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

DEALS OF THE WEEK

Ping An Healthcare Set For Hong Kong IPO At Likely $5B Valuation
Ping An Healthcare And Technology Co., Ltd., a China-based online medical and wellness service provider, has been cleared for a $5B IPO in Hong Kong.

INTERESTING FUNDRAISING ACTIVITY IN CHINA

China’s Ping An Raises $2.2B For Three Units From SoftBank, IDG And SBI Group
Ping An Insurance Company (1988, Shenzhen), a Chinese holding conglomerate company, announced the completion of private placement financing worth $2.2B by three of its technology subsidiaries.

Tencent Reported To Lead $1.59B Investment In Chinese Menswear Group Heilan Home
Heilan Home Co Ltd., (1997, Wuxi), an international retail brand provider for menswear, raised $1.59B in an undisclosed round from Tencent Holdings. JD.com and Vipshop Holdings also participated in the round.

Alibaba leads $1.24B investment in Dalian Wanda’s listed film unit
Dalian Wanda Group (1988, Beijing), a China-based conglomerate company, raised $1.24B in an undisclosed round from Alibaba Group Holdings Ltd.

IDG Invests $159M In Chinese New Energy Vehicle Firm SKIO Matrix
SKIO Matrix Co., Ltd., (2013, Hangzhou), a new energy vehicle firm, raised $159M in Series D round led by IDG Capital.

Chinese Cross-border Logistics Service Provider 360Zebra Raises $100M In Series C Round
360zebra (2010, Shanghai), an e-commerce shipping solutions and logistics management platform, raised $100M in Series C round led by ZEEMAN.

CDH Investments Leads $100M Series D Round In Chinese Gay Social Networking Platform Blued
Blued (2012, Beijing), a gay social networking mobile app provider, raised $100M in Series D round led by CDH Investments and UG Capital.

Baidu Ventures Leads $64M Series B Round In Chinese Medical Imaging Service Provider Rimag
Rimag (Shenzhen), a medical imaging service provider, raised $64M in Series B round led by Baidu Ventures. Neovision Capital, Goldman Sachs China, Huayu Rongchuang, Beijing Huaxin Century Investment Group Co., Ltd, and Zeyue Capital also participated in the round.

CCB International Co-Leads $15M Series B Round In Chinese Auto Trading Platform Chezhency.Com
Chezhency.Com (2015, Shenzhen), a Chinese B2B auto trading platform, raised $15M in Series B round led by CCB International and TusPark Ventures. QF Capital also participated in the round.

New Oriental Leads Series C+ Round In Chinese Pediatric Care Company Dr.Cuiyutao Healthcare
Dr.Cuiyutao Healthcare (2014, Beijing), a child healthcare centre, raised an undisclosed amount in Series C+ round led by New Oriental Education & Technology Group Inc.

INVESTMENTS BY CHINESE INVESTORS AND COMPANIES

Baidu Venture Capital Raises $317M For Artificial Intelligence Focused Fund
Baidu Venture Capital, a China-based early-stage investment unit of Baidu Inc. focused on artificial intelligence investments, completed the first closing of its second RMB fund, raising $317M.

Pfizer Takes Stake In Chinese Biotech Firm NetVation, Plans Research Collaboration
Pfizer, a US pharmaceutical company, has acquired a stake in NetVation DL Medicine, a China-based biotechnology company, for an undisclosed amount.

Tencent acquires stake in online games developer Shanda Games
Tencent Holdings has acquired a stake in Shanda Games, a China-based online games developer, for an undisclosed amount.

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