The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.
A group of investors including GSR Ventures has committed $15 million to C3Nano, a US-based supplier for the touchscreen and digital display industry looking to expand its footprint in China and Korea.
Ant Financial, the financial services affiliate of China’s Alibaba Group, has agreed invest $200 million in a dedicated mobile finance platform that will soon be launched by South Korean internet giant Kakao Corp.
China’s iQiyi.com, a video-streaming platform majority-owned by search giant Baidu, has raised $1.53 billion from a group of private equity investors through the sale of convertible notes.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of $60 million to IDS Medical Systems, a Hong Kong-based healthcare industry supplier for Southeast Asia.
Singapore’s Temasek Holdings has made a strategic investment in Mobike, a Chinese smart bike rental services start-up, while existing backer Hillhouse Capital has also re-upped.
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has committed an initial $50 million to a planned $1.3 billion development in gas fields off the coast of Israel.
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
Despite the rise of non-banking finance companies, traditional banks in emerging markets still appeal to impact investors. Using them to their potential means adapting to each market
Chinese private equity firm HG Capital has led a RMB160 million ($23 million) round of funding for Beijing Nuokangda Pharmaceutical Technology, a contract research organization (CRO).
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
Trax Image Recognition closes in on a $250 million valuation as Investec Bank backs the Singapore's start-up's solution for giving brands a clearer picture on what shelf positioning means for sales
G7, a Chinese manufacturer of smart devices for use in the logistics sector, has raised $45 million from China Development Bank Capital (CDB Capital) and Singapore-listed warehouse operator Global Logistic Properties (GLP).
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Singapore should make it easier for venture capital firms to establish themselves locally and take steps to attract more private equity investors to the country as part of efforts to fill the funding gap, a government-appointed panel has recommended.
Warburg Pincus has led a $100 million Series D round for Yunniao Distribution, a platform for sourcing intercity courier services in China, followed by existing investors Matrix Partners and GSR Ventures.
Lamabang, a Chinese parent-focused social platform backed by several VC investors, has raised a Series D round of funding from local home appliance retailer Suning Commerce.
Grab will invest $700 million in Indonesia over four years with a view to developing more localized solutions that support the development of its core ride-hailing business as well as promote financial inclusion
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.