General Atlantic, a leading global growth equity firm, today announced that Lu Wang has joined the firm as an Operating Partner. Based in Beijing, Mr. Wang will provide strategic counsel to the firm’s investment team and portfolio companies through his significant operational expertise spanning the internet, e-commerce, digital and technology sectors in China.
NetEase, Inc. (NASDAQ: NTES) (“NetEase”), one of China’s leading internet and online game services providers, today announced that its music streaming platform NetEase Cloud Music has completed its previously announced round of financing with investors, including strategic partner Baidu, General Atlantic, Boyu Capital and several other investors. The total amount invested was over $600 million, and NetEase remains the controlling shareholder of the NetEase Cloud Music business.
Hong Kong Asia Medical Holding Limited (“Asia Medical”) today announced a strategic partnership with a $150 million investment from General Atlantic, a leading global growth equity firm. Asia Medical is a leading privately-owned Chinese healthcare services provider and hospital operator specializing in heart surgery and cardiology, which operates under the brand name ‘Asia Heart’. The strategic partnership marks the expansion of General Atlantic’s investment focus into the healthcare and biotechnology sector in China.
MyDreamPlus secures US$120 million in Series C funding led by Hillhouse Capital and General Atlantic
MyDreamPlus, a smart workspace service brand, announced today that it has completed its US$120 million Series C funding round, led by Hillhouse Capital and General Atlantic. Existing investors including JOY Capital, Ocean Link, M31 Management Fund of Giant Network Group, and K2VC also participated in this round. TH Capital acted as the sole financial advisor.
Today, Inc., (“Today”) a leading Chinese convenience store brand, announced today that it has completed its RMB300 million Series B+ financing led by General Atlantic, a leading global growth equity firm, valuing the company at more than RMB3 billion. With the latest financing round, the company has successfully raised more than RMB500 million over the past six months to fuel continued market expansion and growth.
Mafengwo, a leading Chinese independent online travel platform, announced today that it has closed its Series D fundraising round of $133 million. New investors in this fundraising round include General Atlantic, a leading global growth equity firm, Ocean Link, a private equity firm focused on the fast-growing travel and tourism sector in China, Temasek, an investment company headquartered in Singapore, Yuantai Investment, and Hopu. Existing investors including Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated in this latest financing round.
Ocean Link, the First Private Equity Firm Focused on China’s Travel and Tourism Sector, Announces Strategic Partnership with Ctrip and General Atlantic
Ocean Link, the first private equity firm focused on the fast-growing travel and tourism sector in China, today announced its strategic partnership with Ctrip, the largest online travel agency in China, and General Atlantic, a leading global growth equity firm.