Lever VC, a Hong Kong and US-based food tech specialist, has confirmed a $23 million first close for its debut fund, which will invest alternative protein start-ups globally with a strong focus on China.
About 70% of LP commitments came from Asian family offices and conglomerates in areas such as consumer products and food, with a strong showing from Hong Kong-based investors. The target is $50 million....
Yunwang Wandian, the e-commerce services arm of Suning.com, one of China’s largest retailers, has raised a RMB6 billion ($912 million) Series A round led by Shenzhen Capital Group.
Southeast Asia-focused private equity firm KV Asia Capital has exited TF Value Mart (TFVM), a Malaysia-based grocery retailer in which it has held a controlling stake since 2016, to Intermediate Capital Group (ICG).
NextGen Funds Management, a newly established GP in Australia, has launched what it is calling the country’s first dedicated artificial intelligence (AI) fund.
Hong Kong’s 3W Fund Management has led a $43 million Series E round for CANbridge Pharmaceuticals, a Beijing-based drug developer that focuses cancer and rare diseases.