CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.
A group of investors including GSR Ventures has committed $15 million to C3Nano, a US-based supplier for the touchscreen and digital display industry looking to expand its footprint in China and Korea.
Banuba, a Hong Kong-based developer of technologies for augmented reality (AR) mobile applications, has raised $5 million from VP Capital and Larnabel Ventures.
Indonesian hotel reservation services provider Nida Rooms has raised a $5.6 million Series A round of funding led by China’s Shanda Group.
Beijing-based Anxin Doctor, a mobile app focused on pediatric and women's healthcare, has completed a RMB200 million ($29 million) Series B round of funding across two tranches.
Ant Financial, the financial services affiliate of China’s Alibaba Group, has agreed invest $200 million in a dedicated mobile finance platform that will soon be launched by South Korean internet giant Kakao Corp.
China’s iQiyi.com, a video-streaming platform majority-owned by search giant Baidu, has raised $1.53 billion from a group of private equity investors through the sale of convertible notes.
Jenny Lee, managing partner at GGV Capital, discusses the venture capital environment in China
Singapore’s Temasek Holdings has made a strategic investment in Mobike, a Chinese smart bike rental services start-up, while existing backer Hillhouse Capital has also re-upped.
Chinese B2B hotel booking platform Haoqiao.cn has raised RMB120 million ($17 million) in an extended Series B round led by the government-backed National SME Development Fund and China Merchants Capital.
Japanese e-commerce company Mercari has agreed to acquire domestic competitor Zawatt, setting up an exit for a number of venture capital backers.
Global Brain has led a Series A funding round of undisclosed size for Trillium, a Japanese cybersecurity company focused on the emerging autonomous vehicle industry.
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
Hillhouse Capital and FountainVest Partners are seeking to buy Zhaopin in a deal worth more than $1.1 billion, working in partnership with Australia’s Seek, the majority shareholder in the Chinese recruitment website.
Insurance Australia Group (IAG) has agreed to establish a financial technology incubator in Singapore to focus on promoting start-ups targeting innovation in the insurance industry.
Singapore-based investor CapBridge Investment Trust (CIT) is targeting $100 million for a growth-stage VC fund that aims to improve access to established start-ups for institutional investors.
China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
Chinese search giant Baidu has acquired Beijing-based Raven Tech, an artificial intelligence (AI) start-up backed by several VC investors, for an undisclosed sum.
Singapore's CXA raises $25 million in Series B funding to build out its benefits model that helps both companies and employees fight their healthcare battles more efficiently
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
Northern Light Venture Capital (NLVC) has led an $18 million Series A round of funding for Ms. Paris, a Chinese online fashion rental company.
Rokt, an Australia-based start-up that provides digital marketing services to e-commerce companies, has received a $15 million Series B round of funding led by Moelis Australia Asset Management.