Investments
19Portfolio Exits
3Funds
1Partners & Customers
7About China Merchants Group
China Merchants Group is a state-owned conglomerate based in Hong Kong, under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council. China Merchants Group is engaged in three business platforms: transportation, including the operation of ports, toll roads, logistics, vessel fleets, and building offshore equipment; finance, including banking, securities, insurance, fund, and asset management; and real estate development & operation.
Latest China Merchants Group News
Aug 14, 2023
12 August, 2023 Chindata Group said on Friday it would go private in a sweetened $3.16 billion deal with investor Bain Capital, ending months of uncertainty over the future of the Chinese data center operator that also received interest from China Merchants Group. The all-cash offer from Bain Capital, Chindata‘s largest investor with 87% of voting power and 42% of outstanding shares, values each American depository share of the company at $8.60. That is a 7.5% increase from the private equity firm’s proposal in June. It also marks a premium of about 43% to the closing price of Chindata shares before the initial approach was made public. U.S.-listed shares of Chindata, which operates data centers in China, India and Southeast Asia, rose 3% after the bell. Data centers operators have enjoyed a surge in demand in recent years as more businesses take to the web. They also stand to benefit from this year’s rise of artificial intelligence services such as ChatGPT, which require massive computing power. Bain Capital, which took Chindata public on the Nasdaq in September 2020, said earlier this year it will not sell any of its shares in the company after it received a bid from China Merchants Capital for $3.4 billion. The go-private deal announced on Friday will be funded through a combination of cash and debt financing provided by Shanghai Pudong Development Bank, Chindata said. It is expected to close during the fourth quarter of 2023 or early next year. Reuters
China Merchants Group Investments
19 Investments
China Merchants Group has made 19 investments. Their latest investment was in Cathay Biotech as part of their PIPE on June 6, 2023.

China Merchants Group Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/26/2023 | PIPE | Cathay Biotech | Yes | 1 | ||
4/19/2023 | Private Equity | Sangon Biotech | $290M | Yes | CDB Venture Capital, CPE Asset, GL Capital, Greenwoods Investment, Huagai Capital, Huasheng Capital, Novo Holdings, and Undisclosed Investors | 2 |
7/5/2022 | Series A | Ouyeel Financial Services | $35.72M | Yes | Linklogis, and Shangang Group | 1 |
6/1/2022 | Seed VC | |||||
5/11/2022 | Series B |
Date | 6/26/2023 | 4/19/2023 | 7/5/2022 | 6/1/2022 | 5/11/2022 |
---|---|---|---|---|---|
Round | PIPE | Private Equity | Series A | Seed VC | Series B |
Company | Cathay Biotech | Sangon Biotech | Ouyeel Financial Services | ||
Amount | $290M | $35.72M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | CDB Venture Capital, CPE Asset, GL Capital, Greenwoods Investment, Huagai Capital, Huasheng Capital, Novo Holdings, and Undisclosed Investors | Linklogis, and Shangang Group | |||
Sources | 1 | 2 | 1 |
China Merchants Group Portfolio Exits
3 Portfolio Exits
China Merchants Group has 3 portfolio exits. Their latest portfolio exit was Innoviz Technologies on April 05, 2021.
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 |
---|---|---|---|---|---|
4/5/2021 | Reverse Merger | 5 | |||
Date | 4/5/2021 | ||
---|---|---|---|
Exit | Reverse Merger | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 5 |
China Merchants Group Acquisitions
1 Acquisition
China Merchants Group acquired 1 company. Their latest acquisition was AVIC Maritime on December 10, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
12/10/2019 | Acq - P2P | 2 |
Date | 12/10/2019 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - P2P |
Sources | 2 |
China Merchants Group Fund History
1 Fund History
China Merchants Group has 1 fund, including China New Era Technology Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
China New Era Technology Fund | 4 |
Closing Date | |
---|---|
Fund | China New Era Technology Fund |
Fund Type | |
Status | |
Amount | |
Sources | 4 |
China Merchants Group Partners & Customers
7 Partners and customers
China Merchants Group has 7 strategic partners and customers. China Merchants Group recently partnered with Hong Kong University of Science and Technology on February 2, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
2/13/2023 | Partner | Hong Kong | With Hong Kong University of Science and Technology 's world-class research capabilities and China Merchants Group 's comprehensive business and extensive network , the partnership will not only empower Hong Kong University of Science and Technology 's researchers to participate in the commercialization of their innovations , but also help them understand the business and operational challenges one may face when bringing new technologies to society . | 1 | |
12/14/2021 | Partner | ||||
7/30/2021 | Vendor | ||||
10/16/2020 | Partner | ||||
11/1/2017 | Partner |
Date | 2/13/2023 | 12/14/2021 | 7/30/2021 | 10/16/2020 | 11/1/2017 |
---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Partner |
Business Partner | |||||
Country | Hong Kong | ||||
News Snippet | With Hong Kong University of Science and Technology 's world-class research capabilities and China Merchants Group 's comprehensive business and extensive network , the partnership will not only empower Hong Kong University of Science and Technology 's researchers to participate in the commercialization of their innovations , but also help them understand the business and operational challenges one may face when bringing new technologies to society . | ||||
Sources | 1 |
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