Vancl,ThreatofPPG

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On 5th Aug., online shopping portal for shirts (vancl) has completedits series C round of fundraising, which was led by Qiming Venture Partners. IDGTechnology Venture Investment (IDGVC), Ceyuan Ventures and SAIF Partnershave participated in this round as well. Founder and CEO CHEN Nian disclosedthat Vancl has secured $30 million venture capital in total.

PPG took the lead in creating garment B2C business model, which was theleader in the industry and the first one who got the venture investment. Fewmonths ago, PPG was in default on advertising fees, which made people questionPPG's future. Furthermore, the entire garment B2C industry was questioned bymedia and investors as well. However, many young customers have fell in lovewith this simple and convenient online shopping fashion. Be different from PPG'sstrong promotion on internet, newspaper, magazine and television, Vancl focuseson using internet as user interface, which saves a large amount of expenditure.

Vancl with less than one year history has achieved over RMB60 million turnoversper month. Accordingly, Vancl's year operating revenue will exceed RMB700 million.Internal company expects the company will realize profitable in next year. Meanwhile,the company starts to consider the IPO issue. Before this round of funding, Vancl hasgained two rounds of financings from IDGVC and SAIF Partners respectively.

DingHong Invests in Biotech

On 1st Aug., Jiangsu DingHongVenture Capital Co., Ltd. (DingHong)associated with Jiangsu Benefit RiseGroup to invest RMB34 million inBiomics Biotechnologies (Nantong)Co., Ltd. (Biomics), which is Biomics'second round of financing. Biomicsis an Asian leading RNAi treatmenttechnology company, and also one ofthe few siRNA drug R&D enterprisesintegrating siRNA library integration,gene drug target selection, siRNAstructure decoration and drug deliverysystem.

In the same month, Dinghonginvested RMB15 million in NantongHaosi Tea Biological Co., Ltd. (HaosiTea). Haosi Tea has established an oilproduct line producing 30000 tons oftea leave seeds per annum during thefirst phase. In addition, the companycan cooperate with Maite Biologicalalso invested by DingHong to integratetheir tea leave extracts to form a hightechtea cluster chain.

Fantong Raises $4M

On 1 s t Au g . , F a n t o n g . c o m(Fantong) announced that it has gained$4 million from Japan Asia InvestmentCo. Ltd., Itochu Corporation andCyberAgent Investment. In thisJune, Fantong has acquired an onlinerestaurant booking service providerin the Southern China. In addition,Fantong has developed approximately50 sites in the tier II cities aroundChina.

Letv Gains RMB50M

On 5th Aug.省略 (Letv)announced that is gained RMB50million from Beijing Huijin Lifang,Sh e n z h e n Ve n t u r e Ca p i t a l a n dShenzhen South Sea Growth SelectedFund. The funding will be used in

new product's R&D and cooperationpartners' development. Founded in2004, Letv has been dedicated tovideo delivery system integrating P2P(Network video) and CDN (TV cellphone) technologies' R&D.

Zhejiang Merchant Backs Tianma

On 5th Aug., Zhejiang MerchantI n v e s tme n t Gr o u p ( Z h e j i a n gMerchant) invested RMB200 millionto get over 50% stocks in TianmaGarment Wholesale Building (Tianma).At present, the Building is in thereconstruction and research process.The Chairman of Zhejing MerchantSUN Xiaofei introduced, "After theinvestment, Zhejiang Merchant willinvest another RMB40 million toreconstruct the building to adjust thestores and improve the basic devices."

Ultizen Secures $6M

On 6th Aug., game development and outsourcing company ShanghaiUltizen Games Ltd. (Ultizen) has completed its Series B round of financingfor $6 million, which was led by Taiwan-based venture capital firm PACLINK,with participation from Japan-based VC firm Japan Asia InvestmentCo. (JAIC) and CyberAgent, a leading on-line advertising agency and mediarepresentative company. Founded in 2005, Ultizen is one of the Top 5 gameoutsourcing service providers in China. Ultizen secured a $1.5 million SeriesA round of financing from Dragonvest Partners in 2007. At present, Ultizenhas grown to be one of the top three independent game studios in China, whichmerged Beijing Mo-Star Limited. The company maintains studios in Shanghaiand Beijing, China and opened an office in Los Angeles in 2007.

