China Creation Ventures (CCV), a venture capital firm established by the technology, media and telecom (TMT) team at KPCB, has closed its debut fund with nearly $200 million in commitments.
The GP was established in late 2016 and spent about nine months in the market raising Fund I. Commitments came from institutional investors and family offices. CCV has also sourced renminbi-denominated...
Trax, a Singapore-based developer of retail computer vision and analytics solutions with several private equity backers, has acquired US-based shopping rewards app developer Shopkick for an undisclosed amount.
Chinese art education platform Yiqi Technology Group has raised $40 million in the first tranche of a Series C round led by Tencent Holdings. It is said to be the largest-ever funding round for a start-up in this space.
Australia’s Square Peg has secured two new superannuation fund backers for its second fund, which has closed at A$340 million ($237 million).
JD Logistics, the delivery unit of Chinese e-commerce giant JD.com, has reached a first close on a renminbi-denominated fund that invests in smart logistics and related technologies. The full target for the vehicle is RMB1.5 billion ($218 million).