China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
Ctrip, a listed travel services firm based in China, has agreed to invest $180 million in MakeMyTrip, India's largest online travel agency.
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
Sam Gellman, general manager of Uber Hong Kong, says the ride-hailing company expects China to be an even bigger market for it than the US in the next year.
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
CHAMP Ventures acquires New Zealand outdoor apparel and equipment supplier Macpac with a view to replicating the success it has enjoyed with Lorna Jane
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
Sequoia Capital has led a INR400 million ($6 million) round for Indian brewer B9 Beverages, the makers of the craft beer brand Bira 91.
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Creador has acquired a 6.56% stake in 7-Eleven Malaysia Holdings, the country’s largest convenience store chain with more than 1,900 stores, for around MYR108.8 million ($25.3 million).