ET Solar Gets Series B Funding

Following the completion ofSeries A round of funding at $19million in this March, ET Solar GroupCorp. (ET Solar) has completed itsSeries B round of financing for $31million from Shanghai NewMargin,China Environment Fund (CEF),Development Principles Fund (DPF),CeYuan Ventures and France-basedPE Fund China Equity Links (CEL).ET Solar is a Nanjing-based integratedmanufacturer of photovoltaic productsincluding ingot, wafer, module, andstate-of-the-art dual-axis trackingsystems with manufacturing facilities.

Vienna Hotel Regains $50M

On 11th Aug. , Vienna Hot elGroup (Vienna Hotel) announced thatit received $50 million from a FrenchPE firm, which is the second round offinancing since it obtained $20 millionfrom SAIF Partners. Established in 1993and based in Shenzhen, Vienna currentlyhas 15 outlets in China in cities such asShenzhen, Beijing, Shanghai, and Tianjinwith another 17 under construction.

CSVC Invests in Digital China

On 14th Aug., China-SingaporeSuzhou Industrial Park Ventures Co.,Ltd. (CSVC) announced it will joinhands with Digital China InformationTechnology Service Co., Ltd. (DigitalChina). CSVC and Huayi Investmentwill invest RMB500 million to establisha joint venture named Digital ChinaInformation Technology Services Co.,Ltd., in which Digital China Softwareholds a 80.49% stake, while SCVC

and Huayi Investment hold 18.6% and4.65% stakes respectively.

Goodfamily Obtains RMB60M

On 15th Aug., Shenzhen FortuneVenture Capital Co., Ltd. (Fortune VC)disclosed that it will invest RMB60million to get a 20% stake in ShenzhenGoodf ami ly Indus t ry Co. , Ltd.(Goodfamily). Other four domesticinvestment companies participated inthis round of funding as well. Foundedin 1994, Goodfamily has become oneof the most innovative, reputed andpowerful companies in China's fitnessline.

GangYu Gains VC

On 18th Aug., fitness equipmentmanufacturer GangYu IndustrialCo., Ltd. (GangYu) has securedove r RMB100 mi l l ion f rom iDTechVentures Inc. (iDT), Hua ShengVentur e s and othe r inve s tmentcompanies. The investment willbe used in productive expansion,overseas' brand M&A, overseas directmarketing, and domestic promotion.

Zhong Wang Obtains $100M

On 20th Aug., Liao Ning ZhongWang Group Co., Ltd. (Zhong Wang)announced that it secured $100 millionfrom private equity company OlympusCapital (Olympus), which has acquiredat least 10% equity interest in ZhongWang. Founded in 1993, ZhongWang has grown to become the thirdlargest aluminium extrusion profilemanufacturer in the world. In 2007 ithad sales of over RMB10 billion. Itsupplies to the railway, shipping andaviation industries.

Koolanoo Injects into 360quan

On 20th Aug., Social network360quan has gained $25 million fromIsraeli internet investment companyKo o l a n o o Gr o u p (Ko o l a n o o ) .Koolanoo is optimistic about therapid development of China's Internetindustry, so they decide to spend hugesums of money in the China Internetmarket and becomes Times Leaderof Web2.0. Moreover, in additionto 360quan, Koolanoo Group iscarrying out a series of investment andacquisition plans.省略

On 5th Aug.省略 andlaunch free MP3 search service throughboth parties' efforts.省略 was cofoundedby basketball star YAO Ming.省略and the search technologies of Google.省略 and the musiccompanies that offer the musicresources to the website.

