Tuniu, a US-listed Chinese online package tour provider, has agreed to raise $500 million through a private placement to e-commerce giant JD.com and several of its existing PE and VC backers.
PIPEs | 11 May 2015 |
Crescent HydePark - a unit of Crescent Group - has led a $50 million Series B round of funding for Guo.com, a Chinese online retail platform for maternity and baby products.
Greater China | 11 May 2015 |
Chinese online marketplace 58.com has acquired local recruitment site ChinaHR.com from its parent company Sangroup, an Irish recruitment firm.
Greater China | 11 May 2015 |
Nexus Venture Partners has closed its fourth India venture capital fund at $304 million and raised a further $130 million for a top-up fund focusing on later-stage investments in existing portfolio companies.
Fundraising | 11 May 2015 |
US early stage investor Mayfield has led a INR210 million ($3.3 million) Series A round of funding for Poncho Hospitality, the start-up behind Indian quick service restaurant (QSR) chain and on-demand food delivery services firm Box8.
South Asia | 08 May 2015 |
Tiger Global has led a Series D round for Indian e-commerce logistics service Delhivery that netted the company $85 million. Existing investors Multiples Alternative Asset Management, Nexus Venture Partners and Times Internet also participated.
South Asia | 07 May 2015 |
Japan’s Recruit Holdings has acquired UK-based Hotspring Ventures, the company behind online hair and beauty marketplace Wahanda, for JPY4.5 billion ($37.6 million), providing an exit for the company’s VC backers.
Europe | 07 May 2015 |
CITIC Capital has acquired Japanese women's apparel company Mark Styler for an undisclosed sum.
North Asia | 06 May 2015 |
Indian apparel retailer Numero Uno Clothing has filed for an IPO, hoping to raise INR650 million ($10 million) and providing a partial exit for its backer, AA Indian Development Capital Advisors.
South Asia | 06 May 2015 |
Warburg Pincus has led a $100 million Series D round of funding for eDaijia, a Chinese mobile-based service that connects users with temporary drivers for their vehicles. Two existing investors, Matrix Partners China and Lightspeed China Partners, are...
Expansion | 06 May 2015 |
China's Morning Crest Capital has led a A$6.5 million ($5.1 million) investment in Australian local services marketplace Airtasker.
Consumer | 06 May 2015 |
There are more than 2,500 retailers on Tmall, Alibaba Group’s business-to-consumer (B2C) e-commerce platform, claiming to sell products made by Chinese sportswear brand Li-Ning.
Consumer | 06 May 2015
NewMargin Ventures has led a $200 million Series B round for Panshi Information Technology, valuing the Chinese digital marketing platform at $1 billion.
Greater China | 05 May 2015 |
Japan's Gree Ventures and East Ventures have led a undisclosed Series A round investment in Indonesian online-to-offline (O2O) e-commerce start-up Kudo.
Southeast Asia | 05 May 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo