ClearVue Partners and Eight Roads Ventures have led a $112 million investment in China and US-based autonomous driving technology developer Pony.ai that brings the start-up’s total Series A funding to $214 million.
Other investors included Green Pine Capital Partners, China Merchants Capital, Redpoint Ventures China, Delong Capital, and Adrian Cheng, the founder of K11 Art Foundation. Existing backers Sequoia Capital...
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Singapore’s Golden Equator Capital and Korea Investment Partners (KIP) have jointly launched a S$120 million ($88 million) Southeast Asia technology fund focused on start-ups and small to medium-sized enterprises (SME).