Barclays Buys 19.5% of NCT

On 12th Aug. , the s t r a t egi ccooperation between New China TrustCo., Ltd. (NCT) and Barclays BankPLC. (Barclays) has gained approvalfrom the China Banking RegulatoryCommission. Barclays will obtain a19.5% stake in NCT. As early as thebeginning of 2007, Barclays had beenreported to eye a 49% stake in theChinese trust and investment firm, butthe plan failed due to China's bankingpolicies which limit a single foreigninstitution's ownership in a Chinesetrust firm at not more than 20%.

YRC Worldwide Gets Jiayu

The U.S. largest logistics companyYRC Worldwide (Nasdaq: YRCW)

announced on 19th August that itssubsidiary company YRC Logisticssuccessfully closed its acquisition ofShanghai Jiayu Logistics Co., Ltd.(Jiayu). YRC Logistics invested $44.7million to get a 65% stake in Jiayu,and expects to purchase the remaining35% interest in 2010 for an amountnot to exceed $39 million. Jiayu is thelargest providers of truckload and lessthan-truckload ground transportationservices in China, and it provides anideal platform for YRC Worldwide to

Ping An Buys Interests in Yunnan Baiyao

On 12th Aug., Yunnan Baiyao Group Co., Ltd. (YunnanBaiyao) announced that Ping An Insurance (Ping An) hasinvested RMB1.39 million to acquire a 10% stake of thecompany. This deal enabled Ping An to lift its stake in thecompany to 9.61% from the previous 0.27%. The shares werepriced at RMB27.87 per share, lower than the closing priceof RMB33.53 of the last trading session before they weresuspended from trading since July 30th. The proceeds areexpected to be used to move Yunnan Baiyao to a suburb ofKunming as well as finance its investment in a unit.

support the needs of both local Chinesecustomers and large multinationalcompani e s wi th t r anspor t a t ionrequirements in China.

iSoftStone Acquires ShanghaiJiefeng

On 13th Aug., IT and businessprocess outsourcing service provideriSoftStone Information ServiceCorporation (iSoftStone) and ShanghaiJiefeng Information Technologies Co.(Shanghai Jiefeng) have completed thepost-acquisition integration. ShanghaiJiefeng is a provider of enterpriseapplication development services. Theacquisition will enhance iSoftStone'sservice ability to provide system R&Dfor enterprise customers. Chairmanand CEO LIU Tianwen said, "Mergeand acquisition will be a part ofiSoftStone's long-term strategy."

MMIA Debuts on NYSE

China Mass Media InternationalAdvertising Corp. (MMIA) listed onNYSE Euronext's fully electronicmarket for emerging issuers on 8thAugust, and financed $49 millionsuccessfully. MMIA is a leadingindependent television advertisingcompany, providing a full rangeof integrated television advertisingservices, including advertising agencyservices, special events servicesto China Central Television, andproduction and sponsorship services.For its advertising agency services,the company obtains advertising timeslots on selected nationally broadcasttelevision channels of CCTV, China'slargest television network. MMIAprovided sales and marketing servicesfor the 2008 Beijing Olympic Gameson CCTV Channel 1 and 2.

Pengjie Fabrics Raises $14.53

On 11th Aug., China PengjieFabrics Limited (Pengjie Fabrics) hassecured $14.53 million by listing on theMain Board of Singapore Exchange.The company plans to use the proceedsto purchase new machines and acquireother companies. Established in 2003,Pengjie Fabrics and its subsidiariesspecialize in the manufacture andproduction of yarns, mainly combedcotton yarns, and loom-state fabrics,and are focused on serving the appareland textile industry in China. By mid2008, Pengjie Gabrics had convertedapproximately 30% of its annualyarn production capacity to producecompact spinning yarns.

Permira Hires Henry Chen

The U.K. private equity group Permiraannounced on 14th August that itappointed former Goldman Sachssenior banker Henry L Chen as head ofthe firm's new Hong Kong office. Theappointment underlines China's risingimportance for western buy-out groups.In Goldman Sachs, Chen most recentlyserved as co-head of the GeneralIndustrials Group for Asia, excludingJapan. Before that, he was COO ofCorporate Finance. Permira advisesfunds with a total committed capital ofapproximately 2 billion.