Abcfintech, a China-based cloud services provider, has raised a combined $30 million through an angel round and Series A round.
BlueRun Ventures and Tencent Holdings have co-led a RMB160 million ($24 million) Series A round of funding for Shuidi, a China-based healthcare services platform that aims to help people pay for medical services.
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
SparkLabs Global Ventures has launched a $50 million venture capital fund that will make Series A and B investments in Korean and Southeast Asian start-ups.
Ele.me, a Chinese food delivery ordering platform backed by Alibaba Holdings and several private equity investors, has confirmed its merger with Baidu Waimai, the food delivery business of Chinese internet giant Baidu.
Taiger, a Singaporean artificial intelligence start-up focused on business efficiency products, has closed an S$8 million ($5.9 million) Series A funding round led by domestic private equity firm Tembusu Partners.
Welight Capital, a China-based venture capital firm founded by former Tencent Holdings executives, has led a RMB200 million ($30 million) Series B round for Maihaoche.com, a Chinese new car sales platform. Northern Light Venture Capital also participated.
Hot Life, a Chinese online-to-offline food brand that sells spicy crayfish, has completed a RMB140 million ($21 million) Series B round led by Banyan Capital. Matrix Partners and N5 Capital also participated.
Warburg Pincus has led an extended Series B round worth RMB130 million ($19 million) for GaiaWorks, a China-based software-as-a-service provider of workforce management solutions, with participation from Matrix Partners China and Genesis Capital.
Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.
Cambricon Technologies, a Beijing-based artificial intelligence (AI) developer, has raised a $100 million Series A round of financing from Lenovo Capital & Incubator Group (LCIG), and an investment unit owned by Alibaba Group.
Chinese B2B truck logistics platform Huochebang has received $56 million in the third tranche of a Series B funding round led by existing backer All-Stars Investment and joined by a number of undisclosed existing investors.
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
China-based cancer drug developer Antengene Corporation has completed a $21 million Series A round of funding led by Qiming Venture Partners.
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Shanghai-based Ankon Medical Technologies, which develops medical equipment for gastric examination, has raised a $100 million round of funding from investors including SBCVC.
H Capital has led a $150 million Series C round of funding for Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu.
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
Nippon Technology Venture Partners, Fisco Capital, and ABBALab have committed $9 million to Japanese cryptocurrency platform Tech Bureau.
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.
Innovation Network Corporation of Japan (INCJ) and Bank of Kochi have agreed to jointly invest JPY470 million ($4.3 million) in Japanese artificial intelligence (AI) technology developer Nextremer.
Chinese VC firm Yunqi Partners has led a RMB165 million ($25 million) extended Series B round for Baibu, a textile and fabrics B2B trading platform.