Expansion
China used car auction player Tiantian Paiche closes Series C
Tiantian Paiche, a Chinese online used car trading platform, has raised $80 million from investors such as Industrial Bank of China to close its Series C round of funding at $180 million.
ClearVue, TAL lead $55m round for China’s Changingedu
Consumer-focused GP ClearVue Partners and US-listed TAL Education Group have jointly led a $55 million Series D round for Changingedu, a China-based education platform that connects teachers and students.
Asian GPs join $41m round for Wonder Workshop
Wonder Workshop, a US-based education robot maker with a strong presence in China, has raised a $41 million Series C round from a group of investors including Tencent Holdings, MindWorks Ventures and Softbank Korea.
Hong Kong's Klook gets $60m Series C
Sequoia Capital China, Goldman Sachs and Matrix Partners have co-led a $60 million Series C funding round for Hong Kong-based travel services company Klook.
CDPQ backs logistics expansion by Logos India
Caisse de dépôt et placement du Québec (CDPQ) is backing Australia-headquartered property company Logos’ expansion into Indian logistics projects.
China’s Segway & Ninebot raises $100m Series C
China-based electric scooter manufacturer Segway & Ninebot Group - previously known as Ninebot - has raised a $100 million Series C round from the Chinese state-backed SDIC Fund and a fund owned by China Mobile.
Deal focus: Lalamove seeks edge in last-mile delivery
Shunwei Capital has led a $100 million round for Hong Kong-based delivery start-up Lalamove with a view to supporting its expansion in the competitive mainland China market
China's Meituan-Dianping raises $4b in new round
Meituan-Dianping, China's largest online-to-offline (O2O) local services platform, has raised $4 billion in a Series C round of funding led by existing investor Tencent Holdings.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.
Deal focus: All-Stars backs Tujia’s consolidation agenda
Tujia's access to property supply and consumer traffic channels in China give an edge that other market entrants struggle to replicate. This gave All-Stars Investment the confidence to co-lead a $300 million round
Hony backs Italian fashion brand Mr & Mrs Italy
China-focused GP Hony Capital has agreed to acquire a 30% interest in Duemmei, owner of Italian fashion brand Mr & Mrs Italy.
Southeast Asia VC: Growth impediment?
Southeast Asia has an abundance of local players targeting early-stage deals while foreign investors fly in to participate in the later stage rounds. The industry is looking for ways to fill the hole in the middle
Hillhouse leads $46m round for China O2O fitness platform
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
True North, IDG in $77m round for India's Policybazaar
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.
Gaja leads $15m round for India's Kinara
Gaja Capital Partners has led a INR960 million ($14.8 million) funding round for Indian non-banking finance company (NBFC) Kinara Capital.
Ola confirms Tencent investment, targets $2b round
China's Tencent Holdings has led a $1.1 billion investment in Indian ride-hailing app developer Ola. The company is in talks with other investors to raise a further $1 billion as an extension of this funding round.
Temasek co-leads $78.2m round for China’s Tongdun
Singapore’s Temasek Holdings has jointly led a $78.2 million Series C round for Tongdun Technology, a China-based third-party risk control services provider, in conjunction with Cinda Sinorock and Tiantu Capital.
Goldman backs South Korean bakery ingredients maker
Goldman Sachs has invested KRW34 billion ($29.9 million) in Korean specialty food ingredients manufacturer Sun-in.
AVCJ Awards 2017 - voting has closed
Voting for the 2017 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all those who participated.
Hong Kong's Lalamove raises $100m Series C
Hong Kong-based delivery start-up Lalamove - also known as Huolala in mainland China - has completed a $100 million Series C round of funding led by Chinese VC firm Shunwei Capital.
All-Stars, Ctrip lead $300m round for China’s Tujia
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
Tencent invests $400m in India's Ola
Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Abraaj invests in Pakistani cinema chain
The Abraaj Group has invested an undisclosed sum in Cinepax, with a view to helping the Pakistan-based cinema operator more than triple in size over the next four years.
Deal focus: Yao Capital bets big on sports training
A start-up aiming to improve Chinese children's access to sports training receives the backing of sport-focused GP Yao Capital