Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has raised RMB3 billion ($462 million) in an extended Series C round of funding at a valuation of $2 billion.
Aarin Capital has anchored the launch of Ideaspring Capital, a venture fund seeking to raise INR1.2 billion ($18.8 million) for investments in Indian technology start-ups.
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
UCWeb, a mobile browsing services company controlled by China's Alibaba Group, has launched a $20 million program to promote Indian start-ups focusing on games and apps.
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.
Weiche, a mobile app that targets car owners in China, has completed a RMB152 million ($24 million) Series B round of funding led by GRC SinoGreen Fund.
India has unveiled significant changes to its e-commerce industry, allowing 100% foreign ownership of marketplaces but restricting these businesses control over pricing. Industry feedback is mixed
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
Fosun Kinzon Capital, a VC arm of Fosun Group, has led a RMB150 million ($23 million) extended Series B round of funding for Huivo, a Chinese online education solutions provider for kindergartens.
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
GGV Capital has closed its latest VC fund at $1.2 billion across three vehicles – a core venture fund, an early stage fund and an entrepreneurs fund – that will target start-ups and growth-stage technology deals in China and the US.
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors.
China Everbright has committed an additional $15 million to Haiyin Capital’s latest VC fund, also claiming co-investment rights in the fund's US portfolio companies.
Chinese smart phone maker Xiaomi has led a $25 million round of funding for Hungama Digital Entertainment, an Indian music and video online platform.
Softbank Ventures Korea has committed an undisclosed amount of Series A funding to India's True Balance, developer of an app to help users check their prepaid SIM card balance.
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
Haozu.com, a Chinese O2O commercial real estate service platform, has raised a RMB250 million ($39 million) Series A round of funding led by Joy Capital and Black Hole Capital.
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.