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.
Indian cloud data security and information management solutions provider Druva has raised an $80 million funding round from investors including Sequoia Capital India and Nexus Venture Partners.
Chinese B2B truck logistics platform Huochebang has received $56 million in the third tranche of a Series B funding round led by existing backer All-Stars Investment and joined by a number of undisclosed existing investors.
A group of venture capital investors including YJ Capital and Fenox Venture Capital has led a JPY700 million ($6.4 million) funding round for Japanese global outsourcing service developer Monstar Lab.
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Advantage Partners has completed a full exit of Hong Kong-based and China-focused facility management services company ESG Holdings. It was the Japan-focused firm's first China buyout.
Asia’s booming online economies have created unprecedented demand for data center services, but private equity investors still must determine the best way to approach the industry
EM3 AgriServices, a venture capital-backed equipment and operational support provider for the Indian farming industry, has raised a $10 million Series B funding round.
Amid the proliferation of co-working spaces in Asia and soaring valuations, investors must prepare for the inevitable industry shakeout