Waterman Capital has invested in New Zealand-based food delivery platform My Food Bag (MFB).
Chinese vacation rental platform Tujia, which has several VC and PE investors, has acquired the homestay businesses of travel websites Ctrip and Qunar, strengthening its already dominant position in China’s accommodation sharing market.
China Everbright (CEL) and IDG Capital Partners have acquired a 9.3% stake in China UnionPay Merchant Services (UMS), a third-party payment provider, for RMB2 billion ($297 million).
Doumi, a China-based platform that helps people find part-time jobs, has raised $40 million in Series B funding from Hillhouse Capital, Tencent Holdings, Baidu, and food and agribusiness conglomerate New Hope Group.
Singapore's Temasek Holdings has committed $250 million to hospital operator Columbia Pacific Management for a joint venture in China.
Trustbridge Partners has led a $30 million Series B round for US-based genetic testing company Veritas Genetics.
CITIC Capital and several domestic investment funds have contributed $850 million to Tencent Holdings’ acquisition of a majority stake in Finland-based mobile game developer Supercell.
China-based B2B liquor-trading platform Yijiupi has raised a $100 million Series C round led by existing investor Greenwoods Asset Management.
SafetyCulture, an Australia-founded developer of mobile software for safety inspectors, has raised A$30 million ($23 million) in Series B funding from a group of investors including Index Ventures and Blackbird Ventures.
Eight Roads Ventures India and US-based F-Prime Capital - both of which are controlled by Fidelity - have joined a $30 million investment in Singapore and India-based drug manufacturer Eywa Pharma.
Indian online travel agent MakeMyTrip has agreed to merge with rival booking portal ibibo Group, which is backed by South African internet conglomerate Naspers Group and China's Tencent Holdings, in an all-stock deal.
Redpoint Ventures, a US early-stage venture firm, has closed its debut China VC fund at $180 million.
Viscovery, a Taiwanese cloud-based image-recognition technology start-up, has raised $10 million in an extended Series A round led by China Development Industrial Bank (CDIB), a subsidiary of China Development Financial Holding.
Indian venture capital firm Lok Capital has led a $3.5 million Series A round for Ummeed Housing Finance, a Delhi-based low-income property finance company.
PAG Asia Capital has agreed to invest in Paradise Group Holdings, a Southeast Asia-based restaurant chain with over a dozen brands and more than 60 outlets.
VC-backed Indian baby and child-focused retailer FirstCry.com has acquired rival children's store chain and e-commerce outlet Babyoye.
Indian online news aggregator Dailyhunt has raised a $25 million Series D round led by ByteDance, a Chinese VC-backed online content provider.
Brookfield Asset Management has agreed to buy the telecom towers assets of Reliance Communications for INR110 billion ($1.6 billion).
Gong Cha Korea, the Unison Capital-backed franchise of the global bubble tea franchise Gong Cha, will take a controlling stake in the Taiwan-based parent company.
Nexus Venture partners has committed $7 million in Series A funding to Indian software development tool creator Postman.
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
Shanghai-based bike rental service start-up Mobike has raised a Series C round of funding led by Hillhouse Capital, Warburg Pincus and Tencent Holdings.
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
Chinese search giant Baidu has established a RMB20 billion ($3 billion) investment fund, called Baidu Capital, to target mid- and late-stage deals in the internet industry.