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Chinese lingerie brand NEIWAI raises $100m in Series D led by Carlyle
July 16, 2021
PE giant Carlyle has led a $100 million Series D round in NEIWAI, an emerging lingerie brand in China, according to an announcement.
The round has attracted the company’s existing investors namely, Singapore’s Vertex Ventures, and Chinese investment firm Qiming Venture Partners.
Investment bank Investarget facilitated the transaction.
Qiming had earlier infused 150 million ($23 million) in NEIWAI’s Series C round in 2019. Prior to that, in 2017, Vertex along with a slew of Chinese investors such as ZhenFund and Qifu had pumped in 70 million yuan ($11 million) in the company’s Series B round.
AustraliaZhenchengGuangdongChinaShanghaiSingaporeJiang-liShanxiQimingSichuanCanadaQifuRural dwellings stand as proud legacies in Fujian By WANG HAO,CAO DESHENG and HU MEIDONG in Yongding, Fujian | China Daily | Updated: 2021-07-15 07:21 Share Tourists photograph tulou in Tianluokeng village, Zhangzhou city, Fujian. HU GUANGHE/XINHUA
In valleys filled with thick vegetation, different-sized circular and rectangular buildings with faded yellow clay walls lie scattered in mountainous villages in Longyan, Fujian province.
Surrounded by captivating mountains and enticing streams, the dark-brown wooden roofs of these tulou, (earthen buildings) in the city s Yongding district look magnificent at sunset.
A type of rural dwelling in Fujian combining accommodations and fortifications, these architectural wonders have attracted attention at home and abroad in recent years. They are arranged in a way that enables them to blend in with their surroundings, providing visitors with breathtaking views and peace and quiet.
ZhenchengGuangdongChinaFujianTianluokengBeijingYongdingAnhuiLongyanZhongkengZhangzhouLin-rigeng