Yi Capital, a Beijing-based VC firm founded by two former partners at CDH Investments, has closed its debut renminbi-denominated fund at RMB800 million ($116 million).
Ofo, a Chinese bike-sharing company that completed its $450 million Series D round of funding less than two months ago, has received a strategic investment of undisclosed size from Ant Financial, Alibaba Group’s financial services affiliate.
Sailing Capital has provided $60 million in Series C funding to artificial intelligence (AI) and deep learning technology start-up Sense Time, less than six months after the Beijing-based company announced its previous round.
SDIC Fund Management, a GP under China’s State Development & Investment Corporation, has led a $65 million round of funding for CanSino Biologics, a China-based vaccine developer.
Source Code Capital, a Chinese VC firm founded by Yi Cao (pictured), a former partner at Sequoia Capital, has closed its third US dollar-denominated technology fund at $260 million.
CITIC Securities has led a $400 million funding round - with participation from CDH Investments and National Venture Capital - for China and US-based electric vehicle (EV) supplier Microvast Power Systems.
Addor Capital has led a $12 million pre-Series B round for Yeecall, a Chinese mobile app that allows users to make free voice and video calls, with participation from existing investors including Sinovation Ventures.
Wei Zhou (pictured), formerly a managing partner at KPCB China, has launched a new VC firm – China Creation Ventures – and closed his debut renminbi-denominated fund at RMB1.5 billion ($220 million).
Susquehanna International Group’s SIG Asia Investments has led a $22 million Series B round of funding for Yunxuetang, a Chinese cloud-based vocational training platform that works with companies like China Mobile and Lenovo.
Australia’s Blackbird Ventures has led a A$5 million ($3.7 million) Series A funding round for Fleet, a domestic space technology start-up targeting growth in the internet of things (IoT) industry.
The corporates and family groups that dominate Indonesia’s economy are becoming increasingly active in the VC space. To independent GPs, they are more friend than foe, but agendas and approaches vary
Mitsui & Co has agreed to invest JPY1.3 billion ($11.7 million) in Renoveru, a VC-backed start-up focused on online services in Japan’s home renovations market.
Volkswagen's China unit has agreed to invest $180 million in Beijing-based Mobvoi, a venture capital-backed start-up that is developing artificial intelligence (AI) technology for the automotive sector.
Warburg Pincus has led a $180 million Series D round of funding for Chinese online second-hand car trading platform Souche, less than five months after the company’s previous round worth $100 million.
Banyan Capital has raised more than RMB5 billion ($725) million across two China-focused venture capital funds – one US dollar-denominated and the other in renminbi.
Mahindra Partners has led a $21 million Series B round for Indian home healthcare start-up Medwell Ventures, operator of Nightingales Home Health Services.
Wecash, a Chinese financial technology company that provides credit evaluations online, has completed an $80 million Series C round jointly led by China Merchants Venture Capital, Forebright Capital and SIG Asia.
GE Ventures leads a $25 million round for Freightos, giving the Hong Kong-based logistics software specialist dry powder to build out its price information marketplace for freight forwarders
Sequoia Capital India has made its debut investment in an Australia-based start-up, leading a A$26.7 million ($20.2 million) Series C round of funding for HealthEngine, an online healthcare marketplace.
Shanghai Mime Financial, a consumer finance platform targeting the young females in China, has raised a Series C round led by domestic investors Haier Capital, Xiyu Capital and Panda Capital.
Southeast Asian ride-hailing app operator Grab has agreed to acquire Kudo, an Indonesian online-to-offline (O2O) e-commerce start-up backed by a number of venture capital firms.
Redpoint Ventures and Sinovation Ventures have led a Series B round worth RMB100 million ($14 million) for Xiaolu Clinic, a traditional Chinese medicine (TCM) online services provider.
GE Ventures, the VC arm of General Electric, has led a $25 million extended Series B round of funding for Freightos, a Hong Kong-based logistics technology company. It brings total funding for the business to $50 million.
Morningside Venture Capital, a China-focused early-stage VC firm that used to manage only US dollar-denominated funds, has closed its first renminbi vehicle at RMB1 billion ($143 million).