Niu Technologies, China's largest producer of lithium-ion electric scooters, is targeting up to $104 million in its US IPO. VC backers include GGV Capital and Future Capital Discovery Fund.
The company will offer 8.3 million American Depositary Shares (ADS) for $10.50-12.50 apiece. GGV has indicated an intention to invest $10 million in the offering. At the midpoint of the proposed range,...
Indian restaurant discovery and food delivery platform Zomato has raised $210 million from existing investor Ant Financial, the financial services affiliate of China’s Alibaba Group.
The Carlyle Group and Chinese healthcare services provider Meinian Onehealth have together invested in Adicon Holding, a local independent clinical laboratory (ICL) provider. Carlyle is now the company's single largest shareholder.
IDG Ventures India has changed its name to Chiratae Ventures to emphasize the firm’s identity as a backer of high-growth Indian start-ups with potential for global expansion.
L Catterton Asia has made a partial exit from Chinese mall operator Sasseur citing ongoing efforts to optimize its portfolio.