China Everbright (CEL) has set up a RMB2 billion ($288.2 million) fund-of-funds with the local government of the city of Liyang in Jiangsu province.
The new vehicle will receive RMB1 billion from the Liyang government via one of its investment arms, while the rest will be from CEL, which will act as manager. China Everbright Bank's branch in Changzhou...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.