Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi, has raised $818 million in a Series C round of funding led by Tencent Holdings.
New investors include ICBC International, Yunfeng Capital, FountainVest Partners, GIC Private, IDG Capital and Taihe Capital. Existing investors Sequoia Capital China, H Capital, DST Global, Capital Today,...
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.