Expansion
China auto parts supplier Mancando gets $57m Series B
Mancando, a Chinese automotive parts supplier, has raised a RMB400 million ($56.6 million) Series B round led by Huaxing Growth Capital. Xiang He Capital, Axiom Asia Private Capital and Oriza FoF also took part.
CMC leads Series C for Chinese B2B apparel player
Yishou, a Chinese B2B e-commerce platform specializing in apparel, has raised $40 million in Series C funding led by CMC Capital. Huaxing Growth Capital also took part in the round.
ADIA to invest $750m in India's Jio Platforms
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR56.8 billion ($750 million) in Jio Platforms two days after Silver Lake announced plans to increase its stake in the company.
Mubadala to invest $1.2b in India's Jio Platforms
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Chinese drug developer Everest secures $310m Series C
Everest Medicines, a China-based biopharmaceutical company, has raised $310 million in Series C funding across two tranches.
SK Telecom leads Series C for China cloud services player
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.
Facebook, PayPal invest in Indonesia's Gojek
Facebook and PayPal have joined an ongoing Series F round for private equity-backed Indonesian ride-hailing and online-to-offline (O2O) services platform Gojek (formerly Go-Jek).
Chinese e-commerce services provider raises $100m
Jushuitan, a China-based software-as-a-service (SaaS) provider that targets small to medium-sized e-commerce operators, has received a $100 million Series C round led by Goldman Sachs, China International Capital Corporation (CICC), and Blue Lake Capital....
China EV: End of the road?
Challenged by the arrival of Tesla, the removal of subsidies, and the coronavirus outbreak, China’s independent electric vehicle makers are at a point of reckoning. Many will stumble
Coronavirus & due diligence: Split screen
Finding the right balance between offline and online communication for completing due diligence processes is a tricky endeavor for PE and VC investment professionals in Asia
Temasek-owned Fullerton India gets parent funding
Fullerton India Credit (FICC), an Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, has raised INR7.5 billion ($100 million) in funding from its parent.
GGV leads round for Chinese community group buying business
Shihuituan, a China-based community group buying platform also known as Nice Tuan, has raised $81.4 million in an extended Series C round led by GGV Capital.
China's Didi raises $500m for autonomous driving unit
SoftBank Corporation’s second Vision Fund – which currently comprises balance sheet capital from its parent – has led a $500 million funding round for the autonomous driving technology business of Chinese ride-hailing giant Didi Chuxing.
MGI Tech closes China's largest-ever genetics funding round
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE.
Investors pump $265m into BYD semiconductor unit
BYD Semiconductor, a subsidiary of Chinese vehicle maker BYD, has raised RMB1.9 billion ($265 million) from 14 investors, including Sequoia Capital China.
Deal focus: Shiprocket joins the tribe
US-based Tribe Capital sees similar qualities in Indian logistics aggregator Shiprocket as in other software-as-a-service stalwarts
China smart logistics provider Galaxis raises $14m
Chinese logistics robot and intelligent equipment supplier Galaxis Technology has raised RMB100 million ($14 million) in Series D funding led by China Capital Investment Group.
Warburg Pincus raises stake in Asia real assets fund manager
Warburg Pincus has agreed to increase its ownership of ARA Asset Management – an Asia Pacific real assets fund manager that was privatized in 2016 – as China’s AVIC Trust exited the business.
Shaw Kwei invests in Hong Kong cosmetics industry supplier
Shaw Kwei & Partners has announced an investment in International Cosmetics Suppliers (ICS), a Hong Kong-based packaging specialist for the global beauty industry.
China's Sensors Data secures $30m Series C-plus round
Chinese big data company Sensers Data has raised an extended Series C round of $30 million led by Xiang He Capital. Other investors include Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture, and FutureCap.
KKR to invest $1.5b in India's Jio Platforms
KKR has made its largest private equity investment in Asia to date with a commitment of INR113.6 billion ($1.5 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries....
Deal focus: Validus takes holistic approach to SME financing
Singapore peer-to-peer lender employs algorithm-based credit assessment tools and an unorthodox approach to origination as it seeks to address inefficiencies in Southeast Asian supply chain finance
Chinese smart car wash business closes $84m Series C
1km, China’s largest car wash company, has raised RMB600 million ($84 million) in Series C funding across three tranches. The most recent - worth $30 million - was led by ClearVue Partners.
Australia workforce training start-up Go1 gets $40m
Australian workforce training services start-up Go1 has raised a $40 million Series C round led by local strategic Seek and US-based Madrona Venture Group.