Hong Kong-based private equity real estate investor Gaw Capital has reached a first close of $700 million on its fifth Asia-focused real estate fund.
The first close represents more than half of the $1.3 billion target size for the fund, which launched in late 2015. AVCJ understands the final close is expected by September. Gaw launched the vehicle...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.