Expansion
China's Fenqile receives $235m in Series D funding
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
China's Didi Chuxing raises $7.3b in equity, debt financing
Didi Chuxing, China’s leading ride-hailing app operator, has raised $7.3 billion in new funding, comprising $4.5 billion in equity and $2.8 billion in debt. The round is said to value the company in excess of $25 billion.
China delivery service provider UC Express raises $46m
Chinese delivery service provider UC Express has raised about RMB300 million ($46 million) in a Series A round of funding from Eastern Bell Venture Capital and Kerry Logistics.
OPIC initiates $250m loan for Myanmar's Apollo Towers
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, has begun the initial disbursement of a $250 million loan to private equity-backed Apollo Towers Myanmar.
VinaCapital leads $30m round for Vietnam's An Cuong
VinaCapital Investment Management has led a $30 million funding round for Vietnamese wood-working and decorative materials manufacturer An Cuong.
Omidyar in $20m round for Indian venture debt player
Intellegrow Finance, a non-banking financial company (NBFC) and venture debt lender that targets small and growing businesses in India, has raised INR1.34 billion ($20 million) from investors including existing backer Omidyar Network.
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.
China Life invests $600m in Didi Chuxing
China’s leading ride-hailing app operator Didi Chuxing has received about $600 million from China Life Insurance as part of its latest fundraising effort.
China Online Education slips on trading debut, VCs re-up
VC-backed China Online Education Group closed marginally below its offering price on the first day of trading on the New York Stock Exchange, following an IPO worth $45.6 million. Existing backers Sequoia Capital and DCM concurrently committed an additional...
AGIC to buy Italian robotics manufacturer
China-Europe cross-border private equity firm AGIC Capital has acquired a large majority stake in Gimatic, an Italian robotics supplier planning an Asian expansion.
Japan's Midokura raises $20m Series B
Japan and US-based software network virtualization company Midokura has raised a $20.4 million Series B round from investors including the Innovation Network Corporation of Japan (INCJ).
iSigma acquires Japan cybersecurity company
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has acquired domestic cybersecurity platform provider VarioSecure.
IFC to invest $50m in India's Janalakshmi
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $50 million in Indian microfinance institution (MFI) Janalakshmi Financial Services.
Edelweiss invests in India's Bridgei2i
Edelweiss Private Equity has invested an undisclosed amount of Series A growth capital in India’s Bridgei2i Analytics Solutions, an enterprise services company focused on big data.
Rabo invests $15m in India's Cremica
Rabo Equity Advisors has committed $15 million for a minority stake in Indian condiment and snack maker Cremica Food Industries.
Longreach acquires Wendy's Japan
Longreach Group has acquired a majority stake in Wendy’s Japan as part of a growth strategy that will see the hamburger restaurant chain combined with fellow domestic operator, First Kitchen.
China's Blued completes Series C round
Vision Knight Capital has led a Series C+ round for Chinese gay-oriented social network and community app Blued.
Japan’s Whill closes $17.5m Series B
Eight Roads Ventures has led a $17.5 million Series B round for Japanese wheelchair and personal mobility device developer Whill.
Deal focus: Securing a nation’s digital vaults
Data Republic has attracted Series A funding from some of Australia’s biggest companies, with a notable showing by the major banks demonstrating a growing focus on data security investment in the financial sector
Deal focus: VCs find inroad where giants prevail
A group of VCs are aiming to leverage an encouraging outlook for the autonomous vehicle industry by funding a Singapore-focused start-up that is offering significant competition to the major corporates that dominate this space
China mezzanine: Hybrid solutions
Investors see more opportunities in the growth mezzanine space as China’s economy slows, but deal structuring is a challenge due to the need for onshore and offshore components
Blackstone invests $134m in New Zealand's Partners Life
The Blackstone Group’s tactical opportunities division has made a NZ$200 million ($134.5 million) investment in New Zealand insurance provider Partners Life.
Tencent invests $40m in VC-backed Chinese education site
Tencent Holdings has committed $40 million for a minority stake in VC-backed Yuanfudao - the largest single investment made by the internet company in the K-12 online learning and teaching space.
China GPs underline merits of sector focus
China GPs must respond to the country’s economic slowdown by paying closer attention to picking sectors that can outperform – and in which they can help drive that performance – industry participants told the Hong Kong Venture Capital & Private...