PE Weekly | News and Events in Chinese PE Market (2021.4.26–2021.5.2)

This week (2021.4.26–2021.5.2), PE Weekly covers Fundraising news on PE market.

Fundraising

China’s SF Express Sets up $300 Million Fund for Logistics Development

30 April 2021 — — SF Express, Chinese rival to FedEx, announced the partnership between its subsidiary and Hammer Capital Real Estate Limited to launch a logistics development fund and invest in logistics industrial park projects recommended by the company. The fund targets $300 million in the first close. Read more…

Shandong Sets up $46 Million Fund in Zibo City for Rural Revitalization

30 April 2021 — East China’s Zibo city in Shandong province announced its first industrial fund for rural revitalization, with the total scale of CNY 300 million ($46.3 million). Read more…

China’s Heihe City to Set up $77 Million Fund for Comprehensive Investments

28 April 2021 — — Under the MOU with Longjiang Financial Holding, a stated-owned company focuses in financial services, northeast China’s Heihe City announced the partnership with the company to set up an investment fund of CNY 500 million ($77.3 million), targeting CNY 100 million ($15.5 million) in the first close. The new vehicle aims to support local industries such as green food, trade and logistics, tourism, health, and finance alongside the border. Read more…

China’s Tongling Nonferrous Metals Group to Launch $155 Million Industrial Fund

28 April 2021 — — Tongling Nonferrous Metals Group Co., Ltd, a Chinese state-owned complex, announced the partnership with professional institutions to co-launch a fund with total scale of CNY 1 billion ($154.6 million) to invest in advanced structural materials industrial chain related businesses including but not limited to advanced manufacturing, integrated circuit, 5G, new energy, healthcare, and military industry. Read more…

China’s Richland Capital Ropes in French Materials Giant Saint-Gobain as LP in Third Venture Fund

27 April 2021 — — Chinese investment firm Richland Capital announced that it has roped in the French global materials giant Saint-Gobain as a limited partner for its third venture fund — VC Fund III. The fund will target startups in three niche segments — new materials, high-end equipment, and digital technology. Read more…

Chengdu Tianfu New Area Welcomes $1.5 Billion Fund Cluster for Digital Economy

27 April 2021 — — Southwest China’s Sichuan Tianfu New Area government announced to set up an industrial investment fund cluster with total scale of CNY 10 billion ($1.5 billion), as an important part of its ten policies for boosting digital economy. Read more…

China’s Tuya Smart Partners with Hillhouse Capital to Set up $400 Million Fund for Global IoT Investments

27 April 2021 — — Tuya Smart, a leading global IoT cloud platform announced the partnership with Hillhouse Capital to set up a $400 Million fund for investments in the global IoT industry to enrich and diversify global smart business forms. Read more…

China’s Challenjers Capital Launches $155 Million Equity Investment Fund

27 April 2021 — — Challenjers Capital, a backer of China’s food upstart Yuanqi Senlin, pours CNY 1 billion ($154.5 million) to set up an equity fund for investments. The fund secures commitments from Xiamen Challenger Shuimu Venture Investment Partnership and Beijing Challenger Technology Co., both are controlled by Tang Senbin, the founder of Yuanqi Senlin. Read more…

Wuhan to Launch $46 Billion Fund for Angel Investments

26 April 2021 — — Wuhan government plans to leverage angel investors and private capital to set up a CNY 300 billion ($46.3 billion) fund targeting only angel investments in the city. Read more…

Shenzhen Backs up Private Capital to Set up $1.5 Billion Fund for 5G Industries

26 April 2021 — — Shenzhen government rolled out a series of policies to boost the high-quality development of 5G related industrial chains, including supporting private capital to set up CNY 10 billion ($1.5 billion) fund. Read more…

Sino-Ocean Capital to Co-Launch $155 Million Fund for New Rural Development

26 April 2021 — — Sino-Ocean Capital, a leading Chinese alternative asset management firm, announced the strategic cooperation with Chengdu Xinjin Digital Technology Industry Development Group to set up a CNY 1 billion ($154.5 million) industrial investment fund II for investments in new rural industrial in Xinjin District, Chengdu City. The new vehicle will invest in industries that are conducive to rural revitalization, including but not limited to modern agricultural seed industry, modern agricultural equipment, rural energy conservation and environmental protection, new energy, new materials, smart manufacturing, AI, and healthcare. Read more…

Chinese CTC Capital Hits Final Close of Second Semiconductor Fund

26 April 2021 — — Semiconductor industry-focused CTC Capital announced that it has hit the final close of its second RMB-denominated fund at CNY 3.5 billion ($539 million). The oversubscribed fund attracted a slew of investors including government-led funds, state-owned industry majors and fund of funds. CTC Capital is looking to shore up its investments in the semiconductor industry focused on AI, data centers, 5G network, internet of things (IoT) and smart automobiles. Read more…

Suzhou Welcomes $1.5 Billion Fund for Biomedicine and Healthcare Industry

25 April 2021 — — Hongtai Aplus partners with Suzhou International Development Group and SIP State-Owned Capital Investment Operation Holdings Co., Ltd to launch a CNY 10 billion ($1.5 billion) fund to invest in AI, information technology, engineering technology and other fields related to life health and medical services. Read more…

Jiangsu’s Liyang Sets up $1.5 Billion Fund for Energy Storage and Smart Connectivity

25 April 2021 — — Initiated by Jiangsu Pingling Construction Investment Group, Liyang Government Investment Fund made its official debut. The fund, biggest government investment fund in the city, targets CNY 10 billion ($1.5 billion) in total and will mainly invest in energy storage, smart connectivity, and other strategic industries in the city. Read more…

Zhejiang Jiaxing Welcomes First Comprehensive FOF

25 April 2021 — — China Capital Management Co., Ltd teams up with Jiaxing State-Owned Asset Investment Management Co., Ltd and Jiashi Finance Holding to launch a CNY 5 billion ($772.3 million) fund, targeting CNY 2 billion ($308.9 million) in the first close. The fund, first fund of funds in Jiaxing, will focus on the investments in VC and PE funds centering around strategic emerging industries such as digital economy, high-end equipment manufacturing, big healthcare in Jiangxi city and Yangtze River Delta region. Read more…

Chongqing Set up $309 Million Fund for Traditional Chinese Medicine Industry

25 April 2021 — — Beijing National Development Park Asset Management Co., Ltd, backed by China Research Association of Chinese Medicine, announced the partnership with Chongqing Lianhang Development Investment Co., to co-launch a government-guided fund for Chinese medicine and healthcare industry. The CNY 2 billion ($308.9 million) fund targets CNY 100 million ($15.4 million) in the first close. Read more…

China’s Changsha Wangcheng District Unveils $309 Million Fund

25 April 2021 — — Central China’s Changsha city unveils a CNY 2 billion ($308.9 million) fund backed by Wangcheng district government and Wangcheng Economic and Technological Development Zone, securing commitments from Changsha Zhenwang Construction Development Co., Ltd, Changsha Wangcheng State-owned Asset Management Co., and Hunan Hi-Tech Investment Group. The fund will focus on investments in electronic information, non-ferrous metal processing, advanced manufacturing, new materials, advanced energy storage, biomedicine and other industries. Read more…

China’s Shanghai Film Participates to Launch $155 Million Fund

25 April 2021 — — Shanghai Film Co., Ltd, operating in Chinese film industry, announced partnership with four professional investment institutions to launch a CNY 1 billion ($154.5 million) fund, with commitment of CNY 100 million ($15.5 million). The new vehicle eyes on the investments centering movie and entertainment industries. Read more…

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