Expansion
Chinese courier start-up gets $50m Series C-plus
Chinese intercity courier services provider Shansong has secured an extended Series C round of funding led by Shunwei Capital Partners and Chinese retailer Beijing Hualian Group.
Emerging India invests $50m in domestic travel site
Emerging India Focus Funds has invested $50 million in Indian online travel portal Goomo, a division of its portfolio company Orbit Corporate & Leisure Travels.
Fairfax India ups Bangalore airport stake to 48%
Fairfax India Holdings will invest INR12.9 billion ($200 million) for a 10% stake in Bangalore International Airport (BIAL), raising its total holding to 48%.
China P2P site Tuandaiwang raises $262m
Chinese peer-to-peer (P2P) online lending platform Tuandaiwang confirmed it has raised a RMB1.8 million ($262 million) pre-IPO round led by China Minsheng Investment Group (CMIG).
Chinese GPs set up semiconductor JV with Qualcomm
The two Chinese private equity firms that bought NXP Semiconductors’ standard products business in February have teamed up with Qualcomm – which subsequently bid for NXP outright – to manufacture chipsets for mass-market smart phones sold in China.
Everbright-IDG joins Series C for Chinese electric car maker
Everbright-IDG Industrial Fund has invested an undisclosed sum in China-based smart electric car maker Nio - formerly known as NextEV - as part of a Series C round that is still in the process of being raised.
Singtel Innov8 backs US, Singapore-based CounterTack
SingTel Innov8, the venture arm of Singapore telecom giant SingTel, has co-led a $20 million Series D round for US and Singapore-based cybersecurity company CoutnerTack alongside US-based SAP National Security Services.
Deal focus: Chubao targets mass market appeal
Having built its business by licensing mobile software to smart phone manufacturers, China's Chubao has raised $100 million to bankroll a freemium model that will allow it to interact directly with users
Partners Group confirms China restaurant chain investment
Partners Group has confirmed its investment in Green Tea Restaurant, having acquired a substantial minority stake in the leading Chinese casual dining chain for an undisclosed sum.
Warburg Pincus leads $120m round for China’s Yuanfudao
Warburg Pincus has led a $120 million round of funding for China’s Yuanfudao in what is said to be the largest-ever PE investment in the country's online tutoring industry.
Naspers leads $80m round India's VC-backed Swiggy
South African internet conglomerate Naspers Group has led a Series E round of funding worth $80 million for Swiggy, an India-based online food-ordering and delivery platform.
Australia's Saluda Medical secures $40m round
Action Potential Venture Capital (APVC), an investment arm of British pharmaceutical company GlaxoSmithKline, has led a A$53 million ($40 million) all-equity Series D round for Australia’s Saluda Medical.
Sequoia, Perfect World back China online bookstore business
Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zongheng.
Fairfax to part exit India's ICICI Lombard
Fairfax Financial Holdings will sell a 12.2% stake in ICICI Lombard General Insurance to a group of PE investors including Warburg Pincus, Tamarind Capital, and IIFL Asset Management.
Everstone re-ups in India's Servion
Everstone Capital has invested $8 million in Indian customer experience management (CEM) solutions provider Servion Global Solutions, raising its total stake in the company to $74 million.
Global PE firms bullish on Vietnam - AVCJ Forum
Global and regional private equity firms are increasingly turning their attentions to Vietnam, reassured by the country’s relative economic stability and impressed by the rising number of investable companies.
China genomics: Coded messages
Investors are looking to tap the massive potential of China’s genomic industry, with a particular focus on companies that leverage large amounts of patient data to support drug development and testing services
PE-backed UrWork, 5Lmeet get $116m from Beijing Xingpai
Chinese PE-backed co-working space operators UrWork and 5Lmeet – both of which were founded by Daqing Mao, formerly a real estate executive at China Vanke – have raised a total of RMB800 million ($116 million) from conglomerate Beijing Xingpai Group.
Deal focus: Mekong joins Nhat Tinh’s second trip
Mekong Capital backs the management team that grew and then sold Vietnam express delivery player Tin Thanh Express to repeat the trick with Nhat Tin Investment Trading
China mobile communication app Chubao raises $100m
Shanghai-based mobile communication app developer Chubao Technology has completed a $100 million Series D round co-led by CCB International, an investment unit of China Construction Bank, and China PE firm HG Capital.
Deal focus: Wish scales up cross-border e-commerce
Wish secures an extended Series F round to build out its platform that enables Chinese suppliers to sell cut-price goods to US and European consumers
Co-working spaces in Asia: Spaced out
Co-working spaces are proliferating in Asia as companies – from multinationals to start-ups – opt for more flexible real estate arrangements. The transition is real, but are the valuations justified?
China’s Cloudwise raises $26m from VCs
CBC Capital has led a $26 million Series C round for Cloudwise, a Beijing-based application performance management (APM) solutions provider, with participation from SIG Asia and Sequoia Capital China.
Proterra invests $100m in Southeast Asia's FKS Food & Agri
Proterra Investment Partners has committed $100 million to FKS Food & Agri, the food and agriculture platform of Southeast Asia’s FKS Group.