Tencent Holdings has led a HK$911 million ($116 million) investment in Hong Kong-listed e-commerce service provider China Youzan, with participation by Gaocheng Capital and Greater Bay Area Homeland Investments, operator of the Greater Bay Area Homeland Development Fund.
Hedge funds managed by Franchise Capital and Elephas Investment also contributed capital. The investors will collectively purchase 1.7 billion newly issued shares at HK$0.53 apiece, a discount to the closing...
Japanese venture capital firm Globis Capital Partners has raised JPY36 billion ($321 million) for its sixth fund. The overall target of JPY37.5 billion is expected to be reached by June.
A TPG Capital-led consortium will acquire a 30% stake in APM Monaco, a jewelry brand that was established in Europe nearly 40 years ago and now has its largest retail footprint in China.
RHL Ventures has launched a MYR100 million ($24.2 million) fund focused on small to medium-sized enterprises (SME) with a cornerstone investment from government-owned SME Corp Malaysia.
Chinese coffee shop chain Luckin Coffee has raised $150 million in an extended Series B round at a valuation of $2.9 billion. It was led by BlackRock, which committed $125 million to the deal.