Investments
Chinese autonomous driving player RoboSense raises $45m
RoboSense, a VC-backed company based in China that develops sensing technology for autonomous cars, has raised about $45 million from strategic investors including Alibaba Group and domestic carmaker SAIC Motor Group.
China outbound deal structure: Risk factors
Many Chinese A-share companies have wholeheartedly pursued outbound acquisitions, sometimes bringing in local PE funds for support. But integrating the target into the listed vehicle can be problematic
Fresh China gets $43m Series B led by IDG
Fresh China, a domestic fresh food retailer also known as Shengxian Chuanqi, has raised RMB300 million ($43.3 million) in a Series B round led by IDG Capital with participation from Sequoia Capital and BA Capital.
Yunfeng leads $300m round for China's Xiaozhu
Xiaozhu, a Chinese online booking platform for short-term room rentals, has received a $300 million funding round led by Yunfeng Capital and Advantech Capital.
China-Europe: A sense of uncertainty
Chinese interest in European assets – from industrial technology to consumer brands – is undimmed, but certain governments, as well as the EU itself, are taking steps to protect their crown jewels
US-China biotech: Troubled transfers
Chinese investment in US biotech – and its ability to import intellectual property for domestic drug development – looks set to be a casualty of worsening relations between the two nations
Sequoia leads Series B for China's Deep Intelligent Pharma
Deep Intelligent Pharma (DIP) has raised $15 million in a Series B funding from Sequoia Capital China, with the proceeds to be used for accelerating the development of the company’s artificial intelligence (AI) powered drug discovery platform.
Q&A: Eurazeo's Eddie Chen
Eurazeo is a publicly-listed French private equity firm, formed in 2001 through the merger of Eurafrance and Azeo. China head Eddie Chen explains why the GP opened a Shanghai office five years ago
VCs commit $15m to Chinese art tuition start-up
Chinese online art tutoring services provider Meishubao has raised $15 million in the third tranche of a Series B round led by BHG Long Hills Capital.
Microsoft to invest in PE-backed ride-hailing platform Grab
Microsoft has made a strategic investment in Grab as part of a wider arrangement that will see it collaborate with the Southeast Asia-focused ride-hailing business on digital services.
Hahn & Co buys Korea's SK Shipping for $3.7b
Hahn & Company has completed what is described as one of the first successful non-government led corporate restructurings in Korea’s shipping industry with the $3.7 billion acquisition of SK Shipping.
BGH consortium bids $1.4b for Australia's Navitas
BGH Capital has made a A$1.97 ($1.4 billion) bid for Australian education services provider Navitas in conjunction with AustralianSuper and Rod Jones, the company’s co-founder and CEO.
State-owned funds back Series B for Chinese AI start-up
Cloudwalk, a Chinese artificial intelligence (AI) start-up that specializes in facial recognition technology has closed a Series B round of funding led by several government-backed funds. The deal underlines China’s desire to push further into AI-powered...
Sequoia leads $27m round for India's BlackBuck
Sequoia Capital India has led an approximately $27 million investment in Indian logistics services company BlackBuck.
GIC-backed Greenko makes add-on acquisitions
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
Singapore's One Championship receives $166m Series D
Sequoia Capital has led a $166 million Series D funding round for One Championship, a Singapore-based mixed martial arts (MMA) organization that stages tournaments across the region.
GMR reaches settlement with investors in airport business
Private equity investors in India’s GMR Airports (GAL) will receive INR35.6 billion ($481.3 million) in cash plus additional equity in compensation after the company failed to deliver a liquidity event within an agreed timeframe.
India's Droom gets $30m Series E round
The family office of Joe Hirao, founder of Japanese media platform ZigExN, has led a $30 million Series E round for Indian used-car trading marketplace Droom.
SIG leads Series B-plus for China car-sharing platform Togo
Chinese car-sharing platform Togo has received millions of US dollars in an extended Series B funding round led by Susquehanna Asia Investment (SIG), with participation from ZhenFund and Crescent Point. It takes the company’s total funding since inception...
Wilmar Ventures backs Alzheimer's specialist Accera
Wilmar Ventures, an investment arm of Asian agribusiness conglomerate Wilmar International, has led a $50 million funding round for Accera, a developer of treatments for Alzheimer’s disease.
KKR makes $1.5b bid for Australia's MYOB
KKR is looking to privatize Australian accounting software company MYOB, having acquired a substantial stake in the business from Bain Capital and made an unsolicited offer for all the remaining shares at a valuation of A$2.19 billion ($1.54 billion).
Tencent invests $318m in recently-listed streaming site Bilibili
Tencent Holdings has agreed to invest $317.6 million in Bilibili, a VC-backed Chinese animation streaming platform that listed on NASDAQ in March.
Hillhouse, Tencent back Chinese low-cost retailer Miniso
Miniso, a fast-growing Chinese low-cost retailer, has received RMB1 billion ($145.5 million) in funding from Tencent Holdings and Hillhouse Capital. The proceeds will be used for international expansion and smart retail initiatives.
Deal focus: Oyo passes the $1b mark
Oyo Rooms has taken a budget hotel marketing strategy that worked in India and applied it to overseas markets, notably China. Investors were bullish enough on its growth potential to provide a $1 billion Series E round