Ruigang Li forged a career with Shanghai Media Group and then left to start media-focused private equity firm CMC Capital Partners. He explains why capital is entering the sector and where...
Media | 29 Oct 2015
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs
Technology | 29 Oct 2015
GrabTaxi started out as an entry in business plan contest at Harvard Business School in 2011, where it placed second. Co-founder and CEO Anthony Tan explains how it has become Southeast Asia’s leading ride-hailing company
Technology | 29 Oct 2015
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
Greater China | 27 Oct 2015 |
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has invested INR2.16 billion ($33 million) in cosmetics developer Hygienic Research Institute (HRI).
South Asia | 27 Oct 2015 |
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
South Asia | 26 Oct 2015 |
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
South Asia | 23 Oct 2015 |
The Carlyle Group has exited its position in Natural Beauty Bio-Technology though a management buyback, prompting a group led by the founder and chairwoman to submit a takeover bid for the Hong Kong-listed business.
Exits | 23 Oct 2015 |
GGV Capital is planning to raise up to $1.1 billion across three vehicles – a core venture fund, a top-up vehicle and an early-stage fund – that will target start-up and growth-stage technology deals in China and the US.
Fundraising | 23 Oct 2015 |
US venture capital firm Formation 8 has led a $15 million Series A round for Singapore-based on-demand grocery delivery start-up Honestbee.
Southeast Asia | 22 Oct 2015 |
Opinio, a hyperlocal delivery start-up based in India, has raised $7 million in a Series A round led by Indian logistics firm Delhivery. Sands Capital Ventures and existing investor Accel Partners also participated.
South Asia | 22 Oct 2015 |
CITIC Capital Partners has acquired Japanese footwear company Akakura for an undisclosed sum.
Buyouts | 22 Oct 2015 |
KKR joins Alibaba Group and Ping An Group in backing 58 Daojia, an online-to-offline local services platform that is tipped to match Didi Kuaidi and Dianping-Meituan for size
Expansion | 20 Oct 2015
Matrix Partners has led a $5 million Series A round of funding for Klook, a Hong Kong-based online travel start-up.
Greater China | 19 Oct 2015 |
Alibaba Group is looking to take full ownership of Chinese online video platform Youku Tudou in a deal that values the US-listed company at approximately $4.2 billion.
Exits | 16 Oct 2015 |
Updating your subscription status
The Australasian alternative assets industry is evolving and this is creating a new set of challenges for participants. Funds seeking new commitments typically require the lion share to be from offshore, the deal environment is competitive and in general market activity has slowed reflecting the regions overall macro-economic story. However, a handful of funds have had successful fundraises and it is clear that the GPs that measure up when benchmarked on a global stage will continue to drive the domestic industry forward.
This is an intriguing time as Australasian PE matures. Succession planning strategies, sourcing offshore commitments, creating a team that can deliver real operational value, customising the PE model and finding attractive investment and exit opportunities in a slow market are all key topics for debate.
Join over 300 attendees in Australia when industry leaders from across the globe meet for 2 days of high level debate and set the agenda on domestic, regional and global issues.
2-4 March 2016, The Westin Hotel, Sydney
Heading into its 15th consecutive year, the AVCJ China, Private Equity and Venture Forum, is built to be the premier gathering for the most influential private equity professionals, government officials, regulators, global investors and senior executives to meet for two days of mind-provoking debate, in-depth discussion on market trends, networking and more.
Join this annual signature event for the Private Equity and Venture Capital industry in Beijing. With over 300 leaders, from across the globe, converging to grasp the latest investment opportunities available, in the world's second largest economy.
9-10 March 2016, China World Summit Wing, Beijing