PingCap, a China cloud database service provider, has raised a $270 million Series D round led by GGV Capital, Access Technology Venture, Anatole Investment, Jeneration Capital and 5Y Capital.
Other investors include Bertelsmann Asia Investments, Coatue Management, FutureX Capital, Kunlun Capital, Trustbridge Partners, Matrix Partners China, and Yunqi Partners. Founded in 2015, PingCap's core...
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.