Chinese internet giant Alibaba Group has acquired a 4% stake in S.M. Entertainment, a South Korean music agency, for KRW35.5 billion ($29.8 million).
Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
Chinese online hotel booking site eLong has agreed to buyout led by a consortium of existing shareholders, including Tencent Holdings and Ctrip. The deal values the company at approximately $647 million.
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.
A Chinese consortium featuring Qihoo 360 Technology – which recently agreed a $9.3 billion private equity-backed take-private – is poised to acquire Norway-headquartered internet browser developer Opera Software for $1.2 billion.
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.
Kingsoft Cloud Group, a cloud computing unit owned by China’s Kingsoft, has raised $60 million in a Series C round of funding from a group of investors including IDG Capital Partners.
Zhejiang Haers Vacuum Containers, a Chinese stainless vacuum container manufacturer, has agreed to pay The Riverside Company CHF16.1 million ($16.6 million) in cash for Swiss bottle maker SIGG.
J-Star has launched a tender offer for drugstore chain Aisei Pharmacy that values the JASDAQ-listed company at approximately JPY12.7 billion ($112.5 million). This is the private equity firm’s first-ever tender offer.
An Australian parliamentary committee will launch an inquiry into the collapse of listed domestic retailers following the demise of Dick Smith Electronics, which was previously owned by Anchorage Capital Partners.
David Li, managing director and head of China at Warburg Pincus, has resigned to set up his own company. Julian Cheng and Frank Wei have duly been appointed to lead Warburg Pincus’ China business.
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), has invested $30 million in Anhui Dong Jin Renewable Resource Technology, a Chinese renewable resources producer.
China-based Sinovac Biotech, which earlier this week became the target of a take-private bid from its chairman and SAIF Partners, has received a competing offer from a consortium that includes China International Capital Corporation (CICC).
Chinese state-owned conglomerate Beijing Enterprises Holding (BEHL) has agreed to buy EEW Energy from Waste, a German waste management company, from EQT Partners for EUR1.44 billion ($1.6 billion).
Emerging markets property portal Lamudi has raised EUR29 million ($31.4 million) from its main backer, Germany's Rocket Internet, and several additional investors.
Chang Sun, the former Asia managing director at Warburg Pincus who co-founded Chinese agriculture start-up Black Soil, has delayed plans to raise a $1 billion PE fund and will instead focus on individual deals.
SBI Investment, the VC arm of Japan's SBI Holdings, has agreed to lead a Series B round for US-based bitcoin exchange Kraken.
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 11.
Dongpeng Holdings, a Hong Kong-listed ceramic tiles maker, has received a take-private proposal from its management and existing shareholder Sequoia Capital China.
BeiGene, a Chinese cancer drug developer backed by Hillhouse Capital and CITIC Private Equity, closed up 18% on its first day of trading on NASDAQ following a $158.4 million IPO.
New York-based adaptive learning system developer Knewton has raised $52 million from a consortium of investors including EDBI - the corporate VC arm of Singapore's Economic Development Board - and Chinese education company TAL Education Group.
Dada Bus, a mobile-enabled provider of bus services in China, has raised RMB173 million ($26 million) in a round led by a Shenzhen-listed construction materials manufacturing company.
Prologis, a global real estate investment trust (REIT), has announced an increase of $882 million in the equity commitment to the Prologis China Logistics Venture.
Japan Post Bank plans to start making commitments to private equity funds in the first half of this year, according to Katsunori Sago, the bank’s vice president in charge of asset management.