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.
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.
Daniel D'Aniello, co-founder and chairman emeritus of The Carlyle Group, discusses the evolution of private equity
Hong Kong plans to increase funding to two local incubation programs – Cyberport and Hong Kong Science & Technology Park (HKSTP) – in the expectation they will play a leading role in the drive to turn the territory into an innovation hub.
Source Code Capital has led a $32 million Series C round of funding for Edianzu, a Chinese start-up that rents out computers and other office equipment to corporate customers.
Singapore-based VC firm Hatcher and Australian accelerator BlueChilli will jointly invest a $125 million exchange-traded fund that will back 240 start-ups globally over the next three years.
KKR has completed a platform investment in China’s digital marketing space, bringing together four local companies to provide a one-stop service covering everything from advertising to analytics.
Carpet Court’s attractive growth plan was held back by its structural weaknesses. Under the ownership of Allegro Funds, the company has new focus as the leader in New Zealand’s fragmented flooring industry
ADV Partners has invested INR6.85 billion ($105 million) in Indian infrastructure project advisory firm Feedback Infra.
Beijing Infervision, a Chinese company that develops medical imaging technology empowered by artificial intelligence (AI), has raised RMB300 million ($47 million) in funding from investors including Xianghe Capital.
SBI Investment has made the first investment from its artificial intelligence (AI) and blockchain technology fund, leading a JPY1.1 billion ($10.3 million) round for Japan’s Ascent Robotics.
Insight Venture Partners has led an $18 million Series C funding round for US and India-based financial technology company Chargebee.
With a market focus and a user acquisition mechanism that differentiate it from other Chinese news and video apps, Qutoutiao impressed Tencent Holdings enough to secure a $200 million Series B round
Advisory firms focused on private equity secondaries are confident that Asia will fulfill its potential as an expansion market for their services. They will not be able to effectively seize the opportunity remotely
Global PE firms are launching impact funds tailored to appeal to institutional investors that have so far largely ignored the space. There will be growing pains, but the benefits should be wide-ranging
Sunny Education, a China-based K-12 online education platform which operates under the 17zuoye brand, has raised $250 million in a Series E round led by existing investor Temasek Holdings.
Hunliji, a China-based online wedding services provider, has raised $65 million in a Series C round of funding led by Orchid Asia Group.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
Asian PE investors must accustom themselves to longer holding periods and more aggressive value creation initiatives if they are to achieve their target returns in a pricey market, according to Bain & Company.
CLSA Capital Partners (CLSA CP) has acquired Moa Group, a Japanese online retailer primarily focused on household appliances.
More Chinese technology companies have developed capabilities to expand overseas with a view to acquiring new customers that can support growth and strengthen their leading positions at home, industry participants told in AVCJ China Forum.
Mobile payment represents a “big inflection point between China and the rest of the world,” underlining how the country has become a leader in technology, according to Victor Koo, founder of video streaming platform Youku.