Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zhongheng.
Fairfax Financial Holdings will sell a 12.2% stake in ICICI Lombard General Insurance to a group of PE investors including Warburg Pincus, Tamarind Capital, and IIFL Asset Management.
Everstone Capital has invested $8 million in Indian customer experience management (CEM) solutions provider Servion Global Solutions, raising its total stake in the company to $74 million.
Global and regional private equity firms are increasingly turning their attentions to Vietnam, reassured by the country’s relative economic stability and impressed by the rising number of investable companies.
Investors are looking to tap the massive potential of China’s genomic industry, with a particular focus on companies that leverage large amounts of patient data to support drug development and testing services
Chinese PE-backed co-working space operators UrWork and 5Lmeet – both of which were founded by Daqing Mao, formerly a real estate executive at China Vanke – have raised a total of RMB800 million ($116 million) from conglomerate Beijing Xingpai Group.
Mekong Capital backs the management team that grew and then sold Vietnam express delivery player Tin Thanh Express to repeat the trick with Nhat Tin Investment Trading
Shanghai-based mobile communication app developer Chubao Technology has completed a $100 million Series D round co-led by CCB International, an investment unit of China Construction Bank, and China PE firm HG Capital.
Wish secures an extended Series F round to build out its platform that enables Chinese suppliers to sell cut-price goods to US and European consumers
Co-working spaces are proliferating in Asia as companies – from multinationals to start-ups – opt for more flexible real estate arrangements. The transition is real, but are the valuations justified?
CBC Capital has led a $26 million Series C round for Cloudwise, a Beijing-based application performance management (APM) solutions provider, with participation from SIG Asia and Sequoia Capital China.
Proterra Investment Partners has committed $100 million to FKS Food & Agri, the food and agriculture platform of Southeast Asia’s FKS Group.
SoftBank Group has invested in One97 Communications, the parent company of Indian online payments and e-commerce platform Paytm.
Wish, a San Francisco-based cross-border e-commerce app backed by several Asian investors, has completed a Series F round led by Everbright-IDG Industrial Fund.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $75 million in Indian hospital chain Max Healthcare.
Vietnam’s state-owned enterprise (SOE) privatization initiative continues to produce investment opportunities, but private equity firms must be prepared for a hard sell when negotiating
A palpable new enthusiasm has permeated Vietnam’s sluggish renewable energy sector as rising electricity demand prompts regulatory reform. Private equity is one of the key players
Regional private equity firms are refocusing on Vietnam, widening the exit options for local GPs that specialize in bringing companies to scale. But sizeable deals are scarce and valuations are rising
Canada Pension Plan Investment Board (CPPIB) has committed $500 million to IndoSpace Core, a joint venture focused on acquiring and developing logistics facilities in India.
Mekong Capital has invested in Nhat Tin Investment Trading Development, a Vietnam-based express delivery company founded by a team that previously exited a similar business to Kerry Logistics.
Hillhouse Capital has led a RMB380 million ($55 million) Series C round of funding for Yitu Technology, a Shanghai-based artificial intelligence (AI) technology developer.
CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
SoftBank Group contributed $5 billion of the $5.5 billion funding round announced at the end of last month by China-based ride-hailing app operator Didi Chuxing – almost certainly the largest single investment in a Chinese internet company.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $100 million investment in India-listed non-banking financial company (NBFC) Mahindra & Mahindra Financial Services (MMFSL).