Chinese ride-hailing app operator Didi Chuxing has invested $200 million in Renrenche, a local consumer-to-consumer used-car trading platform, which is backed by several VC investors.
US-listed Chinese recruitment site 51Job has agreed to acquire a 60% stake in industry peer Beijing Lagou Network Technology, which is backed by Qiming Venture Partners and other VC investors, for $119 million.
Chinese biopharmaceuticals developer XW Laboratories has raised a $17.5 million Series B funding round led by WI Harper and Elements Capital.
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
East Ventures has launched a $30 million Southeast Asia fund that will make seed to Series A investments in technology start-ups, with an emphasis on Indonesia.
Tower Capital Asia is supporting a take-private bid for Poh Tiong Choon Logistics that values the Singapore-listed company at approximately S$275 million ($204 million).
Japanese conglomerate Toshiba Corporation has reached a final agreement to sell its Nand flash memory unit to a consortium led by Bain Capital for JPY2 trillion ($17.8 billion).
CMC Capital Partners and AlphaX Partners – a VC firm co-founded by Chuan Thor, formerly a managing director at Highland Capital China – have jointly led a RMB550 million ($84 million) round for Gaosi Education Group, a Chinese education and training...
Krungsri Finnovate, the VC arm of Thai financial institution Bank of Ayudhya, has led a $3.2 million Series A round for domestic financial technology start-up Finnomena.
HighRadius, a US and India-based financial technology company focused on cloud computing services, has received $50 million from Susquehanna Growth Equity for a global expansion.
Tiger Global Management and Genesis Capital have led an extended Series C round worth $230 million for Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings. Jeneration Capital also participated.
New Zealand’s Waterman Capital has exited its entire 50% stake in HealthLink, a local online services provider for the healthcare industry, to Ireland-based medical technology specialist Clanwilliam.
QianbaoCard, a Shanghai-based start-up that provides financial services to local merchants and consumers, has raised a RMB1 billion ($152 million) Series B round of funding from Banyan Capital and other domestic investors.
Singapore’s Temasek Holdings has joined a $300 million funding round for Taiwan-based electric scooter manufacturer Gogoro.
Power2SME, an Indian online services provider for companies in the manufacturing space, has received $36 million in Series E funding, primarily from existing VC investors.
Singapore’s National Research Foundation (NRF) has invested S$16 million ($12 million) in new cybersecurity projects, with a view to strengthening the country’s R&D capabilities in this area.
Warburg Pincus has led a $180 million Series D funding round in business park developer D&J China as part of a domestic operational expansion.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $50 million investment in Indian developer Mahindra Lifespace (MLDL).
Shanghai United Imaging Healthcare, a China-based medical imaging device maker, has completed a RMB3.33 billion ($509 million) Series A round of funding co-led by state-backed SDIC Fund Management and China Life Healthcare Fund.
Sequoia Capital India and SAIF Partners have led a $11.5 million Series B funding round for Indian free-to-use learning platform operator Unacademy.
Tonbo Imaging, an Indian night vision technology specialist serving the defense, surveillance and transportation safety markets, has received $17 million in Series B funding led by US-based WRV Capital.
US President Donald Trump has vetoed the sale of US-based chip maker Lattice Semiconductor to Canyon Bridge Capital Partners, a private equity firm backed by Chinese LPs, citing national security concerns.
Formation Group, a Silicon Valley and Asia-focused venture capital firm established by Formation 8 co-founder Brian Koo, has invested KRW112.5 million ($99 million) in the online-to-offline (O2O) services unit of Korean mobile internet platform Yello...
Japanese conglomerate Toshiba has signed a memorandum of understanding (MOU) with Bain Capital regarding the sale of its Nand flash memory unit to a consortium led by the PE firm.