Investments
China cancer treatment developer receives $101m
China Venture Capital Fund, a VC vehicle backed by the Chinese government, and ChinaEquity Group have jointly led a RMB670 million ($101 million) round for 3D Medicines, which focuses on personalized diagnostics and treatment for cancer.
China's Orient Hontai fails to secure AppLovin buyout, switches to debt deal
US-based mobile marketing platform AppLovin has terminated a planned $1.4 billion acquisition by Orient Hontai Capital, a PE unit of China’s Orient Securities, after a long delay in the regulatory approval process. It has opted for a debt-based deal instead....
Japan-China e-commerce business gets $68m Series C
Inagora, a VC-backed e-commerce platform that supplies Japanese products to Chinese consumers, has received $68 million in Series C funding from Itochu Corp, KDDI Corporation, and SBI Holdings.
Everstone acquires Malaysia's Chemopharm
The Everstone Group has acquired Chemopharm, a provider of medical equipment based in Malaysia.
Singapore IP fund commits $52m to cloud-based telecom player
The Makara Innovation Fund (MIF) – a Singapore government-backed vehicle that focuses on intellectual property-driven businesses – has made its first investment, backing Asia telecom player MyRepublic.
Asia GPs back $107m Series B for Divergent 3D
A group of Asian GPs including Hong Kong tycoon Li Ka-shing's Horizons Ventures has backed a Series B round of up to $107 million for US electric vehicle (EV) industry supplier Divergent 3D.
Translink Capital leads $14m round for China's Uhouzz
Uhouzz Network Technology, a China-based online platform that provides homes sales and rental services for overseas students, has raised a $14 million Series B round led by Translink Capital.
Australia tech: Firmer footing
GPs see increasing potential for later-stage investment in the Australian technology sector as early commercial successes and government encouragement help reshape the national psyche
Sabre, CDC lead $26m Series C for India's Portea
Sabre Partners and CDC Group have co-led a $26 million Series C round for Indian home healthcare business Portea Medical.
Chinese autonomous truck start-up TuSimple gets $55m
Chinese self-driving truck technology developer TuSimple has raised a $55 million Series C round led by Hong Kong-based hedge fund Composite Capital, with participation from Sina and Zhiping Capital.
WPP agrees to Bain tender offer for Japan's ADK
Bain Capital Private Equity’s tender offer for Japan-listed advertising agency Asatsu-DK (ADK) has overcome its biggest obstacle as the company’s largest shareholder WPP Group has withdrawn its objection to the deal.
VC-backed DataRobot to invest $11m in Singapore AI
DataRobot, a US-based start-up backed by a number of VCs including Intel Capital, has committed about $11 million to an artificial intelligence (AI) program in Singapore.
Deal focus: Tapping complexity in e-commerce
Southeast Asia-focused retailing services provider aCommerce has received $65 million in Series B funding to support not only geographical expansion but also a move into B2B to complement existing B2C capabilities
Portfolio: CITIC Capital and Oriental Cambridge Education Group
Oriental Cambridge Education Group was already a leader in China’s early childcare market when CITIC Capital acquired it in 2014. The GP has strengthened the company to tackle new challenges
Taiwan PE: Local problem, local solution
Mutual fund managers are expected to be among the first beneficiaries of moves by the Taiwan government to cultivate a domestic PE ecosystem. Industry participants are optimistic, but they must be patient
SSG buys stake in Cox & Kings subsidiary
Hong Kong-based special situations investor SSG Capital Management has paid an undisclosed sum for a 34.4% stake in a UK subsidiary of Indian travel company Cox & Kings (C&K) known as Prometheon Holdings.
Chinese ride-hailing operator Shouqi receives $195m Series B
Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by local transportation company Shouqi Group, has raised RMB1.3 billion ($195 million) in a Series B round across two tranches.
Walden, East join $6.6m round for Tech in Asia
Walden International and East Ventures have joined a $6.6 million funding round led by Hanwha Investment & Securities for Tech in Asia, a Singapore-based digital media company focused on Asian start-ups.
PAG buys majority stake in Chinese dating service Zhenai
PAG Asia Capital has acquired a controlling interest of nearly 75% in Zhenai, a Chinese online matchmaking and dating service provider that earlier this month abandoned plans for a reverse merger in Shenzhen.
AVCJ at 30: Part One - The Early Days
Lewis Rutherfurd of Inter-Asia Venture Management, Brooks Zug of HarbourVest Partners, Dan Carroll of Brooklands Capital Strategies, and Piau-Voon Wang on how private equity got started in Asia
Tencent leads $40m round for China's Ubtech Robotics
Tencent Holdings has led a $40 million Series C round of funding for Shenzhen-based Ubtech Robotics, a humanoid robot maker backed by CDH Investments and Goldstone Investment.
KKR media platform leads $65m round for Southeast Asia's aCommerce
Emerald Media, an Asian investment platform created by KKR, has led a $65 million Series B funding round for Thailand-based online retailing services company aCommerce.
Quadrant's family entertainment platform makes debut acquisition
Australia’s Quadrant Private Equity has purchased amusement arcade operator Timezone Group as the first part of a buy-and-build strategy in the family and children’s entertainment market.
APG commits $175m to India retail JV
Dutch pension fund manager APG Asset Management has committed $175 million to Virtuous Retail South Asia (VRSA), its India-focused retail joint venture with London-based emerging markets investment firm Xander Group.