Consumer
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Qiming commits $10m to China car rental platform Zuzuche
Qiming Venture Partners has invested $10 million in a Series A round of funding for Zuzuche.com, a Chinese third-party car rental platform.
Archer seeks Asian partner to boost Brownes Dairy – report
Archer Capital is said to be seeking an Asian partner to invest in Brownes Dairy and help the milk producer market its products overseas, particularly in China.
China Haier VC, SAIF launch smart home industry fund
Qingdao Haier Venture Capital (Haier VC), a corporate VC arm of Chinese white goods maker Qingdao Haier, has teamed up with SAIF Partners to form a RMB320 million ($32 million) smart home-focused VC fund.
Alibaba sets terms for $21.8b IPO
Alibaba Group will raise $21.8 billion in its IPO after pricing shares at the top end of the indicative range. The Chinese internet company could end up with as much as $25 billion if the overallotment option is fully exercised.
KKR to up stake in Indonesia's Tiga Pilar Sejahtera Food
KKR will acquire a further 10% of Indonesian rice and noodle producer Tiga Pilar Sejahtera Food (TPSF) for IDR658 billion ($55 million). The PE firm first invested in TPSF last year, representing its first deal in Indonesia.
Tencent, Morningside commit $20m in China travel site
Tencent Holdings has led a $20 million Series B round of funding for Woqu.com, a Chinese outbound travel start-up, with participation from existing investor Morningside Technologies.
India's Quikr gets $60m from Tiger Global
Tiger Global Management has led a $60 million round of funding for in Indian online classifieds platform Quikr.
China second-hand car platform Youxinpai raises $260m
Warburg Pincus and Tiger Global Management have participated in a $260 million funding round for Youxinpai.com, a Chinese second-hand car auction platform.
GIC leads Series C for China car rental service Yongche
Chinese car rental and taxi-booking site Yongche.com - which has a similar business model to Uber - has raised a Series C round of funding led by Singapore sovereign investor GIC Private.
JD.com, Macquarie commit $50m to China food-ordering site Daojia
Chinese food-ordering platform Daojia has completed a Series D round of funding worth $50 million, led by domestic online retailer JD.com and Macquarie Capital.
China Growth Capital, TDF invest in e-commerce marketplace DHGate
China Growth Capital and TDF Capital have provided a Series D round of funding for DHGate.com, a Chinese B2B cross-border e-commerce marketplace.
Mekong delivers golden return
As office workers clock off in Hanoi and Ho Chi Minh City, Vuvuzela outlets begin to fill up. It was supposed to be a Hooters-style casual dining chain – and the female staff dress accordingly – but Vuvuzela has morphed into a very local beer club....
Cross-border e-commerce: The final frontier
Rocket Internet and Alibaba Group are preparing to go public and have ambitious growth plans. But how suited are their respective models to cross-border e-commerce expansion?
Anchorage fully exits Dick Smith Electronics with 4x return
Anchorage Capital Partners has exited the remainder of its stake in Australian electronics retailer Dick Smith Holdings, generating a more than 4x return on its investment after a two-year holding period.
Alibaba ups IPO price range, could raise $25b
The Alibaba Group IPO will now be worth up to $25 billion after the Chinese e-commerce giant raised the indicative price range for the offering. It is now all but certain to supplant Agricultural Bank of China (ABC) as the largest IPO ever seen.
KKR to buy majority stake in Japanese DJ equipment business
KKR has agreed to buy Japanese electronics manufacturer Pioneer Corporation’s DJ equipment division for around JPY59 billion ($551 million). Pioneer will retain a minority interest in the business.
ClearVue leads Series A for China mobile crowdtasking app
ClearVue Partners have led a $3.2 million Series A round of funding for WeiChaiShi, a Chinese mobile crowdtasking platform, with participation from Nokia Growth Partners.
Baring Asia drops out of Japan electronics deal
Baring Private Equity Asia has abandoned plans to acquire the audio-video operations of Japanese car electronics maker Pioneer Corp - alongside the company's rival Onkyo Corp - three months after reaching a basic agreement.
India's BigBasket raises $32.8m Series B from Helion, Zodius
Helion Venture Partners and Zodius Capital have led a INR2 billion ($32.8 million) Series B round of investment in BigBasket.com - the Indian online retailer owned by Bangalore-based SuperMarket Grocery Supplies.
Fosun, Ardian bring in Jiuding for improved Club Med offer
Fosun International and Ardian Private Equity have reactivated their interest in French-based vacation resorts operator Club Méditerranée (Club Med), forming a new consortium that includes Chinese GP Jiuding Capital and Hong Kong Utour International...
NPS, Macquarie-backed Megabox goes on sale
Megabox, the South Korean movie theatre chain 50% owned by a consortium including the Korean National Pension Service (NPS) and Macquarie Group, is being sold at auction.
IvyCap, IDG invest in Indian online apparel retailer eShakti
IvyCap Ventures and IDG Ventures India (IDGVI) have participated in a undisclosed Series B round investment for India's eShakti.com, an online women's apparel retailer.
SCPE backs Vietnam's Golden Gate, Mekong secures 9x exit
Standard Chartered Private Equity (SCPE) has acquired a significant minority stake in Golden Gate, a Vietnam-based restaurant operator, for $35 million. The investment has allowed existing backer Mekong Capital to make a full exit with a net multiple...