-
1 week ago | 
dealstreetasia.com | Stephanie Li
Private market investors’ unease over the intensifying Sino-US trade war was evident in the fundraising landscape in Greater China in April. While deal volume stayed elevated by historical standards, total funding value was down 13.3% from March. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
-
2 weeks ago | 
dealstreetasia.com | Stephanie Li
Chinese artificial heart maker Core Medical Technology has secured $100 million in its Series D round, according to a release on April 24. Prosperity7 Ventures, a venture capital fund of Saudi oil giant Aramco and several local investment firms, including Loyal Valley Capital, Legend Capital, CoStone Capital, New Alliance Capital, and Delian Capital, joined the round, per the release. Founded in 2016, the Shenzhen-based firm is engaged in the research and development of innovative medical devices.
-
2 weeks ago | 
dealstreetasia.com | Stephanie Li
Shanghai-listed vegetable and walnut beverages maker Hebei Yangyuan ZhiHui Beverage said that it would invest 1.6 billion yuan ($219.5 million) for a 0.99% stake in top memory chipmaker Yangtze Memory Technologies Corp (YMTC). Despite gaining approval from Yangyuan’s board of directors in December 2023, the deal was only disclosed in an exchange filing on April 26. The beverage firm cited “trade secret” as the reason behind the delay of its information disclosure.
-
2 weeks ago | 
dealstreetasia.com | Stephanie Li
Haier Group’s renewable energy arm Haier Energy has secured 700 million yuan ($96.1 million) in a Series A funding round, roping in the likes of state-owned investment firm SDIC Chuangyi, and state energy firm China National Petroleum Corp (CNPC)’s investment vehicle Kunlun Capital.
-
2 weeks ago | 
dealstreetasia.com | Stephanie Li
London-headquartered IT services outsourcing firm NashTech plans to ramp up strategic acquisitions as it seeks inorganic opportunities to grow its company three times its current level of EBITDA and revenues, its CEO John O’Brien told DealStreetAsia in an interview. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
-
3 weeks ago | 
dealstreetasia.com | Stephanie Li
China’s dual-currency, early-stage venture investor 01VC has brought its new 500-million yuan ($68.6 million) RMB-denominated fund to a first close, according to a company release on Monday. The RMB fund roped in state capital investors, listed firms and fund of funds (FoFs), which are backed by state capital but have a market-oriented approach. However, the firm did not disclose the names of the backers.
-
3 weeks ago | 
dealstreetasia.com | Stephanie Li
As Beijing and Washington continue to be embroiled in tit-for-tat tariffs, it signals yet another sign of intensifying trade tensions between two of the world’s largest economies. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe nowAlready a Subscriber?
-
1 month ago | 
dealstreetasia.com | Stephanie Li
Harbour Industrial Capital (HIC), a Hong Kong-based crypto venture capital investment firm focusing on early-stage firms that build projects on Polkadot, a blockchain project developed by Ethereum co-founder Gavin Wood, is in the market looking to raise $100 million for its second fund. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia.
-
1 month ago | 
dealstreetasia.com | Stephanie Li
Singapore-headquartered cross-border payment firm Sunrate is acquiring a 100% stake in Transfar Pay, a wholly-owned subsidiary of Chinese chemicals manufacturer Transfar Group’s logistics arm, for 315 million yuan ($43.3 million). The transaction, which will be subject to approval and endorsement from the relevant regulatory authorities, enables Sunrate to secure a third-party payment licence in China, according to an exchange filing by Shenzhen-listed Transfar dated April 1.
-
1 month ago | 
dealstreetasia.com | Stephanie Li
Axera Semiconductor, which makes edge computing chips for the likes of terminal device computing and smart driving, has secured 1 billion yuan ($136.3 million) in a Series C funding round. The round has roped in a number of state capital affiliated investors including Chongqing Industry Investment Fund-of-Fund, Chongqing Liangjiang Fund; Ningbo Tongshang Fund; and Zhenhai Industrial Investment, according to a company release on Wednesday.
