Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
Chinese online hotel booking site eLong has agreed to buyout led by a consortium of existing shareholders, including Tencent Holdings and Ctrip. The deal values the company at approximately $647 million.
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.
A Chinese consortium featuring Qihoo 360 Technology – which recently agreed a $9.3 billion private equity-backed take-private – is poised to acquire Norway-headquartered internet browser developer Opera Software for $1.2 billion.
Kingsoft Cloud Group, a cloud computing unit owned by China’s Kingsoft, has raised $60 million in a Series C round of funding from a group of investors including IDG Capital Partners.
Emerging markets property portal Lamudi has raised EUR29 million ($31.4 million) from its main backer, Germany's Rocket Internet, and several additional investors.
SBI Investment, the VC arm of Japan's SBI Holdings, has agreed to lead a Series B round for US-based bitcoin exchange Kraken.
Dada Bus, a mobile-enabled provider of bus services in China, has raised RMB173 million ($26 million) in a round led by a Shenzhen-listed construction materials manufacturing company.
Chinese internet giant Alibaba Group has led a $793.5 million Series C round for Magic Leap, a Florida-based augmented and virtual reality (VR) technology developer.
Wipro Ventures, the strategic investment arm of Indian technology company Wipro Group, has led a $4 million Series A round for internet development platform provider Altizon Systems.
Catalyst CEL Fund, which is managed by Hong Kong-based asset manager China Everbright and Israel’s Catalyst Private Equity, has beaten its initial target of $200 million.
Hong Kong ranks low in a new study of global start-up ecosystems, but has the potential to fly high. A mixture of policy, patience and positive attitude is required
India’s government has made promising signals about its willingness to engage the venture capital community. GPs are optimistic, but reservations remain about the details
OCBC's mezzanine capital unit and RRJ Capital both secure nearly 3x returns as China-based Tsingda eEdu Corp positions itself for a domestic listing
Having raised $459 million for its latest venture capital fund, SBCVC is tracking the latest developments in China technology with a focus on robotics and advanced industrial applications
Hong Kong's start-up ecosystem is expanding rapidly from a low base and was the fifth fastest-growing ecosystem globally last year, according to a new report.
Venturra Capital has led a $12 million Series A round for Malaysia-based gym membership app KFit.
We Doctor Group, a Chinese online healthcare information portal formerly known as Guahao.com, has raised a further $20 million from Shanghai-listed property developer Shandong Tyan Home.
Hua Capital Management, CITIC Capital and Goldstone Investment have completed their acquisition of US-listed chipmaker OmniVision Technologies in a deal worth $1.9 billion.
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
Mezzanine Capital Unit (MCU), a PE investment unit under Singapore’s OCBC Bank, has sold its stake in China education service provider Tsingda eEdu, generating nearly 3x return on a $20 million investment made in August 2014.
Everbright ReinFore, a private equity arm under China Everbright Group, has led a Series B round of funding for Huasheng Finance, a Chinese online lending platform.
Rakuten Ventures, the corporate VC arm of Japanese e-commerce giant Rakuten, has launched a JPY10 billion ($84 million) fund targeting start-ups in Japan.