A group of Southeast Asian VCs have committed $12 million to Singaporean automobile marketplace Carro as part of an operational expansion into artificial intelligence (AI)-enabled car financing services.
Xiaoyu Link, a Chinese video communication services provider, has raised a RMB125 million ($18 million) Series B round of funding jointly led by ZhenFund and Zhen Cheng Fund.
Shenzhen Qianhai Dadao Financial Services, a Chinese start-up that specializes in residential property financial services, has raised a RMB200 million ($29 million) Series B round led by Huaxing Capital Partners, the private equity arm of China Renaissance.
Sequoia Capital has led a $15 million Series B round for Indian online travel marketplace Ixigo, with participation by Fosun Kinzon Capital, the investment arm of Chinese conglomerate Fosun International.
China’s National Small & Medium Enterprises Development Fund has led a RMB130 million ($18 million) Series A round for Tianyancha, a Beijing-based business data search firm.
Japan-based SBI investment has led a JPY1 billion ($9 million) Series B funding round for domestic financial technology services company Moneytree.
China-focused GPs CMC Capital Partners and HG Capital have jointly led a RMB180 million ($26 million) Series B round of funding for Newrank, a Shanghai-based media platform.
Suzhou Ribo Life Science, a Chinese drug developer that focuses on liver diseases, has raised a RMB270 million ($40 million) Series B round led by SDIC Fund Management.
Bangkok Bank has launched a start-up accelerator to support financial technology development in Thailand. Hong Kong venture investor Nest will co-manage the program.
Chinese logistics and warehousing robotics developer Geek+ has raised a RMB100 million ($14 million) round of funding led by Vertex Ventures China.
US-based early-stage investor 500 Startups has agreed to establish its Australian headquarters in Melbourne after receiving financial support from the state government of Victoria.
Evolution Media China (EMC) and Shenzhen Capital Group have led a $30 million Series B round for Shenzhen-based education and robotics start-up Makeblock.
The investment arm of Hubert Burda Media, a European technology and media company that has made LP commitments to several Southeast Asia-focused venture capital funds, has opened an office in Singapore.
The Innovation Network Corporation of Japan (INCJ) has teamed up with two pharmaceutical players to invest JPY10 billion ($87 million) in the creation of a biotech spin-out. INCJ will hold a 70.5% stake in the company.
Chinese VC firms are expected to offer value-added services as a way of differentiating themselves from the competition. Are formalized concierge services for founders and their families a step too far?
The Australian government has launched a start-up incubation program in Singapore that will focus on emerging industries, including services, and support new export market opportunities.
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.
Iflix, a primarily Southeast Asia-focused video streaming service that follows a similar business model to Netflix, has raised $90 million in Series B funding led by Liberty Global and Kuwaiti telecom company Zain Group.
Darma Tech Labs, operator of Japanese hardware-focused accelerator Makers Boot Camp, plans to launch a JPY2 billion ($17.5 million) venture capital fund, with Kyoto Bank serving as the anchor LP.
Jenny Lee, managing partner at Sino-US VC firm GGV Capital, discusses supporting start-ups from early through later-stage rounds, and why technology players increasingly need to think internationally
China’s nascent cloud computing industry appears set to replicate a US-style growth trajectory. Venture investment, however, may play a larger role due to a range of cultural and economic differences
Chengwei Capital has led a Series B round of funding for Xin Xi Bao, a Chinese text messaging software developer.
Milton Chou, China growth leader and senior director at GE Ventures, discusses the role of a captive VC firm
Sequoia Capital China has led a $30 million Series B funding round for Hong Kong-based travel services company Klook.