US-based healthcare specialist investor OrbiMed once again raises the bar with the closing of its oversubscribed third Asia fund
US-based healthcare specialist OrbiMed started its Asian operations in 2007 and raised a $188 million regional fund the following year. A second vehicle of $325 million closed in 2014, with LP commitments...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.