China VC/Tech Weekly Roundup: Suning.com Launches $1.48B Fund, CITIC Capital Acquires UCO In Carve-Out Deal
In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of April 29 to May 3, with Eudora Wang sitting in for Nina Xiang in Hong Kong. Topics covered include Suning.com, one of the largest retailers in China, planned to team up with private equity firm Guojun Capital to launch a fund of funds with a target size of RMB10 billion (US$1.48 billion), CITIC Capital Partners acquired Hangzhou UCO Cosmetics in a RMB1.4 billion (US$207 million) carve-out transaction, and Chinese lithium-ion battery maker Phylion Battery secured RMB810 million (US$120 million) in a pre-IPO funding round. Be sure to subscribe to China Money Podcast for free in the iTunes store, or subscribe to our weekly newsletter.