China’s state-owned Yangtze River Industry Fund and China Information Technologies Group have jointly launched a RMB5 billion ($723 million) fund with a focus on 5G technology.
Established in 2015 by the Hubei government with an initial RMB40 billion, Yangtze focuses on the development of companies in emerging industries. It plans to pool up to RMB200 billion from commercial...
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, will invest $185 million in India’s small to medium-sized enterprise sector.
500 Startups has teamed up with a unit of the United Nations to launch an impact-focused start-up accelerator in Indonesia.
Qiming Venture Partners has led a $37 million Series B round for Insilico Medicine, a Hong Kong-based drug development company that uses artificial intelligence (AI).
Texas County & District Retirement System (TCDRS) has committed up to $100 million to Baring Private Equity Asia’s seventh pan-regional fund.