Convergence Ventures, an early-stage venture capital firm based in Indonesia, has agreed to a financial and strategic partnership with Chinese search and web services giant Baidu.
The partnership will allow for both sides to trade technical resources and expertise, according to a statement. Convergence's portfolio companies can tap Baidu's knowledge and send founders to China for...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.