Early-stage
China's Makeblock gets $30m Series B round
Evolution Media China (EMC) and Shenzhen Capital Group have led a $30 million Series B round for Shenzhen-based education and robotics start-up Makeblock.
Germany's Hubert Burda seeks Series B deals in SE Asia
The investment arm of Hubert Burda Media, a European technology and media company that has made LP commitments to several Southeast Asia-focused venture capital funds, has opened an office in Singapore.
Japan's INCJ takes control of $87m pharma spin-out
The Innovation Network Corporation of Japan (INCJ) has teamed up with two pharmaceutical players to invest JPY10 billion ($87 million) in the creation of a biotech spin-out. INCJ will hold a 70.5% stake in the company.
VC value-add: Personal touch
Chinese VC firms are expected to offer value-added services as a way of differentiating themselves from the competition. Are formalized concierge services for founders and their families a step too far?
Australia launches incubator in Singapore
The Australian government has launched a start-up incubation program in Singapore that will focus on emerging industries, including services, and support new export market opportunities.
CMC, Sequoia launch sport fund, back China kickboxing business
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.
Southeast Asia video streaming service Iflix gets $90m
Iflix, a primarily Southeast Asia-focused video streaming service that follows a similar business model to Netflix, has raised $90 million in Series B funding led by Liberty Global and Kuwaiti telecom company Zain Group.
Japanese accelerator launches $17.5m hardware fund
Darma Tech Labs, operator of Japanese hardware-focused accelerator Makers Boot Camp, plans to launch a JPY2 billion ($17.5 million) venture capital fund, with Kyoto Bank serving as the anchor LP.
Q&A: GGV Capital's Jenny Lee
Jenny Lee, managing partner at Sino-US VC firm GGV Capital, discusses supporting start-ups from early through later-stage rounds, and why technology players increasingly need to think internationally
China cloud computing: Billowing forth
China’s nascent cloud computing industry appears set to replicate a US-style growth trajectory. Venture investment, however, may play a larger role due to a range of cultural and economic differences
Chengwei leads Series B round for China messaging service provider
Chengwei Capital has led a Series B round of funding for Xin Xi Bao, a Chinese text messaging software developer.
VIDEO: Milton Chou, GE Ventures
Milton Chou, China growth leader and senior director at GE Ventures, discusses the role of a captive VC firm
Sequoia leads $30m Series B for Hong Kong's Klook
Sequoia Capital China has led a $30 million Series B funding round for Hong Kong-based travel services company Klook.
Legend Capital leads $12m round for China clothing rental site
Legend Capital has led a $12 million Series A round for Dora’s Dream, an online clothes rental platform based in China.
China VC-backed robotics start-up CloudMinds raises $100m
CloudMinds, a Chinese cloud-based robotics start-up backed by several VC investors, has closed a $100 million Series A round of funding from a group of investors.
China rural e-commerce platform raises $145m
Maihuolang Information Technology, a Chinese e-commerce company focused on selling agricultural products, has raised a RMB1 billion ($145 million) Series A round of funding from several domestic GPs.
CDC, Manipal commit $20m to India's iGenetic
Indian healthcare testing firm iGenetic Diagnostics has raised INR1.3 billion ($19.9 million) from UK-based development finance institution (DFI) CDC Group and Indian conglomerate Manipal Education & Medical Group.
Sequoia leads $10m round for India's Belong
Sequoia Capital India has led a $10 million Series B funding round for Bengaluru-based online recruitment platform provider Belong.
China bike-sharing start-up Bluegogo raises $58m
Chinese bike-sharing start-up Bluegogo has raised a RMB400 million ($58 million) funding round led by domestic GP Black Hole Capital.
Hong Kong AR player Banuba raises $5m
Banuba, a Hong Kong-based developer of technologies for augmented reality (AR) mobile applications, has raised $5 million from VP Capital and Larnabel Ventures.
Shanda leads $5.6m round for Indonesia's Nida
Indonesian hotel reservation services provider Nida Rooms has raised a $5.6 million Series A round of funding led by China’s Shanda Group.
China healthcare platform Anxin Doctor raises $29m
Beijing-based Anxin Doctor, a mobile app focused on pediatric and women's healthcare, has completed a RMB200 million ($29 million) Series B round of funding across two tranches.
VIDEO: Jenny Lee, GGV Capital
Jenny Lee, managing partner at GGV Capital, discusses the venture capital environment in China
China B2B hotel booking site raises $17m
Chinese B2B hotel booking platform Haoqiao.cn has raised RMB120 million ($17 million) in an extended Series B round led by the government-backed National SME Development Fund and China Merchants Capital.