Cathay Innovation, a VC affiliate of Cathay Capital Private Equity, has led an extended Series B round for Momenta, a Chinese start-up that develops road sensors and mapping software for self-driving cars, with participation from GGV Capital.
Canada Pension Plan Investment Board (CPPIB) has committed up to $500 million to Alpha Data Centre Fund (ADCF), a data center-focused PE fund managed by Singapore conglomerate Keppel Group.
Singapore’s Temasek Holdings has jointly led a $78.2 million Series C round for Tongdun Technology, a China-based third-party risk control services provider, in conjunction with Cinda Sinorock and Tiantu Capital.
Hong Kong-based delivery start-up Lalamove - also known as Huolala in mainland China - has completed a $100 million Series C round of funding led by Chinese VC firm Shunwei Capital.
Deliveree, a Southeast Asia-focused last-mile logistics marketplace, has raised a $14.5 million Series A round of funding led by Gobi Partners.
Advantage Partners has agreed to sell Customer Relation Telemarketing (CRTM), a call center business it acquired three years ago, to fellow Japanese private equity firm Integral Corporation.
Epsilon Venture Partners and IL&FS Investment Managers (IIML) have led an $8 million Series A round for Indian agricultural logistics player Farm Taaza Produce.
India-based business management services provider Newgen Software Technologies has filed for an IPO that will provide exits for Ascent Capital, IDG Ventures India and SAP Ventures.
Chinese ride-hailing app operator Didi Chuxing has invested $200 million in Renrenche, a local consumer-to-consumer used-car trading platform, which is backed by several VC investors.
US-listed Chinese recruitment site 51Job has agreed to acquire a 60% stake in industry peer Beijing Lagou Network Technology, which is backed by Qiming Venture Partners and other VC investors, for $119 million.
Planned partial exits for investors in Best Inc. were shelved as the Alibaba Group-backed Chinese logistics operator raised a lower-than-expected $450 million in its US IPO. The stock increased 5% on debut.
Tower Capital Asia is supporting a take-private bid for Poh Tiong Choon Logistics that values the Singapore-listed company at approximately S$275 million ($204 million).
QianbaoCard, a Shanghai-based start-up that provides financial services to local merchants and consumers, has raised a RMB1 billion ($152 million) Series B round of funding from Banyan Capital and other domestic investors.
Despite coming in as a minority investor, ChrysCapital has been key to the overseas expansion of US-based LiquidHub. The firm credits its active collaboration and unique connections
Power2SME, an Indian online services provider for companies in the manufacturing space, has received $36 million in Series E funding, primarily from existing VC investors.
Energy storage has the potential to benefit Asia’s renewable power developers and traditional utilities, but regulatory obstacles must be removed first. PE can help the industry over its current hurdles
A string of private equity investors are set for partial exits as Best Inc, a Chinese logistics operator backed by Alibaba Group, looks to raise up to $1.07 billion in its New York Stock Exchange IPO.
Online logistics platforms GoGoVan and 58 Suyun have combined their complementary business models to fuel their Asia expansion plans
The International Finance Corporation (IFC), the investment arm of the World Bank, has invested $10 million in Indian business-to-business e-commerce start-up Power2SME.
Abcfintech, a China-based cloud services provider, has raised a combined $30 million through an angel round and Series A round.
Freshworks, an India and US-based cloud business software developer with several VC backers, has acquired Indian marketing software start-up Zarget.
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
Hong Kong-based GoGoVan, a VC-backed logistics start-up, and 58 Suyun, a freight unit of Chinese online-to-offline local services platform 58 Daojia, have agreed on an all-share merger that will create Asia’s largest online platform in the intra-city...
Warburg Pincus has led an extended Series B round worth RMB130 million ($19 million) for GaiaWorks, a China-based software-as-a-service provider of workforce management solutions, with participation from Matrix Partners China and Genesis Capital.