Sailing Capital has provided $60 million in Series C funding to artificial intelligence (AI) and deep learning technology start-up Sense Time, less than six months after the Beijing-based company announced its previous round.
Source Code Capital, a Chinese VC firm founded by Yi Cao (pictured), a former partner at Sequoia Capital, has closed its third US dollar-denominated technology fund at $260 million.
CITIC Securities has led a $400 million funding round - with participation from CDH Investments and National Venture Capital - for China and US-based electric vehicle (EV) supplier Microvast Power Systems.
US venture capital firm Technology Crossover Ventures (TCV) has invested NZ$28.5 million ($20 million) in New Zealand-listed accounting software company Xero. It will facilitate a partial exit for existing backer Matrix Capital.
Addor Capital has led a $12 million pre-Series B round for Yeecall, a Chinese mobile app that allows users to make free voice and video calls, with participation from existing investors including Sinovation Ventures.
China's Haiyin Capital and the US-based National Council of Entrepreneurial Tech Transfer (NCET2) have jointly launched a VC fund to provide capital to start-ups formed at American universities.
Malaysia’s public sector pension fund, KWAP, has joined Innovation Network Corporation of Japan (INCJ) and Khazanah Nasional in backing the spin-out of an infrastructure unit of Southeast Asian telecom company Axiata.
Wei Zhou (pictured), formerly a managing partner at KPCB China, has launched a new VC firm – China Creation Ventures – and closed his debut renminbi-denominated fund at RMB1.5 billion ($220 million).
Alibaba Group's Ant Financial has raised its takeover bid for US-listed financial services company MoneyGram, topping a competing offer made by US-based Euronet Worldwide last month. The sale will provide an exit for Thomas H. Lee Partners (THL).
Indian ride-hailing app operator Ola has raised INR16.75 billion ($259 million) in funding at a pre-money valuation of approximately $3 billion – compared to $5 billion for the company’s previous round in 2015.
Philippines-based financial technology company First Circle has received $2.5 million from a group of VC firms, including a seed stage investment unit of emerging markets microfinance group Accion International.
Venture capital has come to the fore in Indonesia, propelled forward by the attractions of a youthful population, rising disposable incomes and growth in smart phone adoption
Susquehanna International Group’s SIG Asia Investments has led a $22 million Series B round of funding for Yunxuetang, a Chinese cloud-based vocational training platform that works with companies like China Mobile and Lenovo.
Australia’s Blackbird Ventures has led a A$5 million ($3.7 million) Series A funding round for Fleet, a domestic space technology start-up targeting growth in the internet of things (IoT) industry.
Sino IC Capital, a technology-focused private equity fund manager backed by the Chinese government, has agreed to acquire US semiconductor and electronics manufacturer Xcerra in a deal that values the company at about $580 million.
SDIC Fund Management has agreed to invest $47 million in US-listed energy storage and delivery solutions developer Maxwell Technologies.
The corporates and family groups that dominate Indonesia’s economy are becoming increasingly active in the VC space. To independent GPs, they are more friend than foe, but agendas and approaches vary
Mitsui & Co has agreed to invest JPY1.3 billion ($11.7 million) in Renoveru, a VC-backed start-up focused on online services in Japan’s home renovations market.
Indian e-commerce giant Flipkart has confirmed an investment of $1.4 billion from Microsoft, eBay, and China’s Tencent Holdings at a post-deal valuation of $11.6 billion, down from $15 billion as of its previous round.
Volkswagen's China unit has agreed to invest $180 million in Beijing-based Mobvoi, a venture capital-backed start-up that is developing artificial intelligence (AI) technology for the automotive sector.
Hillhouse Capital and FountainVest Partners, along with Australia’s Seek International, have agreed to buy US-listed Chinese recruitment website Zhaopin in a deal that values the company at $1.01 billion.
Creador has exited its stake in Malaysian financial technology company GHL Group to Actis after scanning a field of strategics and deciding PE was the best backer for the sector
Warburg Pincus has led a $180 million Series D round of funding for Chinese online second-hand car trading platform Souche, less than five months after the company’s previous round worth $100 million.
Eight Roads Ventures has led a group of investors in a Series C round of funding for Mama+, a social networking and e-commerce platform focused on China’s mother-and-baby market.