Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.
Capital Float, an online lending platform for small and medium-sized enterprises (SME) in India, has raised $45 million in a Series C round of funding led by Silicon Valley-based VC firm Ribbit Capital.
Cambricon Technologies, a Beijing-based artificial intelligence (AI) developer, has raised a $100 million Series A round of financing from Lenovo Capital & Incubator Group (LCIG), and an investment unit owned by Alibaba Group.
Hancom, a South Korea-listed software developer, has raised KRW60 billion ($53 million) from two private equity firms.
China-focused private equity firm CDH Investments has agreed to invest in US-based SharkNinja, taking a significant stake in the small home appliances supplier for an undisclosed sum.
Chinese B2B truck logistics platform Huochebang has received $56 million in the third tranche of a Series B funding round led by existing backer All-Stars Investment and joined by a number of undisclosed existing investors.
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
State-owned telecom group China Unicom said it will raise RMB78 billion ($12 billion) from private and state investors – including domestic technology companies, Qianhai FoF and China Structural Reform Fund – in response to the government’s mixed-ownership...
Lilly Asia Ventures, Arch Ventures and Temasek have backed the expansion of Just Biotherapeutics' China-based manufacturing and research operation
Zai Lab, a Chinese drug developer backed by several venture capital investors, has filed for a US IPO. The company has yet to indicate how many shares it plans to sell or at what price.
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
China-based cancer drug developer Antengene Corporation has completed a $21 million Series A round of funding led by Qiming Venture Partners.
EmergeVest has secured its debut exit with a $400 million trade sale of denim and garment maker JD United Manufacturer
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Shanghai-based Ankon Medical Technologies, which develops medical equipment for gastric examination, has raised a $100 million round of funding from investors including SBCVC.
H Capital has led a $150 million Series C round of funding for Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu.
Mailman, a sports-focused digital marketing agency in Shanghai, has completed an extended Series A round of funding worth $3 million from Yao Capital and Kaixing Capital.
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
Hony Capital, Foxconn Ventures and Temasek Holdings have agreed to acquire a combined 18% stake in PCCW International OTT, a video-streaming subsidiary of Hong Kong telecom giant PCCW, for $110 million.
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.
Chinese VC firm Yunqi Partners has led a RMB165 million ($25 million) extended Series B round for Baibu, a textile and fabrics B2B trading platform.
Qiming Venture Partners has led a $20 million round for New Horizon Health, a Chinese start-up that develops cancer screening technology, with participation from existing investors Legend Capital and SBCVC.
China’s dairy industry has experienced a dramatic fall from grace, driven by overhype at home and lower prices overseas. Investors that got in at the top of the market are considering their options
Bitsmedia Holdings' Muslim Pro app is highlighting new marketing potential in growing Muslim populations. CMIA Capital Partners and Malaysia's Affin Hwang Asset Management have taken a controlling stake in the company