A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.

DEALS OF THE WEEK

Gaw Capital, Consortium Partners To Acquire 17 Shopping Centers in Hong Kong
Gaw Capital Partners, a Hong Kong-based real estate private equity firm, and a consortium of partners including Goldman Sachs have won a bid to acquire 17 shopping centres in Hong Kong from Link Asset Management Ltd for $3B.

INTERESTING FUNDRAISING ACTIVITY IN CHINA

China developer Kaisa unit makes $332m investment in Zhenxing biopharma
Zhenxing Biopharmaceutical & Chemical Co Ltd (1995, Taiyuan), a biopharmaceutical and chemical representatives provider, raised $332M in a funding round led by Kaisa Group Holdings Ltd.

Warburg Pincus Leads $227M New Round In Chinese Parking Service Company Sunsea
Sunsea Parking (2006, Beijing), a parking service company, providing consulting, finance, real estate, planning and design services related to parking, raised $227M in a strategic funding round led by Warburg Pincus, and China Red Star Macalline.

Alibaba Reportedly Invests $227M In Chinese Artificial Intelligence Firm SenseTime
SenseTime (2014, Hong Kong), an artificial intelligence company specializing in facial and image recognition technology and its applications, raised $227M in an undisclosed funding round led by Alibaba Group Holding Ltd.

China Reform Holdings Leads $101M Round In Chinese Precision Medicine Firm 3D Medicines
3D Medicines (2010, Shanghai), a healthcare firm developing precision medicine for cancer treatment, raised $101M in Series C round led by China Reform Holdings Co., Ltd.

Volkswagen China Joins $32M Round In EV Rental Platform Shouqi Zhixing
Shouqi Zhixing (2015, Beijing), the operator of electric vehicle sharing platform GoFun, raised $32M in Series A round led by Chery Automobile Co., Ltd., and Volkswagen China.

Shunwei Joins $30M Round In Chinese Power Bank Rental Firm Energy Monster
Energy Monster (2016, Shanghai), a portable power bank rental company, raised $30M in Series B round involving Shunwei Capital, Bluerun Ventures, Sky9 Capital, Hillhouse Capital, Crystal Stream Capital, Xiaomi Inc., Zimi Technology, and GF Xinde Investment Management.

Plum Ventures Leads $30M Pre-IPO Round In Chinese Drone Maker MicroMultiCopter
MicroMultiCopter (2010, Shenzhen), a high-tech enterprise provider specializing in researching and developing multi-rotor drones, raised $30M in a Pre-IPO round led by Plum Ventures.

INVESTMENTS BY CHINESE INVESTORS AND COMPANIES

FountainVest in advanced talks to buy billionaire-backed HK gym chain Pure Group
FountainVest Partners, a private equity fund dedicated to China, is in talks to acquire Pure Group, a Hong Kong-based gym chain, for over $400M.

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