Joy Capital, a Chinese VC firm that spun out from Legend Capital, has led a RMB700 ($105 million) Series D round for Shanghai ShopEx Network Technology, an e-commerce software and services provider.
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia
Mid-market private equity firm J-Star has exited its entire holding in Japanese document scanning company Primagest to local financial services conglomerate Orix Corporation.
Yunfeng Capital has invested in Beijing Davost Tourism & Cultural Creativity, a provider of resorts management and other support services to the Chinese tourism industry.
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.
UrWork, a Chinese co-working space operator with a number of private equity backers, has received a $29.4 million investment from domestic conglomerate Beijing Love & Health Group.
Best Inc, a Chinese logistics operator backed by Alibaba Group and a string of private equity investors, has filed for a US IPO. No details have been given as to the size and pricing of the offering.
IFM Investors has joined a A$24 million ($18.2 million) investment in GetSwift, an Australia-listed and VC-backed software provider focused on the logistics sector.
Lightspeed India Partners has led a $4 million Series A round for Indian human resources (HR) services platform operator Darwinbox.
Emerging Markets Investment Advisers (EMIA) has acquired a significant minority stake in the Cambodia division of iCare Benefits, a Singapore-based company that provides employers with worker benefit programs.
Bigger, a Beijing-based co-working space operator established by Hong Kong-listed property developer Modern Land, has completed a $18 million Series A round led by an investment unit of real estate company Hongfu Group.
Sapphire Ventures has led a $20 million Series C funding round for Australian business analytics services provider Culture Amp.
Nexus Venture Partners and Founders Fund have committed $7 million in Series A funding to Indian location-tracking tool developer HyperTrack.
China-based cloud computing platform QingCloud, which is backed by several VC investors, has raised a new round of renminbi-denominated funding worth RMB1.08 billion ($160 million).
Wuxi Huayun Data Technology Service, a Chinese cloud computing infrastructure provider, has raised RMB1.5 billion ($220 million) in a pre-IPO round from a group of domestic investors.
Warburg Pincus has invested $300 million in Princeton Growth Ventures (Princeton GV), a telecom, media and technology (TMT) buy-out platform that seeks to acquire assets in emerging markets.
Chinese intercity courier services provider Shansong has secured an extended Series C round of funding led by Shunwei Capital Partners and Chinese retailer Beijing Hualian Group.
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.
Lechebang, a Chinese online automobile services platform focused on after-sale services, has completed a RMB300 million ($44 million) Series B round led by Grand Flight Investment.
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
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?