Biggest China Venture Capital Deal
By admin on January 19th, 2012
China is one of the largest growing nations in the world. It is no surprise that China is superior at delivering great communication and partnerships with some of the biggest players in the market. With the internet on the rise, there has been no better time to take the lead in what is described as domination in the online market.
The top Chinese venture capital deal in the second quarter was also the largest venture capital deal globally. Many Chinese companies involved in venture capital deals are knock-offs of well known American companies, and that includes the largest deal involving 55tuan.com, valued at $200 million.
55tuan is among many Chinese companies trying to be the next Groupon, and the venture funding from a group led by CDH Ventures and Goldman Sachs will help 55tuan prepare for a US IPO. Lashou.com is another Chinese company on the list of big venture capital deals last quarter.
It could be described as a mix of Foursquare and Groupon, and the concept was attractive enough to raise $111 million from a group led by Milestone Capital Partners. That's on top of a previous round of financing for $55 million which has agreed upon several months beforehand.