USA
Goldman, CIC form $5b Sino-US industrial fund
Goldman Sachs and China Investment Corporation (CIC) have launched a private equity fund that is seeking to raise $5 billion to invest in US companies. The initiative is part of efforts to strengthen trade relations between the two countries.
China's Ctrip buys VC-backed Trip.com
Ctrip, China’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Naspers to back Remitly expansion in India
Naspers has agreed to lead a Series D funding round of up to $115 million via its PayU unit to support an international expansion by US financial technology player Remitly, including a push into India.
Canyon Bridge founder charged with insider trading
One of the founders of Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was blocked from buying US-based Lattice Semiconductor earlier this year – has been charged with insider trading.
Asian GPs join $41m round for Wonder Workshop
Wonder Workshop, a US-based education robot maker with a strong presence in China, has raised a $41 million Series C round from a group of investors including Tencent Holdings, MindWorks Ventures and Softbank Korea.
Delphi acquires Singapore-focused NuTonomy for $450m
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition...
Chinese financial products platform files for US IPO
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
US-Philippines blockchain player gets $16m Series B
A group of Asian and North American venture investors have backed a $16 million Series B round for Abra, a US financial technology company test marketing blockchain-based services in the Philippines.
INCJ, Konica Minolta acquire Ambry Genetics for $1b
Innovation Network Corporation of Japan (INCJ) and imaging giant Konica Minolta have completed a $1 billion joint acquisition of US-based Ambry Genetics, with a view to growing the company in Japan.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.
US-based VC to invest $20m in Pakistan technology fund
US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
Regulation: Dialogue in the dark
The Committee on Foreign Investment in the US has a huge a backlog of applications to process and a staffing shortage. Potential buyers have little choice but to be patient
Vickers closes fifth VC fund at $230m
Vickers Ventures Partners has closed its fifth fund, which invests in China, Southeast Asia, India and the US, at $230 million – larger than the firm’s four previous vehicles put together.
Deal focus: JingChi gases up with Qiming investment
Technology developer JingChi is planning to leverage a new commitment from Qiming Venture Partners to take the lead in China's competitive autonomous driving space
India cloud player HighRadius secures $50m
HighRadius, a US and India-based financial technology company focused on cloud computing services, has received $50 million from Susquehanna Growth Equity for a global expansion.
Deal focus: Tonbo looks to move beyond defense
WRV Capital is backing Tonbo Imaging, a provider of night vision technology to the Indian military, as it expands into new markets
Portfolio: ChrysCapital and LiquidHub
Despite coming in as a minority investor, ChrysCapital has been key to the overseas expansion of US-based LiquidHub. The firm credits its active collaboration and unique connections
China’s VC-backed Qudian files for US IPO
China-based Qudian, previously known as Qufenqi, a VC-backed micro-lending services provider, has filed for an IPO on the New York Stock Exchange.
Asus launches $50m cross-border VC fund
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Trump blocks sale of Lattice Semiconductor to Chinese GP
US President Donald Trump has vetoed the sale of US-based chip maker Lattice Semiconductor to Canyon Bridge Capital Partners, a private equity firm backed by Chinese LPs, citing national security concerns.
1955 Capital backs US-based Gridtential to expand in Asia
1955 Capital, a cross-border PE firm set up by former Khosla Ventures partner Andrew Chung, has led an $11 million Series B round for US-based energy storage technology developer Gridtential aimed at supporting its Asia expansion.
China's Withinlink seeks $30m for VC fund
China-based start-up incubator and early-stage investor Withinlink is targeting $30 million for its second venture capital fund to help US companies enter the Chinese market.
SoftBank Group, Vision Fund invest $4.4b in WeWork
US-based co-working space operator WeWork has received commitments totaling $4.4 billion from Japan’s SoftBank Group and its SoftBank Vision Fund.