Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
The size of the deal was not disclosed. Daojia’s most recent third-party investment came in late 2014, when domestic online retailer JD.com and Macquarie Capital led a Series D round worth $50 million....
Beyond Ventures and Chinese internet giant Alibaba Group have led a $40 million funding round for Hong Kong-based genetic testing and wellness start-up Prenetics.
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund based in the United Arab Emirates, has committed $1 billion to the Indian government’s National Investment and Infrastructure Fund (NIIF).
Australian private equity firm ROC Partners has teamed up with the state government of New South Wales and pension fund First State Super to launch a A$150 million ($118 million) equity fund targeting small to medium-sized enterprises (SME).
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.