Joy Capital is seeking $350 million for its third China-focused venture capital fund, which would take the four-year-old firm’s assets under management past the $1 billion mark.
The hard cap for the fund has been set at $385 million, industry sources said. Joy – which was established by Erhai Liu, who previously led technology, media and telecom (TMT) investments at Legend Capital...
CITIC Capital has participated in a JPY3.6 billion ($34.1 million) funding round for Active Sonar, operator of Reclo, a Japanese online re-selling platform for luxury brands.
Should the private equity industry's efforts to redress its gender balance extend to selling students on the asset class as a fulfilling, long-term career option?
Fosun Group has agreed to invest RMB130 million ($18.4 million) in Pet Doctor, a Chinese one-stop pet services platform that supplies everything from software for pet hospitals to consultations for pet owners.
Japan Post Investment Corporation (JPIC) has backed a $33 million Series C round for Atonarp, a Tokyo-based molecular diagnostics systems developer that uses artificial intelligence (AI).