Chinese online retailer LightInTheBox has agreed to acquire Southeast Asian e-commerce operator Ezbuy for $85.55 million through a share swap.
Ezbuy's existing shareholders will receive one-year promissory notes in LightInTheBox that will convert into 22.2 million American Depository Shares (ADS) at $3.85 apiece, assuming certain conditions are...
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.