Expansion
IDG Capital backs Chinese electric car maker
IDG Capital has invested RMB1 billion ($159 million) in Skio Matrix, a Chinese company that manufactures electric cars and batteries.
CDH leads $100m Series D for China's Blued
CDH Investments has led a $100 million Series D round of funding for Blued, a leading gay dating app in China, with participation from UG Capital.
China's Ping An raises $2.2b for healthcare, fintech units
Ping An Insurance Group has raised $2.2 billion in private equity funding for its three technology businesses: Ping An Good Doctor, Ping An Healthcare Management, and OneConnect Financial Technology.
CITIC Capital leads Series D for Organica Water
CITIC Capital has led a $21 million Series D investment in Organica Water, a US-based environmental infrastructure company with extensive operations in Asia.
Alibaba leads $300m round for India's Bigbasket
Chinese online retailer Alibaba Group has led a $300 million funding round for Indian online grocer Bigbasket.
Deal focus: Tryb sees strength in numbers
Singapore's Makara Innovation Fund supports Tryb Group's push to build a Southeast Asia-focused fintech platform
Accel invests $50m in India's BrowserStack
Accel Partners has invested $50 million in BrowserStack, an Indian IT company that supplies enterprise clients with internet and mobile software testing infrastructure.
Deal focus: LeapFrog adds to financial inclusion portfolio
LeapFrog Investments backs NeoGrowth Credit to provide financial backing for digital payments among Indian retailers
China electric car maker Xpeng raises $348m
Xpeng Motors, a Chinese electric car manufacturer, has completed a RMB2.2 billion ($348 million) Series B round of funding led by Alibaba Group, Foxconn Technology Group, and IDG Capital.
Chinese financial services platform concludes $63m Series B
Huisuanzhang, a Chinese finance and tax management software developer, has completed a RMB400 million ($63 million) Series B round of funding across two tranches.
Singapore IP fund invests $30m in fintech acquisition platform
Southeast Asia-focused financial technology platform Tryb Group has received a $30 million investment from The Makara Innovation Fund (MIF), a Singapore government-backed vehicle that focuses on intellectual property-driven businesses.
Deal focus: Rokid attracts interest as household AI heats up
The Series C round for smart household device manufacturer Rokid underlines investor interest in China-based artificial intelligence plays
Deal focus: Ziroom carves a rental niche
Ziroom receives $621 million in funding to build out its property management service that provides apartments for China's growing population of urban rentors
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
LeapFrog leads $47m round for India's NeoGrowth
LeapFrog Investments has led a $47 million funding round for NeoGrowth Credit, a financial technology company that offers flexible loans to small retailers in India.
China's Dianrong raises additional $70m for Series D
Chinese peer-to-peer (P2P) lending platform Dianrong has raised an additional $70 million in Series D funding, taking the total round to $290 million.
Quadria Capital backs Malaysian medical diagnostics provider
Healthcare-focused private equity firm Quadria Capital has made an investment of undisclosed size in Malaysian diagnostics services company Lablink.
GLP leads $36m round for China's Songxiaocai
Warehouse operator Global Logistic Properties (GLP) has led a RMB230 million ($36 million) investment in Songxiaocai, a business-to-business (B2B) platform that provides agricultural wholesale services to Chinese retailers.
ADB exits minority stake in India's ReNew to CPPIB for $144m
Canada Pension Plan Investment Board (CPPIB) has invested $144 million in Indian renewable energy producer ReNew Power Ventures, providing an exit for the Asian Development Bank (ADB).
VCs commit $30m to Japanese recipe-sharing start-up
SoftBank and YJ Capital have taken part in a JPY3.4 billion ($30.2 million) funding round for Japanese online food media start-up Dely.
Alibaba's Taiwan fund backs fitness brand
Space Cycle, a boutique fitness studio chain operating in mainland China and Taiwan, has raised a RMB100 million ($15.6 million) Series B round of funding led by Alibaba Taiwan Entrepreneurs Fund.
Deal focus: VCs see value in secondhand luxury
Chinese online pre-owned luxury goods retailer Xinshang aims for scale with investments from GGV Capital, Joy Capital and Northern Light Venture Capital
China apartment rental firm Ziroom raises $621m
Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings.
CICC leads $96m round for Chinese sports site Hupu
Hupu Sports Media, a Chinese language sports information and e-commerce site, has raised a RMB618 million ($96 million) round led by a government-backed fund managed by China International Capital Corporation (CICC).