Expansion
Carlyle invests in Chinese pharma industry supplier
The Carlyle Group has paid an undisclosed sum for a significant minority stake in Ambio, a US-based pharmaceuticals company with substantial operations in China.
China's Lianlian Payment raises $146m from Sequoia, Boyu
China’s Lianlian Digital, the parent company of payment services provider Lianlian Pay, has raised RMB1 billion ($146 million) from Sequoia Capital China and Boyu Capital in its latest funding round.
Accel-KKR backs New Zealand's Seequent
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has made a growth-stage investment of undisclosed size in New Zealand data visualization software provider Seequent.
Deal focus: Oceanpine sees value amidst traffic
Shansong has received $60 million in an initial tranche of Series D funding as it seeks to outgrow the competition in China's courier services market
Singapore's GreyOrange gets $140m Series C
GreyOrange Robotics, a developer of robotic e-commerce logistics systems, has raised $140 million in Series C funding - said to be the largest-ever round in the industrial robotics space.
Tencent, Goldman join $450m round for China's Miss Fresh
Miss Fresh, a Chinese e-commerce platform specializing in fresh produce, has raised a $450 million round co-led by Tencent Holdings, Goldman Sachs, Jeneration Capital, and US-based Davis Selected Advisers.
PAG terminates Home Credit investment
PAG Asia Capital has ended its partnership with Home Credit, which was agreed last year and intended to help the Czech Republic-based consumer loans company expand in China.
Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
Orchid leads $70m Series E for China's SoYoung
SoYoung, a Chinese online marketplace focusing on cosmetic surgery, has raised $70 million in Series E funding led by Orchid Asia. There was additional participation from Matrix Partners China, BOC International, and the Russia-China Investment Fund (RCIF)....
India's Udaan hits $1b valuation with $225m Series C
Indian B2B online marketplace Udaan, which was established by a team of former Flipkart executives two years ago, has received $225 million in Series C funding led by DST Global and Lightspeed Venture Partners.
Japan Post backs $94m round for US-based Cloudian
Japan Post Investment Corporation (JPIC), a direct investment unit launched by Japan Post Bank and Japan Post Insurance earlier this year, has joined a $94 million round for Japan-founded and US-based data company Cloudian.
China car trading platform Souche raises $576m
Primavera Capital Group and Morningside Venture Capital have led a $576 million round of funding for Souche, a Chinese online trading platform for new and used cars.
India's Netmeds gets $45m Series C round
Indian online drug marketplace operator Netmeds has received a $45 million Series C funding round with participation from Russian venture capital investor Sistema Asia Fund.
Qiming, Hillhouse back China's Jacobio Pharma
Chinese drug maker Jacobio has secured a $55 million Series C funding round led by Qiming Venture Partners and Hillhouse Capital, with participation from Prudence Investment Management.
Chinese electronic signature platform gets $52m Series C
Tiger Global Management has led a Series C funding round worth RMB358 million ($52.4 million) for Bestsign, a Chinese technology developer that specializes in electronic signatures for paperless contracts.
VinaCapital launches VC arm, agrees three deals
Vietnam’s VinaCapital has launched a $100 million VC unit and confirmed its first two domestic investments. Separately, the private equity firm has committed $25 million to a local hospital operator.
Chinese online fabrics trader Baibu raises $30m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $30 million in a first tranche of Series C funding led by Bull Capital Partners.
Legend, Tiger back Chinese industrial e-commerce platform
Legend Capital and Tiger Global Management have led a $129 million Series C round for Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products.
SoftBank Vision Fund forms JV with Chinese insurer Zhong An
SoftBank Vision Fund has entered into a technology development joint venture (JV) with Zhong An, a PE-backed Chinese insurance company. It will see each party contribute $100 million.
Australia's Simple gets $17m expansion round
Australian marketing platform operator Simple has raised $17 million for global expansion in a round led by local investor BBRC Private Equity. It is the GP’s first investment.
China's Shansong Express raises $60m
Shansong, a Chinese start-up that provides intercity courier services, has raised $60 million in the first tranche of a Series D round. It comes 15 months after the company closed its Series C at $100 million.
GIC leads $85m Series B for China's Harbour BioMed
Harbour BioMed, a China-based biopharmaceutical company focused on treatments for cancer and autoimmune disorders, has raised an $85 million Series B round led by Singapore’s GIC Private.
Alibaba merges food delivery units, raises $3b
Alibaba Group has merged Ele.me, a China-focused food delivery platform that it acquired earlier this year, with its local services platform Koubei. The combined platform has raised $3 billion from investors including Alibaba and SoftBank Group.
Visa joins Series C for Japan fintech player Paidy
Visa has committed an undisclosed amount to a Series C funding round for Paidy, a Japanese financial technology company with several VC and corporate backers.