon completion of the deal, CITIC is expected to hold 83.52 per cent of the enlarged Daye Special Steel.

China Tobacco’s overseas unit files for Hong Kong IPO

The listing will raise around $100 million for the unit, which accounts for a fraction of parent China National Tobacco Corp’s overall business.

Qatar Airways acquires 5% stake in China Southern Airlines

Qatar Airways also owns 20% of British Airways-parent International Consolidated Airlines, 49% of Italy’s Meridiana, and 9.99% of Hong Kong’s Cathay Pacific.

Tencent co-invests $29m in automobile news provider Youche Yihou

Plum Ventures, Ningbo Xinmei Asset Management Co., Shenzhen Oriental Fortune Capital Co. and Blueprint Innovation Investment Management also participated in the round.

SoftBank-backed Yidai is latest to exit business amid China’s crackdown on P2P lenders

Tougher regulations and rising bankruptcies have spooked investors, and lending on those online platforms has plummeted.