FunPlus rakes in $74 mln

FunPlus has closed $74 million in funding. The investors were Orchid Asia Group, GSR Ventures and Steamboat Ventures. Headquartered in Beijing, China, with offices in San Francisco and Vancouver, FunPlus is a mobile social gaming company.


Thoughts On The Venture Capital Slowdown In China

Venture capital activity in China is at a low ebb, with deal making down, valuations soft and exits markets bottled up. So when will the good times roll in? The answer has a lot to do with whether you believe business cycles in China remain compressed or start to resemble the longer ones of the United States and Europe.

GSR Ventures Closes $133M Opportunities IV Fund

GSR Ventures said it closed its $133 million GSR Opportunities IV fund primarily created to permit existing LPs to invest in later-stage rounds of select GSR-backed companies. The fund creates an opportunity for investors in GSR’ first four venture funds. PRESS RELEASE GSR VENTURES CLOSES US$133 MILLION OPPORTUNITIES FUND Fund Provides GSR Limited Partners’ the […]

SunSun Lighting Raises $30M From GSR, Oak, Angels

SunSun Lighting said it raised $30 million in Series B financing from GSR Ventures, Oak Investment Partners and several angel investors. Oak led the round, and Allan Kwan, a China-based adviser for the firm, is joining the board. PRESS RELEASE SunSun Lighting — “LED Light Bulb Company” — Attracts $30 Million In Financing From GSR […]

Tracky Gets Angel Funding

Tracky, a new social collaboration platform, has raised $1 million in angel funding. Advisory board members include Sarah Evans, a social media correspondent featured in Vanity Fair, Forbes and Entrepreneur; Alex Hunter, company incubator, angel investor and branding expert; and Kevin Fong, who has a 23-year-long track record with early stage companies and is special […]

C3Nano Closes $6.7M

C3Nano Inc., a Hayward, Calif.-based developer of nanomaterials-based transparent conductive film, has raised $6.7 millionin Series B financing, the company announced Thursday. Phoenix Venture Partners led the round, with participation from existing investor GSR Ventures. The company has raised more than $10 million to date. As a result of the latest round, Nobi Kambe of […]

Boston-Power Raises $30M From GSR, Oak, Foundation Asset

Boston-Power Inc. said it raised $30 million in new private equity. Existing investor GSR Ventures led the deal and Oak Investment Partners and Foundation Asset Management participated. The funding is an add-on to the $125 million round of funding the lithium-ion battery company announced in September. The September round included growth capital and Chinese government […]

China’s Lashou.com Plans I.P.O.

Chinese group-buying website Lashou.com is planning an initial public offering in the United States, Bloomberg reports, but has yet to set a timeline. The company has raised $110 million from investors including GSR Ventures, and has a valuation of roughly $1.1 billion, Reuters reports. The company is looking for advisers to replace Morgan Stanley and Goldman Sachs, which are underwriting the IPO of rival Groupon Inc, Bloomberg wrote.

Turmoil at China Mobile Creates Opportunity for GSR Ventures–UPDATED

Turmoil at the world’s largest mobile provider and one of its partner companies appears to have benefited GSR Ventures, a China-focused venture capital firm. GSR, which last month closed on a $350 million China fund, will announce on Thursday that Yinan Li has joined the firm as a venture partner focused on wireless and Internet […]

GSR Ventures Loads $350M China Fund

GSR Ventures, the early-stage venture capital fund, has closed a new $350 million fund to invest in China. The firm’s fourth fund under management, the most recent vehicle brings past $1.0 billion GSR’s assets under management. LPs in GSR’s fund include Horsley Bridge Partners; the VC primarily pursues early-stage technology investments.

Baidu Invests $306M for Chinese Travel Site Qunar–CORRECTED

Baidu has paid $306 million to buy Chinese travel site Qunar, the company announced Friday. Formed in 2005, Qunar sealed at least $25 million from investors including GSR Ventures, Mayfield Fund, Tenaya Capital and GGV Capital. The company’s site provides real-time searches for air and rail tickets, hotels, and tour packages. The deal is expected to close in the third quarter of 2011.

What Scandals? VCs Still Love China’s Startups

(Reuters) – The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland’s “So-Lo-Mo” and luxury e-commerce sectors. PE and VC firms are still betting on firms in So-Lo-Mo, shorthand for […]

SunSun Lighting Inks $10M Series A

China’s SunSun Lighting, which makes LED lighting products, has raised $10 million in Series A financing from GSR Ventures. The company will use the money for growth. GSR Ventures has offices in Beijing and Palo Alto, Calif.

ShineOn Closes Series B, Total Funding Hits $51.5M

Beijing-based ShineOn Holding Inc. has closed its Series B financing round, bringing the total raised by the company to $51.5 million. Mayfield Fund participated in the investment round along with GSR Ventures, Northern Light Ventures and IDG-Accel Capital. ShineOn produces LED products with low thermal resistance, and high brightness, designed for TVs, monitors, and notebooks.

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