Philippines conglomerate Ayala Corporation has confirmed plans for a $150 million venture capital fund that will invest globally in new technologies. It will be managed by local VC firm Kickstart Ventures.
It is being touted as the largest effort of its kind in the Philippines and the country’s first conglomerate-wide strategic VC fund. Ayala said it would seek LP commitments from its affiliates including...
Xyb2b.com, a B2B platform that helps Chinese e-commerce companies source products from overseas, has completed an extended Series B round of funding worth $100 million.
Beijing Ubox Online Technology, a Chinese vending machine manager, has received RMB1.6 billion ($226 million) in funding from Ant Financial Services Group and Primavera Capital Group.
CITIC Capital has scaled up for its latest China fund, raising 75% more capital than in the previous vintage. The buyout-focused GP expects tighter liquidity to drive more corporate carve-outs
Tala, a US financial technology provider looking to expand its microlending operations in India, has raised a $110 million Series D round from a group including PayPal Ventures.