Investors in China Express Frustration: Report

Investors are no longer head over heels for China as just 26.9% of those surveyed recently characterize the evolution of private equity and venture capital in the country as “very good” or “fairly good.”

shanghai photo shutterstock_58825618

PE Firm Boyu Capital Planning $1.5B Fund Focused on China

(Reuters) – Private equity firm Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is seeking $1.5 billion, according to people familiar with the matter. Boyu will launch the fund in the second half of the year, continuing its focus on investing into Chinese companies, the sources say.

Yodo1 Dials Up $5M to Target China’s Smartphone Game Market

Chinese smartphone game publisher Yodo1 reported Wednesday that it has raised $5 million in a Series A round led by SingTel Innov8, a wholly-owned subsidiary of Singapore-based SingTel Group. Additional funding came from existing investor Chang You Fund. Beijing-based Yodo1 raised $2 million in seed funding last June from Chang You Fund and an undisclosed amount from RTM Asia in February 2012.

WestSummit Backs Mobile Tech Company Union Optech in China

Beijing-based WestSummit Capital announced that it has backed Chinese optical lens provider Union Optech, which develops lenses and sensors used in security cameras, smartphones, and other mobile devices. Terms of the funding were not disclosed. Beijing-based WestSummit also invests in U.S. companies from its location in Palo Alto, Calif. PRESS RELEASE WestSummit Capital Expands Mobile Ecosystem Portfolio […]

China’s B5M Raises $7.1M From Oak, Glosis

B5M said it raised $7.1 million in Series A investment led by Oak Investment Partners and Giosis Holdings. The Chinese social shopping search engine will use the money to develop its website and for marketing. Allan Kwan and Youngbae Ku will join the board. PRESS RELEASE CHINESE SOCIAL SHOPPING SEARCH ENGINE B5M SECURES $7.1 MILLION […]

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