China Everbright leads $283m investment in Terminus Technologies

China Everbright | Photo: Bloomberg

China Everbright Limited (CEL), a cross-border investment and asset management firm, has led an RMB2 billion ($283 million) into China’s smart city solution provider Terminus Technologies, according to an announcement.

China’s e-commerce giant JD.com, real estate developer Wanda Group, and voice recognition technology developer iFlytek also participated in this round.

Terminus will use the funds to hire talent and to develop its core business, it said.

Terminus Technologies, incubated by Everbright Holdings, is looking to build China’s largest urban-level intelligent IoT platform to provide urban management, population management and construction for governments and enterprises.

The company claims that it has maintained an average annual growth rate of over 200 per cent since its establishment in 2015. Its R&D centers have been set up in Beijing, Shanghai, Chongqing, Wuhan, Shenzhen and others with more than 8,400 projects across the country.

In January, China Everbright Ltd announced the final close of its North America and Europe-focused investment vehicle, CEL Global Investment Fund, at $539 million.

The vehicle, that was launched in the second quarter of 2016, primarily invests in equities of the companies located in North America, Europe, and Asia with a track record and a sound business model and with strong growth in China.

 

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.