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Investments

29

Portfolio Exits

3

Funds

1

Partners & Customers

2

About China Development Bank Capital

China Development Bank Capital provides medium- to long-term financing facilities that assist in the development of a robust economy and a healthy, prosperous community. It aligns its business focus with national economic strategy and allocates resources to break through bottlenecks in China's economic and social development.

China Development Bank Capital Headquarter Location

10th Floor, Yinglan International Financial Center 7 Financial Street, Xicheng District

Beijing, Beijing,

China

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Research containing China Development Bank Capital

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CB Insights Intelligence Analysts have mentioned China Development Bank Capital in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest China Development Bank Capital News

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

Feb 14, 2018

JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, according to a press release announced today . JD.com confirmed it will remain the majority shareholder with a stake of 81.4 percent. The transaction, which is JD Logistics’ first outside funding event, gives the division a valuation of around $13.5 billion. It may sound unconventional to spin out division into standalone businesses, but it is fairly common among China’s top tech firms. JD.com itself span out its financial services arm and that business raised just over $1 billion last year . Indeed, Sequoia China participated in funding for both JD.com spin-outs. Alibaba itself operates a range of affiliates, including $60 billion valued Ant Financial — which it is in process of acquiring one-third of — and a logistics unit called Cainaio. Cainiao was formed by a consortium of existing logistics players to give the project a running start with resources and customer bases. Alibaba itself took a 48 percent stake, and Cainaio later raised undisclosed funding at a reported valuation of $7.7 billion. JD.com operates seven fulfillment centers and 405 warehouses in China. It has long prioritized logistics, more so than perhaps even Alibaba. That’s set to continue after this infusion of capital, JD.com CEO and Chairman Richard Liu explained. “Our decision early on to build out our own logistics network has paved the way for JD Logistics to become the industry leader it is today. The shift throughout global e-commerce towards our model is vindication of the path we chose. This current funding round sets the stage for us to further invest in expanding our lead in the sector in areas like automation, drones and robotics,” he said in a statement. There may also be synergies in Southeast Asia, where JD.com has made a range of investments including deals in Thailand , Indonesia and Vietnam . Featured Image: VCG/Getty Images Founded2004 OverviewJD.com is the the largest online direct sales company in China in terms of transaction volume with a market share in China of 54.3% in the second quarter of 2014, according to iResearch, a third-party market research firm.JD.com believes they provide consumers an enjoyable online retail experience. Through their content-rich and user-friendly website www.JD.com and mobile applications, JD.com …

China Development Bank Capital Investments

29 Investments

China Development Bank Capital has made 29 investments. Their latest investment was in Linggas as part of their Private Equity on January 1, 2022.

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China Development Bank Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/17/2022

Private Equity

Linggas

Yes

1

1/10/2022

Series B

Smarter Eye

$47.08M

Yes

3

12/27/2021

Series B - II

VirtAI Tech

Yes

10

12/16/2021

Series E

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$99M

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10

12/1/2021

Series C

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$99M

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10

Date

1/17/2022

1/10/2022

12/27/2021

12/16/2021

12/1/2021

Round

Private Equity

Series B

Series B - II

Series E

Series C

Company

Linggas

Smarter Eye

VirtAI Tech

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Amount

$47.08M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

3

10

10

10

China Development Bank Capital Portfolio Exits

3 Portfolio Exits

China Development Bank Capital has 3 portfolio exits. Their latest portfolio exit was Tsinghua Unigroup on April 04, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/4/2022

Acq - Fin

$99M

2

5/7/2020

IPO

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$99M

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10

9/20/2018

IPO

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$99M

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10

Date

4/4/2022

5/7/2020

9/20/2018

Exit

Acq - Fin

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

China Development Bank Capital Fund History

1 Fund History

China Development Bank Capital has 1 fund, including 京津冀协同发展产业投资基金 (Beijing-Tianjin-Hebei Cooperative Development Industry Investment Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

京津冀协同发展产业投资基金 (Beijing-Tianjin-Hebei Cooperative Development Industry Investment Fund)

1

Closing Date

Fund

京津冀协同发展产业投资基金 (Beijing-Tianjin-Hebei Cooperative Development Industry Investment Fund)

Fund Type

Status

Amount

Sources

1

China Development Bank Capital Partners & Customers

2 Partners and customers

China Development Bank Capital has 2 strategic partners and customers. China Development Bank Capital recently partnered with Harves on May 5, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

5/19/2017

Partner

United States

Parques Reunidos to initiate expansion in China through a strategic agreement with Harves - Grupo Parques Reunidos

Parques Reunidos and Harves reach an agreement for the future development of leisure parks across all sectors .

1

10/8/2014

Partner

Singapore

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10

Date

5/19/2017

10/8/2014

Type

Partner

Partner

Business Partner

Country

United States

Singapore

News Snippet

Parques Reunidos to initiate expansion in China through a strategic agreement with Harves - Grupo Parques Reunidos

Parques Reunidos and Harves reach an agreement for the future development of leisure parks across all sectors .

Subscribe to see more

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Sources

1

10

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