Tongbanjie, a Chinese online finance mobile app, has receive more than $10 million in a Series A round of funding led by IDG Capital Partners.
Greater China | 11 Dec 2013 |
Citrus Payment Solutions has raised a $5.5 million Series B round from Japanese investors econtext Asia, an online payments company, and Beenos. Existing investor Sequoia Capital also participated in the round.
South Asia | 09 Dec 2013 |
China Cinda Asset Management, a company originally set up to absorb non-performing loans (NPLs) from China’s Big Four state-owned banks, has priced its IPO at the top end of the indicative range and is on course to raise $2.5 billion. It will be Asia’s...
Financials | 05 Dec 2013 |
Crescent Capital Partners-owned travel insurer Cover-More Group is targeting a A$521.2 million ($475 million) IPO on the Australian Securities Exchange.
Exits | 03 Dec 2013 |
MBK Partners is said to have teamed up with BS Financial Group to place a final bid for Woori Finance Holdings’ non-performing loans business. This is the second part of a three-phase auction intended to finally dispose of the Korean government’s...
Financials | 03 Dec 2013 |
Carrier billing provider Coda Payments has raised $2.3 million in Series A funding from GMO Global Payment Fund, Rakuten Ventures, CyberAgent Ventures, and return backers Golden Gate Ventures and Skype co-founder Toivo Annus.
Southeast Asia | 03 Dec 2013 |
ICICI Venture has committed INR1.4 billion ($22.4 million) to BTI Payments for a significant stake in the ATM and point-of-sales (POS) services contractor.
South Asia | 02 Dec 2013 |
Blackbird Ventures has invested A$250,000 ($227,645) to lead a A$500,000 round of funding for Melbourne-based CoinJar, a bitcoin wallet and exchange provider. Angel investors in the round include RetailMeNot founders Guy King and Bevan Clark and game...
Australasia | 02 Dec 2013 |
Hitachi will acquire all issued equity of India’s Prizm Payment Services from Sequoia Capital, Axis Bank and other shareholders. Financial terms of the deal were not disclosed.
South Asia | 27 Nov 2013 |
Norway’s sovereign wealth fund and Oaktree Capital Management are two of 10 cornerstone investors that will cover up to 44% of China Cinda Asset Management Corp’s IPO. The company, originally set up to absorb non-performing loans (NPLs) from China’s...
Financials | 25 Nov 2013 |
PE-backed China Cinda Asset Management Corp, one of four groups set up to absorb non-performing loans (NPLs) from the country’s Big Four state-owned banks, is expected to raise up to $2.5 billion in its Hong Kong IPO.
Exits | 22 Nov 2013 |
“It is in some ways easier to buy things in China using bitcoin than it is using traditional fiat currency,” says Dan Ciporin, partner at the VC firm Canaan Partners.
Financials | 20 Nov 2013 |
China’s largest bitcoin exchange by trading volume, BTC China, has raised $5 million in Series A funding from Lightspeed China Partners and Lightspeed Venture Partners.
Greater China | 19 Nov 2013 |
Chinese peer-to-peer financing platform Yooli.com has received $10 million in Series A funding from Softbank China Capital. The platform launched in February but already has nearly 100,000 registered users and has transacted more than RMB264 million ($43...
Financials | 18 Nov 2013 |
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben...
Southeast Asia | 14 Nov 2013 |
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India's private equity industry is in a state of transition, and only funds that are nimble on their feet and adaptive will ultimately survive. Find out what you need to navigate India's changing landscape at the 14th Annual AVCJ Private Equity & Venture India Forum on 5-6 December. Last year's Forum was attended by more than 250 top executives coming from 15 different countries and territories around the globe. Over 50 LPs joined the event, including dozens of foreign investors looking to increase their allocations to India or to invest in the country for the very first time. The conference featured in-depth analysis about India's private equity industry with sessions that covered topics ranging from confronting the difficult exit and fundraising environment, to understanding regulatory changes, to predicting where the industry will likely be in 2015.
Date: 5-6 December 2013
Venue: Tal Lands End, Mumbai
Join us at the 11th Annual AVCJ Private Equity & Venture Australia and New Zealand Forum on 5-7 March at the Four Seasons Hotel in Sydney to find out how funds of varying size are raising capital, sourcing deals and exits, as well as all you need to know to effectively navigate Australasia's changing alternative asset landscape.
After a decade-long mining boom the economy is experiencing a loss of momentum and the resulting deal flow reduction and lack of value in the market means GPs are chasing many of the same acquisition targets. That said, the exit market is recovering with both IPOs and M&A activity picking up, and an increase in LPs appetite for the asset class, and the recent government change means that the industry is cautiously optimistic for the future and expecting a rise in activity over the next 12 months.
, Four Seasons Hotel, Sydney