Investors at the AVCJ Forum offered optimistic outlooks for 2020 but said tighter deal markets would demand specialization in defensive sectors and a closer watch on valuations.
Xpeng Motors, a Chinese electric vehicle manufacturer established by Xiaopeng He, previously founder of web browser UCWeb and a senior executive at Alibaba Group, has raised $400 million in Series C funding.
Unison Capital has agreed to buy Kyowa Pharmaceutical Industry, a Japanese subsidiary of India-headquartered drug manufacturer Lupin for an enterprise valuation of JPY57.4 billion ($526 million).
One Store, a Korean mobile app market controlled by SK Telecom, has raised a KRW100 billion ($86 million) round led by local VC firm Kiwoom Investment.
PAG Asia Capital and Centurium Capital secured the two firm of the year prizes at the 2019 AVCJ Private Equity & Venture Capital Awards, while Renuka Ramnath of India’s Multiples Alternative Asset Management won the AVCJ Special Achievement Award.
Chinese medical instrument provider Peijia Medical has raised a RMB700 million ($100 million) Series C round from a group including Matrix Partners China and Lilly Asia Ventures.
Alibaba Group has enlarged a controlling stake in its PE-backed shipping affiliate Cainiao Smart Logistics Network with a $3.3 billion investment.
TPG Capital has led a INR2.2 billion ($32 million) funding round for India's Jana Small Finance Bank, which focuses on financial inclusion through digital services.
A fund launched by Sony Financial Ventures and Global Brain is among the participants in a JPY4.1 billion ($37.5 million) funding round for Japanese financial technology start-up WealthNavi.
Lori Systems, one of Africa’s largest logistics coordination platforms, has raised almost $30 million in a Series A round led by Hillhouse Capital and Crystal Stream Capital.
Korean investors Mirae Asset Capital, EastBridge Partners, and Naver have provided $30 million in growth capital to Vietnamese online entertainment broadcaster Pops.
SoftBank founder Masayoshi Son admitted to a lapse in judgment on WeWork while disclosing that SoftBank Vision Fund and SoftBank Group have written down their positions in the beleaguered co-working space provider by a combined $7.7 billion.
Localization was the key for Everstone Group when rolling out Burger King in an India market that is both price-sensitive and not known for its appreciation of beef
Pakistan’s Airlift, a bus-hailing app, has raised a $12 million Series A round led by US-based First Round Capital. It is being called the largest ever Series A in Pakistan.
Akeso Biopharma, a Chinese biotech company specializing in antibody drugs, has raised a $150 million Series D round led by Loyal Valley Capital and Sino Biopharm.
Maison Capital has invested RMB100 million ($14 million) in Sungiven Foods, a Chinese fresh produce retailer looking to replicate the model of US-based Trader Joe's.
Motoya Kitamura, previously managing partner of Japanese secondaries investor AB Value Capital Partners, has joined HQ Capital as a managing director.
A handful of Australian superannuation funds have started investing directly in local start-ups as well as backing VC funds. Is buying a strip off one of these portfolios the next step?
CPE Capital – formerly known as CHAMP Private Equity – has secured its second Australian defense sector deal in eight months with an agreement to buy Levett Engineering.
Paidy, one of Japan’s largest financial technology start-ups, has confirmed $143 million in new funding, comprising an extended Series C round and debt financing.
CDIB Capital has confirmed completion of its NT$1.9 billion ($61 million) acquisition of Taiwanese chemicals producer Jintex.
The Blackstone Group has invested an undisclosed sum in New Delhi-based Aakash Educational Services with a view to building India’s largest digital omnichannel test preparation company.
TDM Growth Partners, an Australian GP that invests across public and private companies, has led a $48 million Series C round for local marketing technology supplier Rokt.
Sequoia Capital China and Source Code Capital have co-led a $80 million funding round – described as the first tranche of a Series C – for Chinese aftermarket car parts supplier Casstime.