Expansion
China online retailer raises $1b for finance unit
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
China B2B steel-trading platform raises $153m – Update
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1.1 billion ($153 million).
SBCVC commits $60m in China’s Acfun
Acfun, a Chinese social networking platform that focuses on video editing, has secured an extended $60 million Series A round of funding from SBCVC, previously known as SoftBank China Venture Capital.
App analytics firm App Annie raises $63m Series E
App Annie, a mobile app analytics platform developer that was started in Beijing but has since expanded globally, has raised $63 million in Series E funding.
Northern Light joins $25m round for US-based Shape Security
Northern Light Venture Capital has joined a $25 million Series D round for US online security start-up Shape Security, with a view to supporting the company's expansion in China.
Warburg Pincus leads $100m round for China logistics player
Warburg Pincus has led a $100 million Series C round of funding for Yunniao Distribution, a platform for sourcing intercity courier services in China.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
India's ShopClues raises GIC-led round at $1.1b valuation
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Chinese audio equipment maker Fiil raises $20m
Fiil Headphones, an audio equipment maker founded by Chinese musician Feng Wang, has raised a Series A round of funding worth $20 million.
Japan CRM start-up raises $16.9m Series C
Japanese customer relationship management (CRM) software developer Sansan has raised a S$24.2 million ($16.9 million) Series C round led by DCM.
Uber China raises new funds at $7b valuation
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
CMC invests in China visual effects production studio
CMC Holdings, an investment platform affiliated with Chinese media-focused PE firm CMC Capital Partners, has invested an undisclosed sum in BaseFX, a Beijing-based visual effects and animation production house.
Ex-New Horizon investors lead $100m round for Zai Lab
Advantech Capital, one of two new funds launched by executives from Chinese GP New Horizon Capital, has led a $100 million Series B round of funding for biotech start-up Zai Lab.
CDC commits $50m to India microfinance business Janalakshmi
Indian microfinance lender Janalakshmi Financial Services has raised INR3.3 billion ($50 million) from UK government-backed development finance institution CDC Group.
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
Deal focus: CreditAccess pursues multi-market scale in Asia
Olympus Capital commits $30 million to support the roll-out of CreditAccess Asia's microfinance business in new markets
Eight Roads leads $30m round for China's QuanCheng
Eight Roads, an investment arm of Fidelity International, has led a $30 million Series B round of funding for QuanCheng, a Chinese software-as-a-service (Saas) start-up that specializes in expense management.
Singapore's Aslan Pharma closes $43m Series C round
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
VC-backed Qufenqi raises new round, plans domestic IPO
Qufenqi, a Chinese electronic retailer that allows buyers to pay in installments, has completed a new round of renminbi-denominated funding, having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
Olympus supports microfinance player's Asia roll-out
Olympus Capital Asia has agreed to invest $30 million in CreditAccess Asia, but this could just be the starting point as the India and Southeast Asia-focused microfinance institution (MFI) pushes into new markets, with Vietnam the likely next target.
SIDBI leads $3m Series A for India's Mycity4kids
SIDBI Venture Capital has led a $3 million Series A round for Indian online parenting portal Mycity4kids, with participation by existing investor YourNest Angel Fund.
India's Nexus re-ups in Blueshift for $8m Series A
Nexus Venture Partners has participated in an $8 million Series A round for portfolio company Blueshift, a US-based automated marketing solutions provider. The round was led by Storm Ventures.